Telus rules out BCE bid

Telecom followers that bet Telus would eventually buy/bid for Bell Canada better pay up (me included!)

Competition concerns - rather lack of assurances Industry Canada wouldn’t quash the deal - apparently dissuaded the ebullient and energetic Darren Entwistle, Telus’s chief executive, from spearheading another bid for Bell Canada.

So it looks like that $52-billion takeover by Ontario Teachers Pension Plan for Bell Canada is going to happen after all. That’s assuming the debt markets in the U.S. hold up.

August 5, 2007 | Filed Under News Items and Commentary