WINNIPEG — The Canadian Radio-television and Telecommunications Commission has approved the deal that will see Bell Canada take over MTS.
The CRTC’s decision is the first of three regulatory approvals required to complete the closing of BCE’s acquisition of MTS.
“We are pleased to receive the CRTC’s decision and will continue to work with Bell to obtain the two remaining regulatory approvals,” said MTS president and CEO Jay Forbes.
Forbes said the company remains optimistic that similar approvals will follow by the Competition Bureau and Innovation, Science and Economic Development Canada.
The $3.9 billion acquisition is expected to be finalized in 2017.