BCE resubmits Astral bid to broadcast regulator
TORONTO (AP) — Canada's largest telecommunications company, BCE Inc., has resubmitted a bid to the country's broadcast regulator to buy Astral Media Inc. for $3.4 billion.
The Canadian Radio-television Telecommunications Commission blocked a deal last month, saying it would have resulted in an unprecedented level of consolidation in the country's media landscape.
Astral is Canada's largest pay and specialty TV broadcaster. It owns 25 TV stations, including HBO Canada. It also owns 84 radio stations in 50 Canadian markets.
BCE, also known as Bell, wants to deliver more content to televisions, tablets and mobile devices.
BCE said Monday that details on the amended proposal will be made available by the CRTC when it launches its public consultation period.