A Telus store in Toronto on June 3, 2012.Michelle Siu/The Globe and Mail
Telecommunications company Telus Corp. says it opposes the $3.4-billion purchase of Astral Media Inc. by telecom competitor BCE Inc.
Telus says the proposed acquisition would be anti-competitive and give Bell unprecedented market concentration. Telus also says it supports the "Say No to Bell" coalition comprised of Quebecor Inc., Cogeco Inc. and Eastlink. Telecommunications company Telus says it opposes the $3.4-billion purchase of Montreal-based Astral Media by telecom competitor BCE.
Telus says the proposed deal would be reduce competition and give Bell unprecedented market power.
Vancouver-based Telus says the purchase of Astral could give Bell a 49.5 per cent share of the English-language television audience.
Telus says the deal would limit choice for Canadians and raise costs for consumers.
Telus is supporting a coalition comprised of Quebecor Inc., Cogeco Inc. and Eastlink and has filed a submission against the acquisition to the CRTC.