The Competition Bureau confirmed this morning that it does not plan to challenge the $1.07 billion Bell/ Rogers’ acquisition of Maple Leaf Sports and Entertainment (MLSE). Bell and Rogers have long been rivals for many years so it did come as a shock to see them join forces to purchase Canada’s largest sports and entertainment company. Each has paid the Ontario Teachers’ Pension Plan about $533 million for a 37.5 per ownership of MLSE.
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Yet another reason to nationalize Canadian telecom infrastructure. Instead of allowing them to acquire MLSE, they should be made to improve cell and interrnet service for all Canadians to a minimum level. Only then should this takeover be considered.