I didn’t see this one coming, but apparently Telus is interested in acquiring Bell parent BCE Inc. Such a move would create a truly national telecommunications company here in Canada, but I am not sure that’s such a good thing. Telus CEO Darren Entwistle seems convinced though:
“This acquisition will create a strong, integrated competitor that would generate continued expansion and growth in the years ahead,” CEO Darren Entwistle said in a media conference call.
“This particular acquisition makes enormous sense for our country. This move will create a truly national provider with the size to stand along side any telecom company in the world.”
Fellow blogger Mark Evans speculates on the deal and wonders if Rogers and Shaw would cozy up in response.
Who knew the Canadian telecommunications industry could be so interesting?