MTS receives approval from CRTC on transfer of Broadcast Distribution Undertaking

Manitoba Telecom Services Inc. (MTS) received approval today from the Canadian Radio-television and Telecommunications Commission (CRTC) to transfer its Broadcasting Distribution Undertaking (BDU) licences to Bell Canada.  

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 & CEO Jay Forbes.

A notable number of Manitoba stakeholders offered supportive comments during the proceedings and the CRTC raised no concerns in approving the BDU transfer.

"We remain optimistic that we will secure the necessary approvals from the Competition Bureau and Innovation, Science and Economic Development Canada along the timelines set forth from the outset, and continue to be excited about the benefits the new Bell MTS partnership will bring Manitobans," said Forbes.

Source: MTS release