The Canadian Radio-Television & Telecommunications Commission (CRTC) blocks BCE's...

|About: BCE Inc. (BCE)|By:, SA News Editor

The Canadian Radio-Television & Telecommunications Commission (CRTC) blocks BCE's (BCE) C$3B ($3.05) acquisition of Quebec-based Astral Media, saying the deal would give too much power to BCE, already the country's largest telecom operator and a major broadcaster. BCE says it will ask the federal government to overturn the ruling, although Heritage Minister James Moore says the CRTC's ruling will stand.