Jean-Pierre Blais’ comments come as a federal spokesperson says Ottawa is not prepared to amend CRTC’s Thursday ruling denying the deal.
Executives from across the Canadian media agency landscape weigh in on Thursday’s surprise ruling to deny the proposed takeover of Astral Media by BCE.
“This is a good day for consumers,” Rogers Communications vice chair Phil Lind said in a statement Thursday following the CRTC’s ruling.
The CRTC in its decision Thursday said that it is serious about undue competition in Canadian media, and hasn’t changed it’s mind that OTT services are not a threat to the Canadian broadcast system.
The phone giant said it is appealing to the federal cabinet to possibly overturn the regulatory denial of its $3.4 billion takeover bid.
It’s back to the drawing board for Astral Media as the industry’s largest independent player is denied a bid to be taken over by the Canadian phone giant.