Some of Canada’s largest pension funds have another competitor in their quest to take BCE private now that Telus has entered into discussions to acquire its rival.
“Telus believes the combination of the two businesses would represent a compelling strategic and financial opportunity for all BCE and Telus stakeholders,” says Darren Entwistle, president and CEO of Telus.
“It would be an all-Canadian solution for both immediate and long-term value creation, whilst ensuring a vibrant player continues in this increasingly competitive industry.”
Other suitors for BCE include a consortium led by the Ontario Teachers’ Pension Plan, another group led by the Canada Pension Plan Investment Board, and Cerberus Capital Management.
For more about this deal, check our web-exclusive feature, The battle for BCE. To read it, click here.
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