It’s official: The Ontario Teachers Pension Plan is buying Bell Canada for $51.7 billion.
(I wish my pension plan had that kind of cash to throw around. Sadly, my union is still in negotiations with Fagstein WorldMedia Ltd. and it doesn’t look good.)
It has the advantage of being a Canadian offer (though with minority American interests), and yet not being a takeover by a rival telecommunications firm. So we’ll still have all this competition with a whopping three providers.
I’m sure with this new owner, Bell will concentrate on providing quality customer service, even if that extra mile might interfere with their bottom line in the short term.