Bell Canada swallows Manitoba Telecom for $3.1 billion

Bell Canada will buy Manitoba Telecom Services for about $3.1 billion to expand its services in the West.BCE will pay $40 per share, which represents a premium of 22 percent to Manitoba Telecom’s close on Friday. Montreal-based BCE will also assume the company’s outstanding debt of about $800 million. BCE will divest about one-third of Manitoba Telecom’s postpaid wireless subscribers to Telus Corp Bell has its eye on Telus too.