11:52:27 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 912,279,436
Close 2024-05-23 C$ 46.44
Market Cap C$ 42,366,257,008
Recent Sedar Documents

Post/CP say Quebecor's Peladeau protests Loblaw deal

2024-05-24 09:40 ET - In the News

See In the News (C-QBR) Quebecor Inc

The Financial Post reports in its Friday edition that Quebecor chief executive officer Pierre Karl Peladeau is urging Ottawa to intervene in what he calls an "anticompetitive" deal between Loblaw and telco services retailer Glentel that would end Freedom Mobile's presence at 180 Loblaw stores. A Canadian Press dispatch to the Post says that in a May 9 letter to Industry Minister Francois-philippe Champagne, Mr. Peladeau alleged Loblaw "decided to prematurely terminate" a supply contract between the chain's in-store kiosks, known as the Mobile Shop, and the telecom's Freedom Mobile subsidiary. He said the grocer is instead partnering with Glentel, which is jointly owned by Rogers and BCE's Bell and operates stores such as Wireless Wave and Tbooth Wireless. While Mr. Peladeau says Loblaw has described the move as a routine decision about its store suppliers, he calls it "a stratagem designed to exclude some carriers in favour of Glentel." He added: "We therefore appeal to you to intervene directly and firmly with Loblaw, Glentel, Bell and Rogers to end their anticompetitive manoeuvres. It is imperative that action be taken to preserve a fair competitive environment in the telecommunications and grocery businesses."

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