ARCHIVED - Broadcasting Decision CRTC 2002-150
This page has been archived on the Web
Information identified as archived on the Web is for reference, research or recordkeeping purposes. Archived Decisions, Notices and Orders (DNOs) remain in effect except to the extent they are amended or reversed by the Commission, a court, or the government. The text of archived information has not been altered or updated after the date of archiving. Changes to DNOs are published as “dashes” to the original DNO number. Web pages that are archived on the Web are not subject to the Government of Canada Web Standards. As per the Communications Policy of the Government of Canada, you can request alternate formats by contacting us.
Broadcasting Decision CRTC 2002-150 |
|
|
Ottawa, 3 June 2002 |
|
|
Consortium Câble-Axion Digitel inc., for Câble-Axion Québec inc. and Câble-Axion Digitel Inc. |
|
|
Applications 2002-0111-1 and 2002-0110-4 |
|
Amendment to the indirect control of Câble-Axion Québec inc. and Câble-Axion Digitel Inc. |
|
|
1. |
The Commission approves the applications by Consortium Câble-Axion Digitel inc. (consortium Câble-Axion), for Câble-Axion Québec inc. (Câble-Axion Québec) and Câble-Axion Digitel Inc. (Câble-Axion Digitel), (collectively the licensees), for authority to amend the indirect control of the licensees, as a result of the acquisition by TELUS Corporation of the control of TELUS Québec inc. (TELUS Québec). |
|
2. |
The licensees operate broadcasting distribution undertakings in various locations in Quebec. |
|
3. |
Consortium Câble-Axion directly controls Câble-Axion Québec and Câble-Axion Digitel with its 80% and 89.16% voting interest, respectively. TELUS Québec directly controls the remaining voting interest of the licensees, namely 20% in Câble-Axion Québec and 10.84% in Câble-Axion Digitel. TELUS Québec also holds a 33.33% voting interest in Consortium Câble-Axion. Through all of these holdings, TELUS Québec directly and indirectly controls 46.7% of the voting interest of Câble-Axion Québec and 40.6% of the voting interest of Câble-Axion Digitel. |
|
4. |
As a result of a change in the ownership structure of TELUS Québec, whereby TELUS Corporation has acquired all of the voting shares in TELUS Québec, TELUS Corporation now has an indirect control of 46.7% voting interest in Câble-Axion Québec and of 40.6% voting interest in Câble-Axion Digitel. |
|
5. |
The transaction does not change the effective control of the licensees as it continues to be exercised by Consortium Câble-Axion. |
|
6. |
The Commission notes that the licensees have proceeded with the transaction prior to obtaining its approval. The licensees are reminded that they must abide by section 4 of the Broadcasting Distribution Regulations, at all times. |
|
Secretary General |
|
|
This decision is to be appended to each licence. It is available in alternative format upon request, and may also be examined at the following Internet site : www.crtc.gc.ca |
Date Modified: 2002-06-03
- Date modified: