CRTC greenlights transfer of MTS broadcasting rights to Bell

The Canadian Radio-television and Telecommunications Commission has signed off on the transfer of MTS's broadcasting rights to Bell.

The CRTC approved the dealTuesday. It shifts Manitoba Telecom Service's (MTS) broadcasting distribution licences to Bell Canada (BCE Inc.).

The latesttransfer represents the first of three regulatory approvals the corporations need to close Bell's multi-billion-dollar acquisition of Manitoba Telecom Services (MTS).

• Bell promises faster internet in Innovation Alley if MTS deal approved

"We continue to make progress toward uniting Bell and MTS as we work with federal regulators to complete the remaining transaction approvals," George Cope, president and CEO of BCE and Bell, said in a statement.

The broadcasting license change means Bell will be able to begin the rolloutof itsFibe TV broadband system in Winnipeg andotherlocations, the company said in a statement. Fibe TV will be compatible with wireless TV and Apple TV.

Montreal-based Bell announced its intentionto buy Manitoba's largest internet,phone and wireless providerin Mayin a friendly deal worth an estimated $3.9 billion.

Manitobanshave expressed concerns about the potentialfor rate increases once Bell officially takes over.

• MTS sale to Bell supported by only 23% of Manitobans, poll suggests

The mergeris expected to be completed in early 2017.

"We remain optimistic that we will secure the necessary approvals from the Competition Bureau and Innovation, Science and Economic Development Canada along the timelines set forth from the outset, and continue to be excited about the benefits the new Bell MTS partnership will bring Manitobans," said Jay Forbes, MTS president andCEO.