Bell is "so dominant that it is no longer controllable," Peladeau told the CRTC.
Launches Dec. 4 in Alberta, B.C. and Ontario.
The future of TV is streaming, says Bell Canada's CEO.
CRTC decision has prompted some telcos to say they'll halt investment.
The proposal may be back next year.
Some experts fear deal will mean higher prices.
The deal is expected to close late this year or early 2017.
The federal Liberal government is shutting out advocacy groups arguing in favour of greater competition in Canadian internet
Canadians pay among the highest amount in the world for wireless service. For example, for a basic plan that includes texting, data and talking minutes the average in other industrialized countries is $22 per month; whereas in Canada we pay $37.29 a month. The story is similar for cable and internet. As a consumer you can only be taken advantage of by a corporation for so long -- there comes a point where you can't take it anywhere. We've reached that point.
Loonie's weakness "does probably foreshadow some price increases from our manufacturers at some point."