Regulatory filing shows Bell was in running to buy Shaw before Rogers deal BCE reportedly walked away from a potential deal over fears it was assuming too much regulatory risk, paving the way for Rogers to clinch the $26-billion megadeal. April 26, 2021 The shakeup in Canada’s telecommunications sector could have been very different, according to a regulatory filing made Friday by Shaw Communications. In the filing, Shaw says Bell Canada Enterprises (BCE) was in the running to acquire the Calgary-based company earlier this year, tabling a pair of offers before Rogers Communications’ $26-billion bid was accepted. What ultimately led BCE to walk away was that it felt the deal would expose it to too much regulatory risk, according to reports.