Being a retired SWB Telephone Engineering Manager I can tell you that BCE is a heck of a buy at these prices, and todays world.
A couple of things that most people don't hear from the TV mouth pieces is the word "Dividend", and the fact that the last thing someone will get rid of in bad times is their telephone.
If you are out of work you need your phone to get another job. This is a historical fact from the great depression, and is still true today. A P/E of less than 5, a dividend of over $1.40 a year that should be reinstated is a great reason to buy. The only reason the dividend was stopped was the pending sale I am buying more at these prices.
The KPMG opinion was as to the solvency after loading the company up with debt to fund the buy out, not as to the company as ot stands. When the deal oficially fails to close (note I said "when" not "if" it will reinstae the dividend. INMHO it is clearly worth more than it is now trading for.
I can see you are a rocket scientist, but the reason they stopped the 36 cent qtr dividend was tbecause of the pending sale. There should be no reason the board should not reinstate the dividend, plus a possible one time increase. If you look at their financial report you will see over a 2 billion dollar cash position in 2008 vs. less than 500 million the same time 2007. With about 800 million shares the Company is in a great position to do a buy back of stock, or a one time bonus dividend.