"We have a very high degree of confidence," said BCE CEO Michael Sabia in response to analyst concerns over the financing on the company's earnings call Wednesday morning. "I don't want to go too far here in terms of taking folks through the arrangements that the teacher's group has put in place, but I would say that one of the factors in making the choice was the quality of the financing package."

    Another thing to watch is Telus. The company hasn't ruled out making another run at BCE and that could shake things up.

    "We said back in June that we'd keep our options open and until a decision is made we'll be in a no comment mode," says Telus spokesman Jim Johannsson.

    A bid from Telus would have to be even higher than the current 40 percent premium the Ontario Teacher's Pension Plan is paying, but it's a marriage that makes more strategic sense.

    UBS AG analyst Jeffery Fan says the chance that Telus will launch such a bid for BCE is less than 25 percent, according to a research note published this week. The note points out that Telus would face regulatory hurdles from the Competition Bureau since the marriage of the two companies could form a near monopoly.

    But this is telecom. Aren't we supposed to like monopolies?