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Zayo completes C$465m Allstream acquisition
2016-01-15 01:00:00| Total Telecom industry news
U.S.-based fibre operator to retain Allstream brand for voice, unified comms, SME services.
Tags: acquisition
completes
completes acquisition
zayo
Manitoba Telecom Services sells Allstream business for $465M
2015-11-23 21:31:55| IT Services - Topix.net
Manitoba Telecom Services Inc. says it has signed a deal to sell its Allstream business to Zayo Group Holdings Inc. for $465 million in cash. The agreement to sell Allstream follows a failed deal to sell the business to Egyptian investment group Accelero Capital for $520 million.
Tags: services
business
telecom
sells
Manitoba Telecom Services sells Allstream business for $465M
2015-11-23 21:31:39| Telecom - Topix.net
Manitoba Telecom Services Inc. says it has signed a deal to sell its Allstream business to Zayo Group Holdings Inc. for $465 million in cash. The agreement to sell Allstream follows a failed deal to sell the business to Egyptian investment group Accelero Capital for $520 million.
Tags: services
business
telecom
sells
MTS to sell Allstream to Zayo for CAD 465 mln
2015-11-23 14:04:00| Telecompaper Headlines
(Telecompaper) Manitoba Telecom Services announced a binding agreement to sell its unit Allstream to Zayo Group for CAD 465 million cash. MTS said the transaction will bring it a stronger position to transform into a more customer-first business, leveraging its assets and position to deliver solid results in a competitive market. After closing costs, MTS expects to realise net proceeds of approximately CAD 425 million. The company said it will evaluate a number of capital allocation options available to it, including the retirement of debt incurred to fund its pension funding prepayment made earlier in 2015 and recent spectrum acquisitions.
MTS sells Allstream for C$465 million
2015-11-23 01:00:00| Total Telecom industry news
US-based Zayo to take control of Canadian business services provider, integrate fibre assets with its own.
Tags: million
sells
mts
allstream