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The corporate logo for MTS Allstream, a division of Manitoba Telecom...

2013-05-24 18:11:36| Telecom - Topix.net

Manitoba Telecom Services Inc. has agreed to sell its Allstream business telecommunications arm to an Egyptian investment group and use about half of the proceeds to reduce its pension obligations and debt.

Tags: logo corporate division telecom

 

MTS to sell Allstream to Accelero for CAD 520 mln

2013-05-24 16:45:00| Telecompaper Headlines

(Telecompaper) Canadian operator Manitoba Telecom Services announced the conclusion of its strategic review to consider alternatives for its unit Allstream. Following an auction process and review of other strategic alternatives, the company has signed a binding agreement to sell Allstream to Accelero Capital Holdings Group, and investment and management group focused on telecommunications, digital media and technology. The transaction values Allstream at CAD 520 million, subject to certain customary adjustments, including assumed debt obligations and normalised working capital, as well as certain pension related obligations. The transaction has been approved by the MTS board of directors and is expected to close in the second half of 2013, subject to regulatory approval.

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Manitoba Tel to sell Allstream to Accelero, put $130 million into pension

2013-05-24 16:05:20| IT Services - Topix.net

Manitoba Telecom Services Inc. has agreed to sell its Allstream business telecommunications arm and use about half of the proceeds to reduce its pension and debt obligations.

Tags: tel put sell million

 

Manitoba Tel to sell Allstream to Accelero, put $130 million into pension

2013-05-24 15:54:19| Wireless - Topix.net

Manitoba Telecom Services Inc. has agreed to sell its Allstream business telecommunications arm and use about half of the proceeds to reduce its pension and debt obligations.

Tags: tel put sell million

 

Manitoba Telecom reaches deal to sell Allstream unit

2013-05-24 02:00:00| Total Telecom industry news

Canadian telco announces deal with investment group founded by former Orascom Telecom, Wind Telecom and Vimpelcom executives.

Tags: sell unit deal telecom

 

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