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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.

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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.

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Manitoba Telecom Services sells Allstream business for $465M

2015-11-23 21:31:39| Telecom - Topix.net

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.

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