Canadian government rejects Manitoba Telecom fiber network sale
Oct 7 (Reuters) - Manitoba Telecom Services Inc said the Canadian government has rejected the proposed sale of its Allstream division to Accelero Capital Holdings due to "unspecified national security concerns."
The government rejected MTS and Accelero's offer to take necessary actions to address the government's concerns, the company said in a statement on Monday.
Manitoba said on May 24 it would sell its Allstream fiber optic network to telecom tycoon Naguib Sawiris-controlled Accelero for C$520 million (US$500 million).
- Special Report: Thailand secretly supplies Myanmar refugees to trafficking rings |
- NSA gathers data on cellphone locations globally: report
- The 10 Most Corrupt and Least Corrupt Countries in the World
- Dementia epidemic looms with 135 million sufferers seen by 2050
- Obama says he's not allowed iPhone for 'security reasons'