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Manitoba Telecom Services Inc (MBT.TO)

MBT.TO on Toronto Stock Exchange

39.22CAD
24 Feb 2017
Change (% chg)

$-0.33 (-0.83%)
Prev Close
$39.55
Open
$39.53
Day's High
$39.53
Day's Low
$39.15
Volume
408,016
Avg. Vol
227,661
52-wk High
$39.65
52-wk Low
$31.39

Latest Key Developments (Source: Significant Developments)

MTS Inc reports Q2 EPS C$0.15
Wednesday, 3 Aug 2016 05:00pm EDT 

Manitoba Telecom Services Inc : Quarter 2016 results and transformation progress . Q2 earnings per share c$0.15 . Qtrly operating revenue $252.3 million versus $250.7 million .Q2 earnings per share view c$0.32, revenue view c$251.4 million -- Thomson Reuters I/B/E/S.  Full Article

Bell and MTS to expand broadband service in Northern Manitoba
Thursday, 7 Jul 2016 11:30am EDT 

Manitoba Telecom Services Inc : Bell MTS will expand wireless and wireline broadband service in several communities in Northern Manitoba .Bell and MTS to expand broadband service in Northern Manitoba.  Full Article

Manitoba Telecom Services receives court approval for BCE transaction
Wednesday, 29 Jun 2016 11:58am EDT 

Manitoba Telecom Services Inc :Mts receives court approval for BCE transaction.  Full Article

MTS shareholders approve acquisition by BCE
Thursday, 23 Jun 2016 11:15am EDT 

Manitoba Telecom Services Inc : MTS shareholders overwhelmingly approve acquisition by BCE .Arrangement resolution was approved by 99.66% of 43,098,172 votes cast by co's shareholders.  Full Article

MTS Inc Qtrly EPS $0.24
Wednesday, 11 May 2016 04:18pm EDT 

MTS Inc : Qtrly EPS from continuing operations $0.22 . Qtrly EPS $0.24 . Qtrly operating revenues $250.7 million versus $255.9 million . Declared a quarterly cash dividend of $0.325 per share for q2 of 2016 . Q1 earnings per share view c$0.34, revenue view c$254.3 million -- Thomson Reuters I/B/E/S .Reports Results For First Quarter Of 2016 As Customer-First transformation enters next stage.  Full Article

BCE Inc announces agreement to acquire Manitoba Telecom Services
Monday, 2 May 2016 07:30am EDT 

BCE Inc:Bce announces agreement to acquire manitoba telecom services.Says will acquire all of issued and outstanding common shares of mts for $40 per share.Says will fund cash component of transaction from available sources of liquidity.Says will acquire all of issued and outstanding common shares of Manitoba Telecom Services Inc in a transaction valued at approximately $3.9 billion.Plans to invest $1 billion in capital over 5 years after the transaction closes to expand its broadband networks and services throughout Manitoba.Says combined company's Manitoba operations will be known as Bell MTS in recognition of the powerful brand presence the MTS team has built across in the province.MTS shareholders will be able to elect to receive $40 in cash or 0.6756 of a BCE common share for each MTS common share.As part of the agreement, MTS will not declare any further dividends on its common shares after its upcoming second-quarter 2016 dividend.Board of Directors of MTS has approved the transaction and recommends that MTS shareholders vote in favour of it.  Full Article

Manitoba Telecom Services Inc improving cost structure through voluntary workforce reduction
Tuesday, 13 Oct 2015 04:45pm EDT 

Manitoba Telecom Services Inc :Mts improving cost structure through voluntary workforce reduction.Number of reductions to be determined by employee interest in voluntary workforce reduction program as well as organizational needs.Says majority of the positions are back office support functions, and not customer facing.Voluntary workforce reduction program to employees within Manitoba operations.Workforce reduction program affecting mts team union and non-union employees.  Full Article

Manitoba Telecom Services Inc declares dividend
Thursday, 30 Jul 2015 08:30pm EDT 

Manitoba Telecom Services Inc:Declares a quarterly cash dividend of $0.325 per share for the third quarter of 2015, payable on Oct. 15 to shareholders of record at the close of business on Sept. 15.  Full Article

Manitoba Telecom Services Inc announces Impending Changes to Executive Team
Monday, 29 Jun 2015 04:30pm EDT 

Manitoba Telecom Services Inc:Says retirement of Kelvin Shepherd, President of MTS, later this year and.Says departure of Wayne Demkey, Chief Financial Officer MTS Allstream on July 31, 2015.Says Forbes will assume the responsibilities of President of MTS in addition to his CEO role.Says Paul Cadieux, will assume the role of chief financial officer, effective July 31, 2015.  Full Article

Manitoba Telecom Services Inc to cut 400 additional jobs from Allstream, reduce dividend - The Canadian Press
Wednesday, 6 May 2015 08:00pm EDT 

Manitoba Telecom Services Inc:Says it’s reducing the workforce at its Allstream national division by 25 pct - The Canadian Press.Says Winnipeg-based company 100 employees have already left and a further 400 have been notified they’ll be leaving the business in 2015 or 2016.Says it’s also cutting Allstream’s capital budget by 20 to 30 pct and reducing the parent company’s dividend to shareholders.  Full Article

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BRIEF-Bell acquisition of MTS receives final regulatory approvals from ISED, competition bureau

* Bell acquisition of MTS receives final regulatory approvals from ISED and competition bureau, transaction set to close on march 17