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Manitoba Telecom Services Inc To Sell Fiber Optic Network To Accelero-Reuters


Friday, 24 May 2013 08:51am EDT 

Reuters reported that Manitoba Telecom Services Inc has struck a deal to sell its Allstream business, a fiber optic network stretching across Canada, to Accelero Capital Holdings for CAD520 million ($502.8 million), including debt assumed by the buyer. The deal will provide MTS with sufficient capital to invest in wireless spectrum and to continue bringing fibre-to-the-home, 4G LTE wireless technology and other products to communities in Manitoba. After closing costs, MTS said it expects to realize net proceeds of about CAD405 million from the deal with Accelero, an investment and management group focused on telecommunications, digital media and technology. 

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30 Jan 2015