Key Developments: Manitoba Telecom Services Inc (MBT.TO)

MBT.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Manitoba Telecom Services Inc Acquires EPIC Information Solutions
Wednesday, 4 Sep 2013 10:30am EDT 

Manitoba Telecom Services Inc announced it has acquired EPIC Information Solutions, a Winnipeg-based company that provides IT infrastructure and managed services to approximately 700 businesses across Manitoba and Saskatchewan. By acquiring EPIC, MTS expands its ability to offer Manitoba businesses the comprehensive suite of IP communications services in the province, including voice, data, wireless and IT infrastructure services. The additional IT services that MTS gains access to through EPIC will provide MTS business customers with a broader range of combined IP communications and IT (networking, servers, integration) solutions that addresses customers' computing, data processing and storage needs as well as the need to communicate with their own customers, vendors and other locations. EPIC will continue to operate as a separate, wholly-owned subsidiary of MTS. Financial terms of the agreement were not disclosed.  Full Article

Manitoba Telecom Services Inc Declares Quarterly Cash Dividend
Thursday, 1 Aug 2013 04:05pm EDT 

Manitoba Telecom Services Inc announced that the Board of Directors declared a quarterly cash dividend of $0.425 per share for the third quarter of 2013, payable on October 15, 2013 to shareholders of record at the close of business on September 16, 2013.  Full Article

Manitoba Telecom Services Inc's MTS Inc. And TEAM Union Negotiations Reach Positive Conclusion With New Tentative Collective Agreement
Tuesday, 16 Jul 2013 08:04pm EDT 

MTS Inc. (MTS), the Manitoba-based operating division of Manitoba Telecom Services Inc, announced that MTS has reached a new tentative collective agreement with the Telecommunications Employees Association of Manitoba union (TEAM), which represents 1200 Manitoba-based employees in professional and managerial roles. The agreement is subject to ratification by TEAM members, and TEAM will be recommending approval of the agreement to its members. Results of the ratification vote will be known later this month.  Full Article

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.  Full Article

Manitoba Telecom Services Inc Declares Quarterly Cash Dividend
Wednesday, 8 May 2013 04:04pm EDT 

Manitoba Telecom Services Inc announced that Board of Directors declared a quarterly cash dividend of $0.425 per share for the second quarter of 2013, payable on July 15, 2013 to shareholders of record at the close of business on June 14, 2013.  Full Article

Manitoba Telecom Services Inc Issues FY 2013 Guidance; EPS Guidance Below Analysts' Estimates; Declares Quarterly Cash Dividend
Wednesday, 13 Feb 2013 04:39pm EST 

Manitoba Telecom Services Inc announced that for fiscal 2013, it expects revenue to be in the range of $1.630-$1.730 billion, EBITDA to be in the range of $590-$630 million and EPS to be in the range of $1.75 to $2.15. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $2.52, EBITDA of $621 million on revenues of $1.700 billion for fiscal 2013. The Company also announced that the Board of Directors declared a quarterly cash dividend of $0.425 per share for the first quarter of 2013, payable on April 15, 2013 to shareholders of record at the close of business on March 15, 2013.  Full Article

Shared Services Canada Selects Manitoba Telecom Services Inc To Deliver And Manage Its MPLS Network
Friday, 21 Dec 2012 10:51am EST 

Manitoba Telecom Services Inc., announced that it has signed a multi-year contract to provide business IP and switched ethernet services to Shared Services Canada (SSC), the Government of Canada department responsible for providing telecommunication services, email and data centres to SSC partners. The implementation of Multiprotocol Label Switching (MPLS) managed service will help SSC deliver on its mandate to improve the efficiency, reliability and security of the government's IT infrastructure. It will connect up to 850 sites across the country, with the flexibility and intelligence of IP routing and the transport quality of a single, high performance network. By implementing an IP-based solution, voice, data and multimedia applications can be converged onto a single private network, simplifying the ability for network development and providing a higher overall return on infrastructure investment. This, combined with the benefits of a switched ethernet solution, will allow smooth and dependable sharing of information and applications across multiple LANs, further increasing SSC's productivity  Full Article

Manitoba Telecom Services Inc Declares Quarterly Cash Dividend
Thursday, 8 Nov 2012 06:30am EST 

Manitoba Telecom Services Inc announced that the board of directors have declared a quarterly cash dividend of $0.425 per share for the fourth quarter of 2012, payable on January 15, 2013 to shareholders of record at the close of business on December 14, 2012.  Full Article

Manitoba Telecom Services Inc Declares Dividend-Market News Publishing
Thursday, 2 Aug 2012 04:24pm EDT 

Market News Publishing reported that Manitoba Telecom Services Inc announced that the Board of Directors declared a quarterly cash dividend of $0.425 per share for the third quarter of 2012, payable on October 15, 2012 to shareholders of record at the close of business on September 14, 2012.  Full Article

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