allstream

MTS Sells Allstream Subsidiary for $465 Million

After crunching through multiple bids, MTS has finally agreed to sell its subsidiary, Allstream, to Zayo Group Holdings Inc. (Zayo), a provider of communication infrastructure, in an all-cash transaction for $465 million, the company announced today. "This transaction is the outcome of a comprehensive process which left no stone unturned," said Jay Forbes, President and...

Rogers Said to Have Interest in Acquiring Allstream from MTS

MTS Allstream is still up for sale, and one of the potential buyers is Rogers. The carrier, on the other hand, is refraining from showing any public interest in Allstream, reports the Globe and Mail. Actually, as Rogers chief financial officer Tony Staffieri pointed out jokingly, it's the second-most popular subject he gets asked by...

Ottawa Nixes MTS-Allstream Deal Over National Security Concerns

Last month MTS publicly stated it planned to skip the 700MHz wireless spectrum auction to focus on local networks. Another reason was the fact it had a pending $520 million sale of its nationwide AllStream fiber optic network to Accelero Capital Holdings, which belongs to Egyptian billionaire Naguib Sawiris, the original backer of WIND Mobile. The...