MTS to sell its Allstream business to Zayo Group for $465M

[wickedplayer494]

[url]http://mobilesyrup.com/2015/11/23/mts-strikes-new-deal-to-sell-its-allstream-fibre-business-for-465-million/[/url]

[quote=MobileSyrup]Manitoba Telecom Services (MTS) today announced the impending sale of its Allstream business in an all cash deal worth $465 million.

The subsidiary, which provides fire-optic infrastructure across the country and connectivity solutions to enterprise clients, will be sold to Zayo Holdings Inc, a fibre-optic provider based in Boulder, Colorado that has a market capitalization of about $5.7 billion and is traded on the New York Stock Exchange. The deal, which has already been approved by MTS’s board of directors, is expected to close sometime in 2016, pending government approvals.[/quote]

[Aide]

[quote]fire-optic[/quote]
FIRE-OPTIC coming to a home near you!

[zakededodead]

[QUOTE=Aide;49180798]FIRE-OPTIC coming to a home near you![/QUOTE]

Do you ever find yourself wishing you had blazing fast broadband speed ?

[Karmah]

[QUOTE=zakedodead;49180836]Do you ever find yourself wishing you had blazing fast broadband speed ?[/QUOTE]

Yeah but I'll be damned if MTS can provide anything other a slow burn