Canada’s fourth largest provider of telecommunications services, Manitoba Telecom Services(MTS) has signed an agreement to sell its enterprise IP division, Allstream to Zayo Group, a US-based leading provider of communication infrastructure in an all cash transaction for $465 million. Zayo operates a 140,000-kilometre fibre-optic network in the United States and Europe.
Zayo to Acquire #Canadian @Allstream will establish Zayo as the only Pan-US/Canada Comms Infrastructure provider pic.twitter.com/6R2UKBcud6
— Zayo Group (@ZayoGroup) November 23, 2015
Zayo said that the acquisition adds extensive intercity and metro fiber throughout Canada, and will establish Zayo as the only Pan-U.S./Canada communications infrastructure provider.
Good fit for Zayo @DanCaruso Manitoba Telecom Services upgraded as Allstream sale looks more likely http://t.co/QZmWvFy3EW via @fpinvesting
— TowerGuy (@tower_Guy) September 21, 2015
Jay Forbes, President and CEO
The acquisition by Zayo represents a new beginning for Allstream and a significant new evolution in the competitive landscape of Canadian telecoms.
