Info Image

Bell Canada Acquires Manitoba Telecom for $3.11 billion

Bell Canada Acquires Manitoba Telecom for $3.11 billion Image Credit: MTS

BCE, Monday announced that it will acquire Manitoba's largest phone, Internet and wireless company, Manitoba Telecom Services(MTS) in a transaction valued at approximately CAN$3.9 billion(USD$3.11 billion). The combined company's Manitoba operations will be known as Bell MTS in recognition of the powerful brand presence the MTS team has built across the province.

Bell said that it plans to invest $1 billion in capital over 5 years after the transaction closes to expand its broadband networks and services throughout Manitoba. The operator aims to expand the Gigabit Fiber Internet service and accelerate expansion of the LTE wireless network throughout the province. In addition, it also plans to integrate MTS's Winnipeg data centre with Bell's existing national network of 27 data and cloud computing centres.

George Cope, President and CEO of BCE and Bell Canada
Bell is excited to be part of the clear growth opportunities in Manitoba, and we plan to contribute new communications infrastructure and technologies that deliver the latest wireless, Internet, TV and media services to residents and businesses throughout the province.

Jay Forbes, President and CEO of MTS
Now, enabled by Bell's national scale and commitment to broadband investment, Bell MTS will be very well-positioned to accelerate service innovation, customer support and community investment to the benefit of Manitobans like never before.

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

PREVIOUS POST

KPN's iBasis Sells SMS Hubbing Business to MessageBird

NEXT POST

Vodafone NZ, Sky TV Enter into $2.4bn Merger Deal