MTS-Allstream deal angers some investors

Article Abstract:

Winnipeg-based Manitoba Telecom Services Inc. (MTS) has proposed to buy Toronto-based Allstream Inc. for $1.7-billion, as the combination would create a third national phone company. The shareholders of MTS are hoping to stop the phone company's proposed deal with Allstream by moral persuasion, but are unsure whether they would succeed.

---

MTS: Press 1 now for expansion

Article Abstract:

Manitoba Telecom Services Inc. paid Can$1.5 billion in June 2004 to buy Allstream Inc., a struggling national player that sells telecom services to large businesses. The role of Bill Fraser, president and chief executive officer of Manitoba, in combining the two companies to establish Canada's third national telco is discussed.

---

Bell to sell Certen stake to Amdocs

Article Abstract:

St. Louis, Missouri-based Amdocs Ltd . will acquire Montreal, Que.-based Bell Canada's majority stake in Certen Inc. for $89 million. Certen, which is led by chairman John Sheridan, is a billing systems company.

United Kingdom, COMMUNICATION, Computer software industry, Software industry, Bell Canada, Certen Inc., Amdocs Ltd., DOX

Similar abstracts:

• Abstracts: Peladeau eyes options. Power sees no rush for stock offering
• Abstracts: Air Canada plan seen in May. ACE revs up spinoff plans. Air Canada lines up investors
• Abstracts: Yellow Pages plans to maintain payout. Thomson eyes Asia for expansion
• Abstracts: Axcan Pharma to buy rest of U.S. marketing partner. N.Y. investors reject AnorMed board proposal. No-show U.S. patients hurt TLC
• Abstracts: OSC strike against fund industry just first volley in wider crackdown. Proposed governance rules get broad support

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.