MTS Sells Allstream To Accelero Capital For $520 Million

BY: 

Dave Forde
May 27, 2013

MTS-AllstreamFor well over a year Manitoba Telecom Services (MTS) has been looking to dump Allstream but struggled to find a suitable bidder, and late last week the found one in Accelero Capital Holdings S.? r.l. Group. Accelero is an investment and management group focused on telecommunication, digital media and technology. The investment group has paid $520 million for Allstream, of course this is subject to approval by the MTS Board of Directors and is expected to close in the second half of 2013, subject to receipt of Investment Canada approval and customary closing conditions.

Pierre Blouin, Chief Executive Officer, said, “This transaction makes MTS a stronger, more focused and more valuable company. MTS goes forward as a pure-play telecom with a strong consumer franchise and significant free cash flow to support our dividend. We will also have sufficient capital to invest in wireless spectrum and to continue bringing fibre-to-the-home, 4G LTE wireless technology and other products and services to more communities across Manitoba, further solidifying our position as the undisputed market leader in the province.”

Accelero was established by former Orascom Telecom, Wind Telecom and VimpelCom executives, and Orascom Telecom is the firm that took full control of WIND Mobile back in October 2012.  Fongo is currently doing its due diligence to acquire WIND Mobile.

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Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


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