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Press release from CNW Group

Manitoba Telecom Services Inc. Announces Debt Offering

Tuesday, September 27, 2011

Manitoba Telecom Services Inc. Announces Debt Offering18:18 EDT Tuesday, September 27, 2011C$200 Million in 7-Year NotesStock Symbol:  MBTWINNIPEG, Sept. 27, 2011 /CNW/ - Manitoba Telecom Services Inc. (TSX: MBT) (the "Company"), which includes its principal operating subsidiary, MTS Allstream Inc., one of Canada's leading national communications companies, announced today that it has successfully issued $200 million of 7-year 4.59% medium term notes ("MTNs"), maturing on October 1, 2018. "Our ongoing ability to access capital markets speaks to the strong foundation of our business and the strength of our financial profile," said Pierre Blouin, Chief Executive Officer.All of the net proceeds from the issuance of the MTN will be used to refinance the Company's September 27, 2011 MTN maturity.The MTNs are issued pursuant to the Company's short form base shelf prospectus dated August 23, 2011.About MTS AllstreamMTS Allstream Inc. is a wholly-owned subsidiary of Manitoba Telecom Services Inc. As one of Canada's leading national communication solutions companies, MTS Allstream provides innovative communications for the way Canadians want to live and work today. The Company has more than 100 years of experience, with 5,500 employees across Canada dedicated to a mission of delivering true value as seen through the eyes of our customers. MTS Allstream has nearly two million total customer connections spanning business customers across Canada and residential consumers throughout the province of Manitoba. The Company's extensive national broadband and fibre optic network spans almost 30,000 kilometres. Manitoba Telecom Services Inc.'s common shares are listed on Toronto Stock Exchange (trading symbol: MBT). Customers, stakeholders and investors who want to learn more about MTS Allstream are encouraged to visit: Statements Disclaimer This news release includes forward-looking statements and information (collectively, the "statements") about our corporate direction, business opportunities, operations, financial objectives,  planned activities, future financial results and performance that are subject to risks, uncertainties and assumptions.  As a consequence, actual results in the future may differ materially from any conclusion, forecast, anticipation or projection in such forward-looking statements.  Examples of statements that constitute forward-looking information may be identified by words such as "believe", "expect", "project", "should", "anticipate", "could", "target", "forecast", "intend", "plan", "outlook", "see", "set", "pending", and other similar terms.Factors that could cause anticipated opportunities and actual results to differ materially include, but are not limited to, matters identified in the "Risks and Uncertainties" section and elsewhere in our most recent annual MD&A and any subsequent quarterly MD&As, as well as our most recent Annual Information Form, all of which are available on SEDAR at note that forward-looking statements reflect our expectations as at the date hereof.  We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by law.For further information: Media:       Jessica Poitras       Corporate Communications     (204) 941-7823   Investors:    Paul Peters Investor Relations (204) 941-6178