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Press release from CNW Group

Dean Prevost, President of Allstream, addresses Board of Trade Metropolitan Montreal regarding foreign investment in telecommunications

Thursday, November 17, 2011

Dean Prevost, President of Allstream, addresses Board of Trade Metropolitan Montreal regarding foreign investment in telecommunications09:35 EST Thursday, November 17, 2011Speech addresses Allstream's support for removal of foreign investment restrictions as crucial to the future of IP Networking in CanadaStock Symbol:  MBTMONTREAL, Nov. 17, 2011 /CNW/ - Today, Dean Prevost, President of Allstream, one of Canada's leading all-business communications providers, spoke to members of the Board of Trade of Metropolitan Montreal (BTMM) and select members of the surrounding business community about the future of IP Networking and how current restrictions on foreign investment are hindering growth, innovation, and competition in the Canadian telecommunications industry."For your business, the network is oxygen: critical for survival… but that network—in Canada—is in danger of being starved of oxygen unless there are changes in the investment climate—and, specifically, the rules for who can invest in our industry," said Dean Prevost, President, Allstream. "Right now, with the rules and policies as they are, the newer and more innovative providers have limited access to risk and investment capital to keep evolving our networks for the future."As IP Networking continues to function as the backbone of the telecom space, Mr. Prevost went on to discuss how businesses' can utilize advanced IP communication technology such as cloud computing, managed services, virtualization and network security to become more competitive, collaborative and customer-centric, while better managing costs— shifting the industry paradigm."Every business is faced with a challenge that amounts to a paradox: doing more with less— like managing costs while investing for growth.  But how do you manage this paradox to create a strong future for your business? The answer is through the power of advanced IP networking," said Prevost.About AllstreamAllstream is a Canadian leader in IP communications and the only national provider that works exclusively with business customers of all sizes. For more information on Allstream services and solutions, please visit www.allstream.com.Allstream is a division of MTS Allstream Inc. ("MTS Allstream"), 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: www.mtsallstream.com.Forward-looking Statements DisclaimerThis 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 www.sedar.com.Please 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: Kristin Foster Corporate Communications (416) 644-2411 media.relations@mtsallstream.com