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The federal government’s changes to foreign ownership restrictions in Canada’s telecommunications sector means Manitoba Telecom Services Inc. now has a global market in which to seek additional investment, telecommunications partners or a buyer for its MTS Allstream division.
The federal government’s changes to foreign ownership restrictions in Canada’s telecommunications sector means Manitoba Telecom Services Inc. now has a global market in which to seek additional investment, telecommunications partners or a buyer for its MTS Allstream division.
(Joe Bryksa/Joe Bryksa/The Canadian Press)

MTS should dump Allstream, no matter the cost

At this point, Manitoba Telecom Services should take what it can get for its Allstream division, even give it away if it can’t find a buyer, because every day the company hangs on costs shareholders money.

The division has been for sale for months, with little indication of significant interest at the price that MTS was seeking. The Globe and Mail reported almost a year ago that MTS was once again canvassing for buyers, which MTS later confirmed. Since then, it has been largely silent, saying only of late that the process is ongoing.