Skip to main content
The Globe and Mail
Support Quality Journalism.
The Globe and Mail
First Access to Latest
Investment News
Collection of curated
e-books and guides
Inform your decisions via
Globe Investor Tools
Just$1.99
per week
for first 24 weeks

Enjoy unlimited digital access
Enjoy Unlimited Digital Access
Get full access to globeandmail.com
Just $1.99 per week for the first 24 weeks
Just $1.99 per week for the first 24 weeks
var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); } //

Some have said that Allstream’s 30,000-kilometre fibre network would help Rogers bulk up its fixed-line infrastructure and better compete on that front with BCE Inc. and Telus Corp.

MARK BLINCH/Reuters

The question comes up often, but for now, Rogers Communications Inc. is remaining coy about any interest in acquiring Allstream from Manitoba Telecom Services Inc., which is actively looking for buyers for its enterprise communications division.

Rogers chief financial officer Tony Staffieri joked on Tuesday that after the Toronto Blue Jays – the Rogers-owned baseball team on a playoff run – Allstream is the second-most popular subject he gets asked about these days.

As with Troy Tulowitzki's injury status, Mr. Staffieri, speaking at the BMO Telecom and Media conference in Toronto, had little news on Rogers' interest in Allstream (he echoed reports that the Jays shortstop is likely out for a couple of weeks "and we think, at worst case, to the end of the season – preplayoffs, we hope").

Story continues below advertisement

"We don't want to miss an opportunity if there is an opportunity there. But I will say that we've looked at it in the past and decided to pass on it," the CFO said of Allstream. "So, if there's enough accretive value at the right price, it could be something we're interested in, but that hasn't been the case in the past."

Some have speculated that an Allstream acquisition would make strategic sense for Rogers, with Barclays Capital's Phillip Huang writing last month that Allstream's 30,000-kilometre fibre network would help Rogers bulk up its fixed-line infrastructure and better compete with BCE Inc. and Telus Corp.

He also estimated that Rogers already does business with Allstream worth about half of the Street's consensus view of its takeout value of between $300-million and $400-million.

Meanwhile, MTS management believes it has superior insight on the government approval process this time around, after Ottawa blocked a 2013 deal to sell to Egyptian firm Accelero Capital Inc. for $520-million, citing national security concerns.

Also speaking at the BMO conference, MTS CEO Jay Forbes said the company has gained a better understanding of every department that would weigh in on a deal and what factors they would consider. He said MTS has only approached strategic buyers that it believes would "enjoy smooth sailing through the government requirements."

Chief corporate and strategy officer Paul Beauregard spent much of the summer in Ottawa working on the file and said in an e-mail that the company is now "in a great position to ask questions of bidders."

"With the answers, we can assess that risk ourselves and form a view as to whether they would be acceptable bidders for the government."

Story continues below advertisement

MTS hired TD Securities and CIBC World Markets to advise on the sale in July, and Mr. Forbes said it has since approached a number of strategic buyers to gauge their interest and has also been approached by non-strategic players.

Report an error Editorial code of conduct
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies