Transactions & Cases Detail
BCE announces agreement to acquire Manitoba Telecom Services (MTS) for C$3.9B
March 17, 2017
3.9 Billion CAD
On May 2, 2016 BCE Inc. (Bell) announced that it will acquire all of the issued and outstanding common shares of Manitoba Telecom Services Inc. in a transaction valued at approximately C$3.9 billion. The transaction will be completed through a plan of arrangement under which BCE will acquire all of the issued and outstanding common shares of MTS for C$40 per share.
BCE is Canada’s largest communications company, providing residential, business and wholesale customers with a wide range of solutions to all their communications needs, including the following: wireless, television (TV), Internet, home phone, and small and medium-sized business and large enterprise communication services. Bell Media Inc. is a diversified Canadian multimedia company that holds assets in TV, radio, digital media and out-of-home advertising.
MTS is Manitoba’s leading information and communications technology provider. MTS is dedicated to delivering a full suite of services for Manitobans – Internet, wireless, TV, phone service and security systems plus a full suite of information solutions, including unified cloud and managed services.
McCarthy Tétrault LLP is advising BCE with a team consisting of Rob Hansen, Garth Girvan, Grant Buchanan, Fraser Bourne, Mason Gordon, Fréderic Harvey, Michele Lefaivre, Hadrien Montagne, Isabelle Nazon and Ryan Rabinovitch.