BCE closes acquisition of Manitoba Telecom Services (MTS) for C$3.9B
March 17, 2017
3.90 Billion CAD
On March 17, 2017, BCE Inc. (Bell) closed its acquisition of Manitoba Telecom Services (MTS). Uniting the local and national strengths of MTS and Bell Canada, the new Bell MTS will bring unprecedented investment and innovation in broadband communications to Manitoba, including the rollout of next-generation Fibe services and Canada's fastest-ranked wireless network. The transactions was valued at approximately C$3.9 billion and completed through a plan of arrangement.
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 advised BCE with a team consisting of Rob Hansen, Garth Girvan, Grant Buchanan, Fraser Bourne, Ron Mar, Robert Nearing, Michele Lefaivre, Hadrien Montagne, and Isabelle Nazon