Allstream completes its  $1.7 billion sale to Manitoba Telecom

Date Closed: 6/04/2004

Value: $1.7 billion

On June 4, 2004, Manitoba Telecom Services Inc. (MTS) completed its acquisition of Allstream Inc. (formerly AT&T Canada) for approximately $1.7 billion, becoming Canada’s third-largest telecommunications company.

Allstream was represented with assistance from BLG. The BLG team included Francis Allen, Frank Callaghan and Dyana McLellan (corporate and securities), Frank Newbould, Q.C., and Benjamin Glustein (litigation) and Larissa Tkachenko (tax) in Toronto, and Richard Shannon and Frédéric Chatel (corporate) in Montreal.