Manitoba Telecom Services is launching a strategic review of its Allstream business division, opening up the possibility of a sale. The company said recent changes by Ottawa to allow increased foreign investment in smaller telecommunications companies have created a "logical opportunity to consider a full range of alternatives that could be undertaken to further enhance Allstream's growing competitiveness."
Strategic reviews by companies are often a prelude to a sale or other transaction. MTS Allstream, which said the process will occur over the course of the coming year, has hired CIBC World Markets and Morgan Stanley as financial advisers for the review.
