Transactions & Cases Detail
BCE announces agreement to acquire Manitoba Telecom Services (MTS) for C$3.9B
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.