Industry Canada

Industry Canada

October 07, 2013 19:21 ET

Statement by the Honourable James Moore on the Proposed Acquisition of the Allstream Division of Manitoba Telecom Services Inc. by Accelero Capital Holdings

OTTAWA, ONTARIO--(Marketwired - Oct. 7, 2013) - The Honourable James Moore, Minister of Industry, made the following statement today:

"The Government of Canada has concluded its review of Accelero Capital Holdings' proposed acquisition of the Allstream division of Manitoba Telecom Services Inc. (MTS) under the national security provisions of the Investment Canada Act. The result of this review is that the transaction will not proceed.

"MTS Allstream operates a national fibre optic network that provides critical telecommunications services to businesses and governments, including the Government of Canada."

For more information on the national security provisions of the Investment Canada Act, please visit: http://www.ic.gc.ca/eic/site/ica-lic.nsf/eng/h_lk00012.html

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Contact Information

  • Sebastien Gariepy
    Press Secretary
    Office of the Honourable James Moore
    Minister of Industry
    613-995-9001

    Media Relations
    Industry Canada
    613-943-2502
    1-800-328-6189
    media-relations@ic.gc.ca