Months after announcing that BCE would acquire Manitoba Telecom Services (MTS) in May 2016 in a CAN$3.9 billion (US$3.0 billion) deal, Canadian federal regulators have finally granted approval for the deal. As part of the approval, the new Bell MTS will have to make several concessions:
- Bell MTS will transfer 40 MHz of spectrum from the 700 MHz, AWS-1 and 2500 MHZ wireless bands to Woodstock, N.B.-based satellite internet provider Xplornet Communications Inc. It will also transfer 24,700 wireless customers and six total retail outlets to Xplornet once it launches its mobile wireless service in Manitoba.
- Xplornet is also to receive transitional remedy network access from Bell MTS in urban areas for three years and other operational support as it builds out its own network.
- Bell will divest to Telus Corp. about one-quarter of MTS postpaid subscriber for proceeds of about CAN$300 million and 13 MTS retail locations.