Market Insight

BCE and Manitoba Telecom Services deal approved by federal regulators after concessions made

February 16, 2017  | Subscribers Only

Abel Nevarez Abel Nevarez Research Analyst II, Mobile and Telecoms
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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.

Bell Canada MTS (Canada)
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