Stock Symbol: MBT
MTS Allstream today said that its focus on expanding its IP fibre network into targeted markets across Canada continued to generate strong new sales wins with 48 new IP contracts signed in the first quarter of 2011.
“It has been a full year since we started to aggressively focus on building out Allstream’s IP fibre network and the number of new IP contracts we are winning in connection with this initiative demonstrate that it was the right strategy to pursue,” said Dean Prevost, President of Allstream.
In support of its objectives of winning high-margin on-net business and driving growth in IP services – the fastest growing segment of the business telecom market – in March 2010 Allstream launched a program to expand its IP fibre access into multi-tenant buildings across Canada. Since the initiative started twelve months ago, Allstream has extended fibre into 141 new multi-tenant fibre-fed buildings on a cost-effective basis and won a total of 187 new IP contracts.
Some of the customers that signed contracts to connect to Allstream’s 30,000 kilometre IP fibre network include CCN Media, Gallium, Groundswell Group, Keel Cottrelle LLP, London X-Ray Associates, Manion Wilkins & Associates, Murata Power Solutions, Nobel Biocare, The Ontario Federation of Labour, Park Property Management, Polycor, Regulvar, The Logit Group, and Thornley Fallis Communications.
Allstream is Canada’s all-business communications provider, focusing and delivering on the business customer’s solutions. For more information on Allstream services and solutions, please visit http://www.allstream.com/.
Allstream is a division of MTS Allstream Inc., a wholly-owned subsidiary of Manitoba Telecom Services Inc. As one of Canada’s leading national communication solutions companies, MTS Allstream provides innovative communications for the way Canadians want to live and work today. The Company has more than 100 years of experience, with 5,500 employees across Canada dedicated to a mission of delivering true value as seen through the eyes of our customers. MTS Allstream has nearly two million total customer connections spanning business customers across Canada and residential consumers throughout the province of Manitoba. The Company’s extensive national broadband and fibre optic network spans almost 30,000 kilometres. Manitoba Telecom Services Inc.’s common shares are listed on Toronto Stock Exchange (trading symbol: MBT). Customers, stakeholders and investors who want to learn more about MTS Allstream are encouraged to visit: http://www.mtsallstream.com/.
Forward-looking Statements Disclaimer
This news release includes forward-looking statements and information (collectively, the “statements”) about our corporate direction, business opportunities, operations, financial objectives, planned activities, future financial results and performance that are subject to risks, uncertainties and assumptions. As a consequence, actual results in the future may differ materially from any conclusion, forecast, anticipation or projection in such forward-looking statements. Examples of statements that constitute forward-looking information may be identified by words such as “believe”, “expect”, “project”, “should”, “anticipate”, “could”, “target”, “forecast”, “intend”, “plan”, “outlook”, “see”, “set”, “pending”, and other similar terms.
Factors that could cause anticipated opportunities and actual results to differ materially include, but are not limited to, matters identified in the “Risks and Uncertainties” section and elsewhere in our most recent annual MD&A and any subsequent quarterly MD&As, as well as our most recent Annual Information Form, all of which are available on SEDAR at http://www.sedar.com/.
Please note that forward-looking statements reflect our expectations as at the date hereof. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by law.
For further information: Media: Selena Hinds, Corporate Communications, (416) 345-3576, (204) 941-8576, [email protected]; Investors: Paul Peters, Investor Relations, (204) 941-6178, [email protected]tream.com