BCE to sell one-third of MTS wireless subscribers to TELUS
BCE Press Releases: BCE announces agreement to acquire Manitoba Telecom Services (MTS)
BCE to sell a portion of MTS wireless subscribers and assign certain dealer locations to TELUS
Bell today announced that it will divest one-third of the postpaid wireless subscribers of MTS to TELUS following the completion of Bell's acquisition of MTS announced earlier today. As part of the transaction, Bell will also assign one-third of MTS dealer locations in Manitoba to TELUS.
"This transaction with TELUS enhances wireless competition to the benefit of Manitobans while reducing the cost of our acquisition of MTS," said George Cope, President and CEO of BCE and Bell Canada.
The Bell-TELUS transaction is subject to regulatory approvals and customary closing conditions. The Bell-MTS transaction is not conditional on completion of the Bell-TELUS transaction.