|Topic Review (Newest First)|
|2017-11-07 02:59 PM|
Bell MTS moving forward in Manitoba
|2017-06-13 10:22 PM|
I just visited the Telus link I posted earlier and there is much more information available now, including one question I always had.
|2017-04-24 10:59 AM|
I visited the Telus web site last week for other reasons and got the following geo-targeted page for MB in preparation for some MTS wireless customers being transferred to Telus.
TELUS welcomes MTS customers to the family.
This isn't mentioned in the FAQ, but Bell & Telus share cell towers, so coverage will be the same or better for both MTS and Telus customers.
I already noticed the improvement on the weekend when I was talking to someone who has a Telus cell phone. The voice quality has always been overly compressed, but yesterday they must have been on an MTS tower because the quality was almost indistinguishable from land-line quality.
|2017-03-18 12:11 PM|
I can't explain why the MTS share price traded above $40. If you didn't already surrender your shares, you would get the cash and BCE stock in the proportion you listed. BCE closed at $58.30, so $20.3977 + 0.3311 x $58.30= $39.70. The price of the BCE stock you get will continue to fluctuate, like any other stock.
I don't understand why the MTS stock traded above $39.70 unless Bell is buying up any remaining stock at a small premium to save the administrative cost of issuing the cheques and small odd-lot share allocations.
MTS shares will be delisted from the Toronto Stock Exchange (TSX) effective on March 20, 2017, so they won't be traded after that date.
|2017-03-18 11:00 AM|
Dr. Dave seems to have a good understanding of how the market price of MTS shares are affected by this deal. I don't.
MBT closed yesterday at $40.37.
The announcement says: $20.3977 in cash and 0.3311 of a BCE share. BCE closed at $58.30 but the announcement says they will use the 20 day volume weighted price as of Apr 29, 2016, which was $58.21.
Therefore $20.3977 + 0.3311 x $58.21 = $40.00
So where did the market price of $40.37 come from?
|2017-03-17 11:00 AM|
Excerpts from Press Release:
BCE completes acquisition of Manitoba Telecom Services: Bell MTS launches in Manitoba today, activates province-wide investment and innovation plan
Bell today announced the launch of Bell MTS following the completion of its acquisition of Manitoba Telecom Services (MTS). Uniting the local and national strengths of MTS and Bell Canada, the new Bell MTS will bring unprecedented investment and innovation in broadband communications to Manitoba, including the rollout of next-generation Fibe services and Canada's fastest-ranked wireless network.
Bell MTS will roll out a 5-year, $1 billion broadband network expansion plan for Manitoba's cities, traffic corridors, rural locations and remote communities. Winnipeg will also serve as Bell's headquarters in Western Canada.
Bell MTS will be led by Dan McKeen, Vice Chair, Bell MTS & Western Canada, who will also continue to serve in a national role as Senior VP, Small Business.
A Bell executive experienced in operational integration and the efficient delivery of broadband services to urban, rural and remote communities alike, Mr. McKeen was most recently Bell's Vice Chair, Bell Aliant. He was appointed in 2014 to lead the successful integration of Bell Aliant, the #1 communications services provider in New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island, into Bell's national operations.
"I'm excited to announce that we've successfully delivered our first Bell MTS infrastructure project today: New 4G LTE wireless service for the town of Churchill," said Mr. McKeen...will soon be connected with new broadband fibre connections. It's a great example of the Bell MTS plan to efficiently deliver the outstanding TV, Internet, mobile and business services to Manitobans."
Bell MTS will introduce the superior Fibe TV experience, the fastest Internet with Gigabit Fibe, the fastest-ranked 4G LTE wireless available, Bell Media's popular CraveTV, and the most extensive national data hosting, connectivity and cloud services for government and business customers.
As part of its launch plan, Bell MTS will maintain current MTS wireless price plans for at least 12 months from today. Integrating operations at a total of 69 Bell and MTS retail stores across the province, Bell MTS will offer the full range of MTS and Bell wireless, TV, Internet and home phone services. That includes MTS Ultimate TV and Bell Satellite TV, as well as enhanced services like Fibe TV and Fibe Internet, and exclusive products like the Wireless 4K PVR and the HomeHub 3000 residential gateway as they become available. Bell MTS wireless services will also become available at The Source, Tbooth wireless and WirelessWave locations throughout Manitoba.
Starting today, CraveTV is available to MTS Ultimate TV subscribers who can sign up for Canada's fast-growing video streaming service and get the first 30 days free.
In addition to Churchill, which will also be connected with Gigabit Fibe Internet and Fibe TV services, Bell MTS has announced these initial projects in its Manitoba capital investment program:
|2017-03-17 11:00 AM|
I got the following popup when I visited the MTS site today:
Together Bell and MTS - now called Bell MTS in Manitoba - will invest $1 billion over 5 years in the province and will amongst other things:
Summary of the FAQ:
There are no changes to the terms of your service or your account numbers.
There is no change to the rates that you currently pay for your services or your agreement. Also, your bill date and the way you receive and pay your bill stays the same.
Who do I call if I have any questions about my service? There is no change. You can contact MTS at 204 225-5687 or visit an MTS store.
For your wireless service, you now have access to Canada’s fastest ranked and largest network when travelling across the country.
|2017-03-12 05:15 PM|
I decided to post this here because some MTS shareholders may receive some BCE shares and be confused by the TRC Capital offer and not realize they are being ripped off. I did a quick search and found lots of examples of TRC Capital "mini-tender" offers at below market price and the timing certainly seems to coincide with the sale of MTS.
Summary: TRC Capital Corporation has made an unsolicited mini-tender offer to purchase BCE shares at a price of $56 per share, which is below market price for BCE shares. The offer represents a discount of 3.48% on the TSX closing price on March 7, 2017, the last trading day before the mini-tender offer was commenced.
Press Release: BCE recommends shareholders reject TRC Capital's "mini-tender offer"
|2017-03-05 11:25 AM|
There is a summary in the previous link under "Election of Consideration" - MTS shareholders may choose (i) cash $40.00 or (ii) 0.6756 of a BCE common share for each MTS common share. BCE will split the purchase 45% in cash and 55% in BCE shares, and therefore shareholders may ultimately receive a combination of cash and BCE common shares.
The BCE price on Mar. 3 was $57.98, which works out to $39.17 per MTS share. If everyone chooses cash, people will get 55% in BCE shares, which are worth less than $40 equivalent.
Some people may choose BCE shares because they can defer the capital gains tax until they sell the BCE shares.
|2017-03-05 10:59 AM|
Can someone explain why the market price of MBT closed at $39.26 on Friday, when there is a guaranteed, gov't approved buyout happening on Mar 17 at $40.00? Why would anyone be willing to sell their shares at a 1.85% discount?
|2017-03-03 07:45 PM|
|Dr.Dave||MTS President and CEO Jay Forbes to leave company upon expected close of transaction with Bell|
|2017-02-23 01:47 PM|
|gordon1111||Everyone got that letter. That letter is irrelevant I don't think we will know until after the deal is done.|
|2017-02-23 01:20 PM|
|vjose32||I guess i'm not one of those customers as I can the letter saying I was being transferred to another Bell/MTS entity.|
|2017-02-15 12:45 PM|
ISED press release highlights:
Statement - Manitoba consumers get more choice with approval of Bell-MTS deal
As part of this deal, ISED has approved the transfer of MTS's spectrum licences to Bell and Xplornet Communications Inc. Xplornet has announced it will expand into mobile wireless service for the first time.
To acquire MTS, Bell must sell assets and provide services to Xplornet - Competition Bureau
|2017-02-15 10:46 AM|
Highlights of Bell press release:
Bell acquisition of MTS receives final regulatory approvals from ISED and Competition Bureau, transaction set to close on March 17
BCE and MTS today welcomed approval by Innovation, Science and Economic Development Canada (ISED) and the Competition Bureau of Bell's $3.9 billion acquisition of MTS. Bell has now obtained all regulatory approvals required to complete the transaction and launch Bell MTS on March 17, 2017.
"...Bell MTS is also announcing today that we will maintain current MTS wireless price plans for at least 12 months after the closing of the acquisition," said George Cope, President and CEO of BCE and Bell Canada. Bell MTS plans to invest $1 billion over the next 5 years to enhance broadband networks and services in Manitoba, including the introduction of Gigabit Fibe Internet, Fibe TV and Bell's LTE wireless network.
Bell and MTS have agreed to transfer to Xplornet Communications Inc. a total of 40 MHz of 700 MHz, AWS-1 and 2500 MHz wireless spectrum currently held by MTS, which has also been approved by ISED; 24,700 wireless customers once Xplornet launches its mobile wireless service; and 5 retail outlets in Winnipeg and 1 in Brandon. Xplornet will receive transitional remedy network access from Bell MTS in urban areas of Manitoba for 3 years and other operational benefits as Xplornet builds out its own wireless network in Manitoba. Financial terms of these transactions will not be disclosed.
Bell will divest to TELUS approximately one-quarter of MTS postpaid subscribers, for total proceeds of approximately $300 million, subject to final adjustments, and 13 MTS retail locations following the completion of the Bell MTS transaction.
Bell MTS will operate a total of 69 retail locations offering wireless and wireline services across the province; MTS products will be available for the first time in Bell, The Source, Tbooth wireless and WirelessWave locations.
Bell Media's fast-growing CraveTV video streaming service will be available to MTS TV customers as well as Internet subscribers.
The MTS press release contains info for MTS shareholders:
BCE acquisition of MTS set to close March 17, 2017 with today's receipt of final regulatory approvals
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