Ottawa, October 7, 2013—The Honourable James Moore, Minister of Industry, made the following statement today:
"The Government of Canada has concluded its review of Accelero Capital Holdings' proposed acquisition of the Allstream division of Manitoba Telecom Services Inc. (MTS) under the national security provisions of the Investment Canada Act. The result of this review is that the transaction will not proceed.
"MTS Allstream operates a national fibre optic network that provides critical telecommunications services to businesses and governments, including the Government of Canada."
For more information on the national security provisions of the Investment Canada Act, please visit: http://www.ic.gc.ca/eic/site/ica-lic.nsf/eng/h_lk00012.html.
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For further information (media only), please contact:
Office of the Honourable James Moore
Minister of Industry