MTS and Zayo Moving to Close Transaction
January 11 2016 - 7:30AM
Business Wire
Manitoba Telecom Services Inc. (TSX: MBT) (“MTS”), and Zayo
Group Holdings, Inc. (NYSE: ZAYO), today announce that given the
satisfaction of certain conditions to closing as set out in the
Share Purchase Agreement dated November 20, 2015 in respect of the
sale of Allstream, the parties are now moving to close the
transaction expeditiously.
About Zayo GroupZayo Group Holdings, Inc. (NYSE: ZAYO)
provides communications infrastructure services, including fiber
and bandwidth connectivity, colocation and cloud services to the
world’s leading businesses. Customers include wireless and wireline
carriers, media and content companies and finance, healthcare and
other large enterprises. Zayo’s 92,000-mile network in the U.S. and
Europe includes extensive metro connectivity to thousands of
buildings and data centers. In addition to high-capacity dark
fiber, wavelength, Ethernet and other connectivity solutions, Zayo
offers colocation and cloud services in its carrier-neutral data
centers. Zayo provides clients with flexible, customized solutions
and self-service through Tranzact, an innovative online platform
for managing and purchasing bandwidth and services. For more
information, visit zayo.com.
About MTSMTS (TSX:MBT) is Manitoba’s leading
communications and information solutions company, connecting people
and places with wireless, high-speed Internet, TV, home phone and
security services. MTS also offers a full suite of business
solutions, including information technology, data storage and cloud
computing through EPIC Information Solutions and MTS Data Centres.
Founded more than a century ago and deeply rooted in the community,
MTS provides grants, scholarships, sponsorships and volunteer
support to youth-serving organizations across the province through
MTS Future First. For more on MTS’s products and services, visit
mts.ca.
About Allstream Inc.Allstream is a Canadian leader in IP
communications and the only national provider that works
exclusively with business customers. Supported by its more than
30,000-kilometre nationwide high-performance fiber-optic network,
Allstream’s communications technologies and services include a
range of innovative, highly-scalable IP, Cloud and Security
solutions that help organizations communicate more efficiently and
profitably. Allstream is recognized for offering solutions that its
competitors will not and for delivering the best customer
experience among national providers. For more information on
Allstream’s products and services, visit allstream.com.
Forward Looking StatementsThis press release contains a
number of forward-looking statements. Words, and variations of
words such as "believe," "expect," "plan," "continue," "will,"
"should," and similar expressions are intended to identify our
forward-looking statements. No assurance can be given that future
results expressed or implied by the forward-looking statements will
be achieved and actual results may differ materially from those
contemplated by the forward-looking statements. These
forward-looking statements involve risks and uncertainties, many of
which are beyond our control. There are no assurances that closing
of the sale transaction will occur. For additional information on
these and other factors that could affect our forward-looking
statements, see Zayo’s risk factors, as they may be amended from
time to time, set forth in our Annual Report or Form 10-K filed
with the SEC on September 18, 2015, or MTS’s risk factors, as they
may be amended from time to time, set forth in our latest annual
and quarterly Management Discussion & Analysis. We disclaim and
do not undertake any obligation to update or revise any
forward-looking statement in this press release, except as required
by applicable law or regulation.
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version on businesswire.com: http://www.businesswire.com/news/home/20160111005486/en/
Zayo Group Holdings, Inc.Media:Shannon
Paulk, Corporate
Communications303-577-5897press@zayo.comorInvestors:Brad
Korch, Investor Relations720-306-7556IR@zayo.comorManitoba
Telecom Services Inc.Media:Melanie McKague,
Corporate Communications204
958-3230media.relations@mts.caorInvestors:Brenda
McInnes, Investor Relations204
941-6205investor.relations@mts.ca
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