Allstream receives final court order TORONTO, May 14 /PRNewswire-FirstCall/ -- Allstream Inc. (TSX:ALR.A; ALR.B; NASDAQ: ALLSA; ALLSB) announced today that the final order of the Ontario Superior Court of Justice (Commercial List) relating to the arrangement transaction (the "Arrangement") involving Allstream Inc. and Manitoba Telecom Services Inc. was granted today in Toronto, Ontario. The completion of the Arrangement is still expected to close some time in early June, subject to certain regulatory approvals under the Competition Act in Canada and by the Federal Communications Commission in the United States. As previously announced, the deposit date for holders of Allstream's Class A Voting and Class B Limited Voting Shares to submit completed letters of transmittal and Allstream share certificates in exchange for MTS shares and cash has been extended to May 27, 2004 from the initial deposit date of May 14, 2004. About Allstream Allstream is a leading communication solutions provider with a world-class portfolio of Connectivity, Infrastructure Management and IT Services. Focused on the Business market, Allstream collaborates with customers to create tailored solutions that meet their unique needs and help them compete more effectively. Spanning more than 18,800 kilometres, Allstream has an extensive broadband fibre-optic network and the greatest reach of any competitive communication solutions provider in Canada, and provides international connections through strategic partnerships and interconnection agreements with other international service providers. Allstream is a public company with its stock traded on the Toronto Stock Exchange under the symbols ALR.A and ALR.B and the NASDAQ National Market system under the symbols ALLSA and ALLSB. Visit Allstream's website, http://www.allstream.com/ for more information about the company. Note to Allstream Investors This news release includes statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, we claim the protection of the safe harbor for forward-looking statements provisions contained in the United States Private Securities Litigation Reform Act of 1995. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees. Discussion of the various factors that may affect future results is contained on page 1 of the Company's Annual Information Form dated April 8, 2004, which is filed with the Securities and Exchange Commission, the Ontario Securities Commission, and SEDAR. DATASOURCE: Allstream Inc. CONTACT: Media: May Chong, Allstream, (416) 345-2342, ; Investors and Analysts: Brock Robertson, (416) 345-3125, ; Dan Coombes, (416) 345-2326,

Copyright