MTS acquisition of Allstream completed TORONTO, June 4 /PRNewswire-FirstCall/ -- Allstream Inc. (TSX:ALR.A; ALR.B; NASDAQ: ALLSA; ALLSB ("the Company" or "Allstream") announced that Manitoba Telecom Services Inc. ("MTS") today completed its acquisition of Allstream Inc., in a transaction that has created a new formidable national provider with a strong platform for growth. As part of today's closing, MTS has acquired all of the Allstream Class A Voting and Class B Limited Voting Shares for exchange with MTS shares and cash. Allstream's shares are being delisted from the Toronto Stock Exchange and the NASDAQ National Market system. Allstream shareholders should contact their advisors for more information. Bell Canada has commenced a legal proceeding against Allstream Inc. claiming damages of $150 million from Allstream for conspiracy and inducing MTS to breach certain obligations to Bell Canada. MTS has advised Allstream that MTS will vigorously defend all of the Bell Canada legal proceedings. 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 division of MTS Allstream Inc., Canada's third largest communications provider with 7,000 dedicated employees focused on delivering outstanding value to its customers. For more information about MTS, please visit: http://www.mts.ca/. DATASOURCE: Allstream Inc. CONTACT: Media: May Chong, Allstream, (416) 345-2342, ; Investors and Analysts: Brock Robertson, (416) 345-3125, ; Dan Coombes, (416) 345-2326,

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