TORONTO & BOULDER, Colo.--(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 Group
Zayo 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 MTS
MTS (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 Statements
This 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.