Pending sale? MTS Allstream announces strategic review of business

WINNIPEG - Manitoba Telecom Services Inc. and its Board of Directors have announced a wide-ranging strategic review of its Allstream business division, a strong sign that it is positioning itself for a sale. The company indicated in a news release Thursday that legislative changes by Ottawa that allow increased foreign investment in smaller telecommunications companies are a “positive development” that will “strengthen the Canadian economy.” As a result the company says it will “consider a full range of alternatives that could be undertaken to further enhance Allstream's growing competitiveness, which in turn could improve the long-term position of the company's...