TORONTO – MTS Allstream has sold its non-telecom IT consulting business to PricewaterhouseCoopers Canada as part of its strategy to focus on its core telecom delivery and service business. Financial terms of the deal were not disclosed.
As part of the transaction, the companies have also struck an alliance whereby PwC customers looking for communications solutions services will be referred to MTS Allstream, and MTS Allstream customers requiring a non-telecom IT consulting group will be referred to PwC.
"This transaction represents a renewed focus on our core business offerings like Unified Communications and Converged IP Services – key areas of growth for MTS Allstream," said president Dean Prevost, in a statement. "As customers continue to migrate to IP-based services, we are refining our market focus to create more innovative IP solutions while reducing our cost structure yet allowing for IT consulting to remain part of our broader toolkit for customers.”
The transaction is expected to close on January 31, 2010, and the companies said that they expect “a seamless transition” over the next six months.
