MTS reports Q2 2016 results, provides update on BCE purchase

Still waiting on regulatory approvalsWINNIPEG — With the release of its second quarter 2016 financial results late Wednesday afternoon, Manitoba Telecom Services (MTS) took the opportunity to update the investment community about its pending acquisition by BCE Inc. and its ongoing transformation efforts.Since the announcement on May 2 that BCE intended to purchase MTS, the Manitoba telco received almost unanimous shareholder approval for the acquisition at a special MTS shareholder meeting held on June 23, and subsequently received approval from the Manitoba Court of Queen’s Bench on June 29.“The overwhelming support shown by our shareholders in voting for the BCE...