WINNIPEG – MTS Allstream has launched its new ‘Internet To Go’ plan, giving its residential and business high-speed Internet customers unlimited access to Wi-Fi and evolution data optimized (EVDO), where coverage exists, across Canada.
"The new MTS Internet To Go plan is a convenient option for anyone working or vacationing in the city or rural areas where Wi-Fi or EVDO are offered,” said Stan Kurtas, vice president of marketing, in the announcement. “This is another example of MTS’s ongoing commitment to offer customers converged services, allowing them to enjoy the size, strength and reliability of both our wireless EVDO and Internet networks."
In other news, the company is offering $350 million in medium term notes, in two tranches. The first tranche of $100 million 5.05% notes will be due May 11, 2012, and a second tranche of $250 million 6.65% notes will be due May 11, 2016.
"The successful launch of this offering speaks to the strength of our financial profile," said CEO Pierre Blouin, in the announcement. "This is yet another example of the stability of our operational performance and our balance sheet, which compares favourably with other Canadian telecommunications providers, and illustrates our ongoing ability to access capital."
The net proceeds of the offering will be used to refinance upcoming long term debt maturities and to reduce its short term debt, the announcement detailed.
