Cable / Telecom News

MTS wins appeal of pension plan lawsuit

WINNIPEG - Manitoba Telecom Services Inc. (MTS) announced this past Friday that the Manitoba Court of Appeal has ruled in its favour, ending a 13-year-old battle between MTS Allstream pensioners and the company around the disposition of a $43-million pension surplus that existed when the company was sold to the public in an equity offering in 1997. MTS appealed the original court decision made back on January 19, 2010 based on external legal advice that key aspects of the decision were flawed and presented strong grounds for appeal. At the time the Court of Queen's Bench Justice Donald Bryk ruled...