Prestige Telecom undertakes strategic review

MONTREAL – Prestige Telecom has initiated a process to review “strategic alternatives” that could include financing opportunities, a recapitalization, a strategic partnering, or a merger or sale.With over 1,000 employees operating from 19 service locations across the country, Prestige provides network engineering, materials furnishing, installation and support services (commonly referred to as EF&I services) required to construct, operate and maintain wireline, wireless and cable television networks.In a statement on Monday, the company said that its strategic process is being initiated in the context of “(its) desire to review its capital structure” and may not result in any transaction. No updates...