Restructuring costs eat in to Q4 results at MTS

WINNIPEG – After wrapping up the sale of its Toronto-based Allstream unit last month, MTS president and CEO Jay Forbes announced plans to use the sale proceeds to buy back $200 million worth of shares.“As we report our year-end results today, we are also announcing our plan for the use of proceeds from the sale of Allstream, one based on the evaluation of a number of capital allocation options we committed to consider when the sale was announced," Forbes said Thursday in a statement. "The planned use of proceeds will return value to shareholders, strengthen our balance sheet and improve...