MTS Allstream Signs Catalyst Accord
Joins Catalyst in calling for more women as directors on boards
Stock Symbol: MBT
WINNIPEG, June 4, 2012 /CNW/ - Manitoba Telecom Services Inc. (MTS Allstream) today joined Catalyst in its call to action for Canadian corporations to increase the overall proportion of board seats held by women.
By signing the Catalyst Accord, MTS Allstream confirmed its long-standing practice of supporting and advancing successful women executives.
"Recognizing and advancing talented women is not only the right thing to do, it is good for business," said Pierre Blouin, Chief Executive Officer, MTS Allstream. "Our long-standing and awarded success as a diverse employer allows us to leverage a wide range of talents and perspectives within our senior management team. Continuing to have women properly represented as our corporate directors will ensure similar benefits are extended into our shareholders' boardroom." Currently, three of the ten directors on the MTS Allstream board (30 per cent) are women.
"We are pleased that MTS Allstream has joined the Catalyst Accord," said Deborah Gillis, Senior Vice President, Membership & Global Operations, Catalyst. "By stepping up and showing leadership in this public pledge to support board diversity, MTS Allstream is also following smart business practices. There is compelling research that gender diversity can benefit corporate decision-making, and recruiting women with the right skills helps shape stronger companies."
Manitoba Telecom Services Inc. (MTS Allstream)
MTS Allstream is one of Canada's leading national communication solutions companies, providing innovative communications for the way Canadians live and work today. The Company has more than 100 years of experience, with 5,500 employees across Canada. MTS Allstream's business is dynamic and consists of two operating divisions. In Manitoba, MTS is the leading full-service telecommunications provider for residential and business customers. MTS's suite of services include the latest in wireless technology, broadband services, IPTV, voice services, home security, and an extensive range of business solutions. Across Canada, Allstream is a leader in IP communications and is the only national provider that focuses exclusively on the business telecommunications market. MTS Allstream has nearly two million customer connections spanning business customers across Canada and residential consumers throughout the province of Manitoba. The Company's extensive national fibre optic network spans more than 30,000 kilometres. MTS Allstream has spent 11 consecutive years on the Jantzi Social Index for leadership in social responsibility and is the recipient of the 2011 Governance Gavel Award from the Canadian Coalition for Good Governance, recognizing clear and effective public disclosure and leading governance practices. MTS Allstream's common shares are listed on the TSX (trading symbol: MBT). Customers, stakeholders and investors who want to learn more about MTS Allstream are encouraged to visit: www.mtsallstream.com. For more information about MTS's products and services, please visit www.mts.ca. For more information about Allstream's products and services, please visit www.allstream.com.
Forward-looking Statements Disclaimer
This news release includes forward-looking statements and information (collectively, the "statements") about the Company's corporate direction, business opportunities, operations, financial objectives and future financial results and performance that are subject to risks, uncertainties and assumptions. As a consequence, actual results in the future may differ materially from any conclusion, forecast or projection in such forward-looking statements. Therefore, forward-looking statements should be considered carefully and undue reliance should not be placed on them. Examples of statements that constitute forward-looking information may be identified by words such as "believe", "expect", "project", "should", "anticipate", "could", "target", "forecast", "intend", "plan", "outlook", "see", "set", "pending", and other similar terms.
Factors that could cause anticipated opportunities and actual results to differ materially include, but are not limited to, matters identified in the "Material assumptions" section below, the "Risks and uncertainties" section, elsewhere in the Company's 2011 Annual MD&A and 2011 Annual Information Form, all of which are available on SEDAR at www.sedar.com.
Please note that forward-looking statements reflect Management's expectations as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.For further information:
MTS Allstream Investor Relations