Stock Symbol: MBT
WINNIPEG, May 6 /CNW/ - Manitoba Telecom Services Inc. (the "Company" or "MTS Allstream") , held its annual general and special meeting of shareholders today, where the election of directors occurred and the Board of Directors announced the retirement of director and former Chairman Thomas E. Stefanson. Pierre Blouin, Chief Executive Officer, addressed the Company's performance and priorities.
"Where it counts, for the products that will be the foundation of our business in the future - broadband, wireless, television and converged IP - MTS Allstream delivered solid growth," said CEO Pierre Blouin, who also discussed certain regulatory developments that may provide future opportunities for the Company. "We welcome the Federal government's announcement that it intends to lift the restrictions on foreign investment applicable to telecommunications companies. We see the elimination of the foreign investment restrictions as a key ingredient to building a truly innovative, competitive and productive digital economy."
In his address Mr. Blouin also talked about the Company's focus on targeted wireline and wireless network expansion, about MTS's leading position in the Manitoba market, about Allstream's opportunity to gain market share nationally, and continuing to deliver the best customer experience nationally.
Thomas E. Stefanson retired from the Board of Directors after 21 years of service, including 20 as Chairman, and his contribution was acknowledged by Mr. Blouin and David Leith, who succeeded Mr. Stefanson as Chair of the Board in January of this year. In addition to the Chair, Mr. Leith, the returning members of the Board were Pierre Blouin, Jocelyne M. Côté-O'Hara, N. Ashleigh Everett, The Honourable Gary A. Filmon, Gregory J. Hanson, Kishore Kapoor, Donald H. Penny, D. Samuel Schellenberg and Carol M. Stephenson.
In addition, Deloitte & Touche LLP was reappointed as the auditors of the Company. As well, certain housekeeping amendments to the Company's by-laws were confirmed. Additional information on the business of the meeting is contained in the company's Management Proxy Circular, which was filed and mailed to shareholders on April 1, 2010.
For more information on the annual general meeting and a copy of the Chair's and CEO's remarks, visit the investors section of www.mtsallstream.com.
About Manitoba Telecom Services Inc.
Manitoba Telecom Services Inc., through its wholly-owned subsidiary MTS Allstream Inc., is one of Canada's leading national communication solutions companies, providing innovative communications for the way Canadians want to live and work today. The Company has more than 100 years of experience, with 6,000 employees across Canada dedicated to a mission of delivering true value as seen through the eyes of our customers. MTS Allstream has nearly two million total customer connections spanning business customers across Canada and residential consumers throughout the province of Manitoba. The Company's extensive national broadband and fibre optic network spans almost 30,000 kilometres. MTS Allstream is a proud sponsor of Cindy Klassen, 2006 World Champion and Canada's greatest Olympian, and a proud contributor to the Canadian Museum for Human Rights. Manitoba Telecom Services Inc.'s common shares are listed on the Toronto Stock Exchange (trading symbol: MBT). Customers, stakeholders and investors who want to learn more about MTS Allstream services, markets, community commitments and record of creating shareholder value are encouraged to visit: www.mtsallstream.com.
SOURCE MTS Allstream
For further information: For further information: Media: Greg Burch, MTS Allstream Corporate Communications, (204) 941-8576, (416) 345-3576, firstname.lastname@example.org; Investors: Paul Peters, MTS Allstream Investor Relations, (204) 941-6178, email@example.com