New high reliability broadband service within reach of more than 300,000 Canadian businesses when fully deployed
TORONTO and VANCOUVER, Jan. 21 /CNW/ - MTS Allstream Inc. ("MTS Allstream"), a subsidiary of Manitoba Telecom Services Inc. (TSX: MBT) and Radiant Communications Corp. (TSX-V: RCN) today announced that the two companies have entered into a Broadband Network Investment Agreement. The agreement enables both companies to provide reliable, next generation, high capacity broadband services to Canadian businesses.
"This new service agreement with MTS Allstream will allow more than 300,000 Canadian businesses to benefit from bandwidth intensive IP-based data communications allowing them to compete more effectively," said David Buffett, President and CEO of Radiant. "This agreement supports our stated strategy of growing our portfolio of services and partnering with industry-leading companies to expand our addressable market."
The long term Network Investment Agreement outlines how Radiant and MTS Allstream will combine resources to offer a new type of broadband service to businesses. More than 300,000 Canadian business locations across the country will be within the planned service area once the technology is fully deployed. The new services from Radiant and MTS Allstream will allow businesses to cost effectively move up from traditional T1 and DSL services to the type of speed and reliability that today is only available to extremely large users connected to fibre networks. The services will facilitate the transition to cloud-based applications, new inexpensive voice services, remote back up and disaster recovery protection, and off site server capacity. This unique and innovative broadband service, proven in Europe, Australia, and the US, delivers higher bandwidth speeds at lower costs to businesses in major metropolitan centres.
"Through this strategic and efficient investment with Radiant that substantially extends our broadband network footprint, we will be able to serve the needs of many Canadian businesses for services which require high bandwidth delivered in an economical fashion. This innovative approach allows MTS Allstream to improve its self supply Ethernet capability to its business customers of all sizes," said Dean Prevost, President, Allstream.
Radiant and Allstream have a deployment plan in place with service available in the Toronto and Vancouver markets in January 2010 and extending nationally throughout the year.
ABOUT MTS ALLSTREAM
MTS Allstream is a wholly-owned subsidiary of Manitoba Telecom Services Inc. As one of Canada's leading national communication solutions companies, MTS Allstream provides 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.
ABOUT RADIANT COMMUNICATIONS
In operation since 1996, the company currently serves over 20,000 business locations in Canada and the United States from its offices in Vancouver, Toronto, Montreal, Calgary, and Edmonton. Headquartered in Vancouver, Canada, Radiant Communications (www.radiant.net) provides businesses across Canada with the most comprehensive and innovative suite of data communications and cloud computing services: the largest on-net DSL footprint across Canada & the US, T1 and E10/E100 fibre broadband, MPLS private networking, and AlwaysThere Cloud Computing services. Over 40% of Canada's largest retail chains and thousands of other small- to mid-sized businesses depend on Radiant solutions for their mission-critical data networks and enterprise-level applications.
Broadband Solutions for Business and AlwaysThere are registered trademarks of Radiant Communications Corp. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.
This press release may contain forward-looking statements, including statements regarding the business and anticipated financial performance of Radiant and MTS Allstream, which involve risks and uncertainties. These risks and uncertainties may cause Radiant and MTS Allstream's actual results to differ materially from those contemplated by the forward-looking statements. Factors that might cause or contribute to such differences include, among others, competitive pressures, the growth rate of the Internet and telecommunications concerns, constantly changing technology and market acceptance of Radiant and MTS Allstream's products and services. Investors are also directed to consider the other risks and uncertainties discussed in Radiant's and MTS Allstream's required financial statements and filings. All other companies and products listed herein may be trademarks or registered trademarks of their respective holders.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Radiant Communications Corp.
For further information: For further information: MTS Allstream, Media: Greg Burch, MTS Allstream Corporate Communications, (416) 345-3576, (204) 941-8576, email@example.com; Investors: Paul Peters, MTS Allstream Investor Relations, (204) 941-6178, firstname.lastname@example.org; Radiant, Investors and Media: Chuck Leighton, CFO, Radiant, (604) 692-4531, email@example.com; David Feick, Investor Relations, The Equicom Group, (403) 218-2839, firstname.lastname@example.org