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CANADIAN INDUSTRY ONLINE - FEBRUARY / MARCH 2012
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 telecom-
munications provider for resi-
dential 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, All-
stream 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 com-
pany’s extensive national f ibre
optic network spans more than
30,000 kilometres. MTS All-
stream has spent 11 consecutive
years on the Jantzi Social Index
for leadership in social responsi-
bility and is the recipient of the
2011 Governance Gavel Award
from the Canadian Coalition of
Good Governance, recognizing
clear and effective public
disclosure and leading gover-
nance practices. MTS Allstream’s
common shares are listed on the
TSX (trading symbol: MBT).
Customers, stakeholders and
time, the Company indicated
that it had received external
legal advice conf irming that key
aspects of the decision were
f lawed and presented strong
grounds for appeal. The Court
of Appeal has ruled against the
plaintiffs and for the Company
and has dismissed all cross-ap-
peals raised by the plaintiffs.
The decision of the trial judge
that the Company may be
required to pay additional funds
estimated previously of up to
$100 million was set aside. As a
result, there will be no changes
to the Company’s expected
future funding requirements or
any other aspects of the MTS
Pension Plan.
“We are pleased that this issue
is now resolved, as the judgment
aff irms what we have said over
the past number of years. We
look forward to putting this
behind us,” said Pierre Blouin,
MTS Allstream’s Chief Executive
Off icer. “We regret that this
process has taken over a decade
to resolve and has been very
costly for ourselves, our retirees
and our unions. Nevertheless,
MTS pension plans have always
been, and continue to, remain
strong.”
Over the years, the Company
has remained committed to
funding this plan, and contrib-
uted and made commitments of
approximately $540 million to
this MTS pension plan, over $400
million of which has already been
paid in cash. Employee contribu-
tions over the same period
totalled $144 million.
A copy of the of the Court’s
decision is available on MTS
Allstream’s website. Please click
here to view the decision.
MANITOBA TELECOM SERVICES
INC. (MTS ALLSTREAM)
MTS Allstream is one of
Canada’s
leading
national
communication solutions com-
panies, providing innovative
communications for the way
Canadians live and work today.
NEWS