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M&A Deal Summary

BCE Acquires Manitoba Telecom Services

On May 2, 2016, BCE acquired communications company Manitoba Telecom Services for 3.9B USD

Acquisition Highlights
  • This is BCE’s 2nd transaction in the Communications sector.
  • This is BCE’s largest (disclosed) transaction.
  • This is BCE’s 6th transaction in Canada.
  • This is BCE’s 1st transaction in Manitoba.

M&A Deal Summary
Date 2016-05-02
Target Manitoba Telecom Services
Sector Communications
Buyer(s) BCE
Deal Type Add-on Acquisition
Deal Value 3.9B USD
Advisor(s) Barclays Investment Bank
CIBC Capital Markets
TD Securities (Financial)
Aikins MacAulay & Thorvaldson LLP
Stikeman Elliott (Legal)

Target

Manitoba Telecom Services

Winnipeg, Manitoba, Canada
Manitoba Telecom Services, Inc. is a communications company connecting people and places with wireless, high-speed Internet, TV, home phone, and security services plus a full suite of Information Solutions, including Unified Cloud and Managed Services. Company are proud to be Manitoba’s major information and communications technology provider.

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Buyer(S) 1

Buyer

BCE

Verdun, Quebec, Canada
Category Company
Founded 1880
Sector Communications
Employees45,132
Revenue 24.4B CAD (2024)
DESCRIPTION

BCE is a telecommunications company that provides a suite of broadband communication services to residential and business customers throughout Canada. BCE was incorporated in 1880 and is based in Verdun, Quebec.

DEAL STATS #
Overall 6 of 14
Sector: Communications M&A 2 of 5
Type: Add-on Acquisition M&A Deals 4 of 12
State: Manitoba M&A 1 of 1
Country: Canada M&A 6 of 13
Year: 2016 M&A 1 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-28 Glentel

Burnaby, British Columbia, Canada

Glentel is a mobile phone retailer in Canada. The company has three operating divisions - Canadian Retail, American Retail, and a business division.

Buy CA$670M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Q9 Networks

Toronto, Ontario, Canada

Q9 Networks, Inc. is a provider of outsourced data center infrastructure for mission-critical IT operations. Operates three state-of-the-art data centers in Ontario and Alberta, Canada. Headquartered in Toronto, ON.

Sell $675M
Mergr

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