MTS and Zayo Moving to Close Transaction

WINNIPEG and BOULDER, CO, Jan. 11, 2016 /CNW/ - Manitoba Telecom Services Inc. (TSX: MBT) ("MTS"), and Zayo Group Holdings, Inc. (NYSE: ZAYO), today announce that given the satisfaction of certain conditions to closing as set out in the Share Purchase Agreement dated November 20, 2015 in respect of the sale of Allstream, the parties are now moving to close the transaction expeditiously.

About Zayo Group
Zayo Group Holdings, Inc. (NYSE: ZAYO) provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud services to the world's leading businesses. Customers include wireless and wireline carriers, media and content companies and finance, healthcare and other large enterprises. Zayo's 92,000-mile network in the U.S. and Europe includes extensive metro connectivity to thousands of buildings and data centers. In addition to high-capacity dark fiber, wavelength, Ethernet and other connectivity solutions, Zayo offers colocation and cloud services in its carrier-neutral data centers. Zayo provides clients with flexible, customized solutions and self-service through Tranzact, an innovative online platform for managing and purchasing bandwidth and services. For more information, visit zayo.com.

About MTS
MTS (TSX:MBT) is Manitoba's leading communications and information solutions company, connecting people and places with wireless, high-speed Internet, TV, home phone and security services. MTS also offers a full suite of business solutions, including information technology, data storage and cloud computing through EPIC Information Solutions and MTS Data Centres. Founded more than a century ago and deeply rooted in the community, MTS provides grants, scholarships, sponsorships and volunteer support to youth-serving organizations across the province through MTS Future First. For more on MTS's products and services, visit mts.ca.

About Allstream Inc.
Allstream is a Canadian leader in IP communications and the only national provider that works exclusively with business customers. Supported by its more than 30,000-kilometre nationwide high-performance fiber-optic network, Allstream's communications technologies and services include a range of innovative, highly-scalable IP, Cloud and Security solutions that help organizations communicate more efficiently and profitably. Allstream is recognized for offering solutions that its competitors will not and for delivering the best customer experience among national providers. For more information on Allstream's products and services, visit allstream.com.

Forward-Looking Statements
This press release contains a number of forward-looking statements. Words, and variations of words such as "believe," "expect," "plan," "continue," "will," "should," and similar expressions are intended to identify our forward-looking statements. No assurance can be given that future results expressed or implied by the forward-looking statements will be achieved and actual results may differ materially from those contemplated by the forward-looking statements. These forward-looking statements involve risks and uncertainties, many of which are beyond our control. There are no assurances that closing of the sale transaction will occur.  For additional information on these and other factors that could affect our forward-looking statements, see Zayo's risk factors, as they may be amended from time to time, set forth in our Annual Report or Form 10-K filed with the SEC on September 18, 2015, or MTS's risk factors, as they may be amended from time to time, set forth in our latest annual and quarterly Management Discussion & Analysis. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.

SOURCE Manitoba Telecom Services Inc.

Zayo Group Holdings, Inc.: Media: Shannon Paulk, Corporate Communications, 303-577-5897, [email protected]; Investors: Brad Korch, Investor Relations, 720-306-7556, [email protected]; Manitoba Telecom Services Inc.: Media: Melanie McKague, Corporate Communications, 204-958-3230, [email protected]; Investors: Brenda McInnes, Investor Relations, 204-941-6205, [email protected]