Removing foreign investment restrictions presents opportunity for Canada to
lead in digital economy
MTS Allstream CEO addresses 2010 Canadian Telecom Summit
Stock Symbol: MBT
TORONTO, June 8 /CNW/ - MTS Allstream CEO Pierre Blouin addressed the 2010 Canadian Telecom Summit today, outlining the critical opportunities the Federal Government needs to seize in order to move the country forward. In particular, Mr. Blouin touched on the positive efforts by the Industry Minister to remove barriers to global investment in Canadian telecommunications.
"A strong digital economy will be the backbone of Canada's future prosperity and success," Mr. Blouin said in his remarks. "The world isn't standing still. Countries and companies are investing in new technologies and capabilities. And they are putting in place - or put in place a long time ago - the policy frameworks needed to encourage investment, facilitate competition and reward innovation."
In his remarks, Mr. Blouin highlighted how the removal of restrictions on global investment can benefit Canada's position relative to its competitors elsewhere in the world, help create jobs, spur innovation and provide a competitive telecommunications infrastructure to support the nation's economy in the future. A full copy of the speech, entitled "Opportunity for Canada: Investment, Competition and Leadership in the Digital Economy" is available at www.mtsallstream.com.
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.
For further information: Media: Greg Burch, MTS Allstream Corporate Communications, (204) 612-1747, [email protected]; Investors: Paul Peters, MTS Allstream Investor Relations, (204) 941-6178, [email protected]
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