Two bankers, Bruce Rothney and David Leith, were there for birth and sale of Manitoba Telecom

, Investment

The head office of MTS in Winnipeg. BCE Inc. has announced it is purchasing the telecom company in a deal valued at $3.9 billion.

The book ends are almost 20 years apart: in early January 1997, Manitoba Telecom Services Inc., completed its initial public offering via the sale of 70 million common Shares, priced at $13 a share. One month earlier the government announced the sale of its entire interest in the former Manitoba Telephone Company and made provisions to give residents of the province an “exclusive” opportunity to buy shares before the rest of the world.


One Comments

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