Manitoba Telecom Services Completes Public Offering Of Common Shares

Manitoba Telecom Services Inc. (MTS) issued 8,855,000 common shares of MTS at a purchase price of $28.10 per common share, for aggregate gross proceeds of approximately $248.8 million.

The underwriting syndicate was co-led by CIBC World Markets Inc., and Scotia Capital Inc., and also included BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., National Bank Financial Inc., TD Securities Inc., Canaccord Genuity Corp., and GMP Securities L.P.

MTS was represented internally by Paul Beauregard, Chief Corporate and Strategy Officer and Corporate Secretary, as well as Melanie McKague, Senior Legal Counsel; and by Stikeman Elliott LLP with a team of Sean Vanderpol, Paul Rakowski and Frank Selke (corporate/securities) and Lindsay Gwyer (tax).

The underwriters were advised by Aikins, MacAulay & Thorvaldson LLP with a team of David Filmon and Richmond Bayes (corporate/securities) and Florence Carey (tax).

Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as US counsel with a team including Christopher Cummings, Ruthie Wahl and Emelia Baack (corporate and securities).

Lawyer(s)

Paul Rakowski Richmond J. Bayes David C. Filmon Florence I. Carey Paul A. Beauregard Sean Vanderpol Melanie McKague

Firm(s)

Stikeman Elliott LLP MLT Aikins LLP Paul, Weiss, Rifkind, Wharton & Garrison LLP