GTCR-backed Zayo to acquire Allstream from MTS for $465 mln

Manitoba Telecom Services Inc (MTS) has agreed to sell its subsidiary Allstream Inc, a provider of bandwidth and telecom services to enterprise and public sector customers in Canada, to Zayo Group Holdings Inc (NYSE: ZAYO). The all-cash deal, valued at $465 million, is expected to close in the first quarter of 2016. Zayo, a communications infrastructure services business, said the acquisition provides it with extensive intercity and metro fiber assets located throughout Canada. Based in Boulder, Colorado, Zayo is a portfolio investment of U.S. private equity firm GTCR.

DealsCanadaNorth AmericaBriefs