Manitoba Telecom Services Inc. (TSX:MBT) has announced the dissolution of a consortium with the Canada Pension Plan Investment Board and Blackstone Capital Partners which had been established in March to bid in this week's advanced wireless services spectrum auction.
"MTS Allstream remains qualified to bid as a new entrant and is the sole beneficial owner of the numbered company previously registered by the consortium," the company said.
CEO Pierre Blouin said MTS, the CPP board and Blackstone continue to see a sound business case for a new entrant in Canada's national wireless-phone market, "but at the end of the day we could not reach agreement on a handful of key issues."
