Cindy Klassen is an Olympic hero after coming home from Turino with five medals but can she save Manitoba Telecom from its growing troubles after signing a multi-year endorsement deal with the Winnipeg-based apparently worth more than $1-million? The involvement of Klassen, a Winnipeg-native, can't hurt if it can help Manitoba Tel regain some of the luster it has lost in the past two years since the ill-fated $1.7-billion acquisition of Allstream. Then again, there may little that can stop the further erosion of Allstream's corporate telecom services business, which finds itself in a war against Rogers, Bell and Telus but without the finances resources to aggressively compete. In many markets, Allstream now finds itself the third option - not a great position in a business where margins are under pressure. Manitoba Tel doesn't appear to be thinking of selling Allstream after it unveiled a new organization structure that divides its business into two divisions: consumer and enterprise.
Tags: Cindy Klassen, Manitoba Telecom, Allstream
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Can Cindy Klassen Save Manitoba Tel?
by
Mark Evans
on Tue 28 Feb 2006 12:11 PM EST | Permanent Link
Comments
Re: Can Cindy Klassen Save Manitoba Tel?
by
Anonymous
on Tue 28 Feb 2006 04:53 PM EST | Permanent Link
You go girl! Go get their money, that is.
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