Virtutone Announces Wholesale Update

Virtutone Networks Inc. ("Virtutone" or the "Company") (TSX Venture: VFX.V) is pleased to announce that its wholesale division generated over $3.7 million in revenue for the month of July.

"We are excited to share the results of this record month for Virtutone. We have been growing at a substantial rate, and generated more revenue in July than we did in all of last year. This revenue comes from ongoing relationships that we have developed with other telecommunication carriers. In addition, we're continually adding new carriers to our customer base, and expect our revenue growth to continue," said Jason Allen, Chief Executive Officer of Virtutone.

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MTS concludes strategic review process with agreement to sell Allstream to Accelero Capital in transaction valued at $520 million

Manitoba Telecom Services Inc. (TSX:MBT) (the "Company", including its two operating subsidiaries "MTS" and "Allstream") today announced the conclusion of the wide-ranging strategic review to consider a full range of alternatives to enhance Allstream's growing competitiveness and improve the long-term position of the Company's stakeholders.

Following a comprehensive auction process and a review of other strategic alternatives, the Company today announced that it has signed a binding agreement to sell its Allstream business to Accelero Capital Holdings S.ὰ r.l. Group ("Accelero"), an investment and management group focused on telecommunication, digital media and technology in a transaction that values Allstream at $520 million, subject to certain customary adjustments, including assumed debt obligations and normalized working capital, as well as certain pension related obligations as described below.

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PTGi Sells BLACKIRON Data for CAD$200 Million to Canada's Rogers Communications

Primus Telecommunications Group, Incorporated (PTGi) (NYSE: PTGI), a global facilities-based integrated provider of advanced telecommunications products and services, announced that it has sold BLACKIRON Data ULC (BLACKIRON Data), PTGI's pure data center operations in Canada, to Rogers Communications Inc. (Rogers) for approximately CAD$200 million. The transaction signed and closed on April 17, 2013.

BLACKIRON Data serves approximately 4,000 customers, reported 2012 revenues of US$34 million and owns and operates a total of eight data centers in five major cities in Canada: two data centers in Ottawa, Ontario, three data centers in the Toronto, Ontario area, one data center in London, Ontario, one data center in Edmonton, Alberta, and one data center in Vancouver, British Columbia, through which colocation, cloud computing, managed services, storage, backup, and other value added services are offered.

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DISH Network Proposes Merger with Sprint Nextel Corporation for $25.5 Billion

    U.S. technology leader with track record of disrupting entrenched incumbents presents superior alternative to pending SoftBank proposal – DISH offers more cash and a greater ownership stake
    Sprint shareholders would receive $7.00 per share, consisting of $4.76 in cash and stock representing approximately 32% in a company with a significantly enhanced strategic position
    Creates an industry-leading spectrum portfolio and the only company that can offer customers a fully-integrated, nationwide bundle of in- and out-of-home video, broadband and voice services
    Delivers substantial synergies and growth opportunities estimated at $37 billion in net present value, including an estimated $11 billion in cost savings

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NII Holdings Announces Sale of Nextel Peru

-- NII agrees to sell Nextel Peru to Entel for $400 million
-- Transaction is consistent with NII's strategy to focus on its largest markets, Mexico and Brazil
-- Additional capital further improves NII's liquidity position as it focuses its investments on the expansion of its new next generation platform in its largest markets

NII Holdings, Inc. (NIHD) today announced that it has agreed to sell its Peruvian operations to Empresa Nacional de Telecomunicaciones S.A. (Bolsa de Comercio de Santiago: ENTEL) for approximately $400 million.

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