Chief Executive: Pierre Blouin

Pierre Blouin: MTS chief executive Pierre Blouin said he has received no explanation on why the federal government quashed the sale of his firm's Allstream division to the Egyptian investment group Accelero Capital for $520 million late Monday, according to CTV. Nor has the government given him the ability to restructure the deal to satisfy their requirements, he said, adding that other companies could become discouraged with making future investments in the telecom sector if there is not more clarity and OTTAWA -- A surprise decision to reject the foreign purchase of a small Canadian telecom player left observers confused Tuesday, including the chief executive of Manitoba Telecom Services who said no one understands Ottawa's rules on acquisitions. In a statement, Industry Minister James Moore cited "national security" concerns, but Blouin said the government never mentioned any such issue during a five-month approval process. (www.immigrantscanada.com). As reported in the news.