AT&T Canada Becomes Allstream

'Nuff said.

June 18, 2003

1 Min Read

TORONTO -- AT&T Canada Inc. (TSX: TEL.A, TEL.B; NASDAQ: ATTC, ATTCZ) today announced a new chapter in its evolution: AT&T Canada has become Allstream Inc., a leading communication solutions provider with a world- class portfolio of Connectivity, Infrastructure Management and IT Services.

"Today marks a significant milestone for our Company. Changing our name to Allstream signifies our position as a fully independent leading communication solutions provider," said John McLennan, Vice Chairman and Chief Executive Officer, Allstream. "Allstream embodies who we are as a company and how we will deliver on commitments. Our heritage in Canada spans 150 years and this change represents the next important step in the evolution of our Company."

"As Allstream, we are an established and energized company that is financially and operationally strong and that has proven business momentum," said McLennan. "We have significantly improved our operating and capital efficiency, we continue to make incremental gains in pursuit of a balanced regulatory framework, and we established a sustainable capital structure. In April, we successfully emerged from our capital restructuring process with no long-term debt, positive cash flow and positive net income. And our first quarter results confirm we are executing on our business plan."

"We will continue to strengthen our business and enhance our competitive advantages. Going forward as Allstream, we are well positioned to grow profitably as a highly competitive leading communication solutions provider in the telecom and IT marketplace," added McLennan.

Allstream Corp.

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