Manitoba Telecom Services’ growth businesses make up for trad decline

12 May 2008

Manitoba Telecom Services (MTS) has posted first quarter net income of CAD54.2 million (USD53.9 million), up from CAD52.9 million a year ago, on revenues that rose by 2.6% year-on-year to CAD478.8 million. In the three months ended 31 March 2008, revenues from mobile, high speed internet, IPTV and other growth services expanded 18%, more than offsetting a 1.1% decline in local telephony turnover and a 7.7% fall in long-distance revenue. Growth services accounted for CAD204.9 million of the latest quarter’s sales, or 43% of the total compared with 37% a year before. MTS is expecting to earn less than half its revenues from traditional fixed line services by sometime next year.

Canada, Bell MTS (formerly MTS)