TeleGeography Logo

Manitoba Telecom Services reports 2Q profit slide

10 Aug 2009

Manitoba Telecom Services (MTS) reported a drop in net profit for the second quarter of 2009, reflecting a fall in turnover attributed mainly to its Enterprise Solutions division and restructuring costs. Net income for the three-month period ended 30 June declined to CAD30 million (USD28 million) from CAD38 million in the previous year, as operating revenues fell to CAD464 million compared to CAD486 million in 2Q08. MTS’s Consumer Markets division achieved a slight (CAD3 million) increase in revenues year-on-year to CAD208 million. Restructuring and transition expenses for the quarter increased to CAD19 million from CAD10 million last year. The Manitoban telco had 179,000 high speed internet customers by end-June 2009, up 3.6% year-on-year, whilst it also reported a 9% year-over-year increase in broadband ARPU, and its IPTV subscriber base increased by 4.2% y-o-y, reaching 83,677 subscribers at mid-year. At the same date its wireless subscriber base reached 446,000, growing by 9.3% over the year. Wireless ARPU of CAD56 was down by 0.9% y-o-y.

Canada, Bell MTS

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.