MTS revenues down due to legacy revenue declines
telecom | 11/08/2013 8:26 pm EST
Manitoba Telecom Services Inc.'s third-quarter revenues were down 3.7 per cent, the company reported Thursday.
Revenues were $408.4 million for the three-month period ended Sept. 30, down from $424.3 million at the same time a year earlier.
The company said in a release Thursday the decline was “due to legacy revenue declines, including $12.2 million in planned reductions at Allstream, and a $2.6 million reduction in MTS wireless wholesale revenues as other carriers move their customers from MTS’s CDMA network to their own HSPA networks.”
Net income was $25.4 million, down $33.2 million from the same period a year earlier, the company reported.
“Strong growth in data revenues” contributed to an increase in average revenue per user for wireless
...