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MTS Allstream reports 2011 fourth-quarter and full-year results, and announces 2012 financial outlook
WINNIPEG, MB, February 10, 2012 – Manitoba Telecom Services Inc. (the "Company" or "MTS Allstream"), including its two operating divisions, MTS and Allstream, today reported net earnings of $167.1 million for the year ended December 31, 2011. Earnings per share ("EPS") were $2.55, compared with $2.18 for the year ended December 31, 2010.
Fourth-quarter net earnings were $36.9 million. EPS were $0.56, compared with $0.46 for the three months ended December 31, 2010.
Annual highlights:
- MTS Allstream met 2011 improved financial guidance and its 2012 financial guidance demonstrates continued progress
- Earnings per share were $2.55: an increase of 17.0% over 2010
- Free cash flow increased by $95.7 million to $129.8 million in 2011
- MTS wireless revenues up 8.6%, ARPU up $2.34, driven by 46.1% wireless data revenue growth
- MTS IPTV revenues up 19.3%; 64% of IPTV customers now subscribe to the premium service
- Allstream EBITDA up 34.0%, with IP revenue growth of 8.7%
- Allstream added 299 buildings in 2011, totaling 2,388 buildings on its IP fibre network
- Board of Directors declares $0.425 per share Q1 2012 cash dividend
Read the complete news release (PDF, 221 KB). |
