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Manitoba Telecom Services Inc. Reports Third Quarter Results
Highlights:
- Stable sequential performance in the face of challenging economic conditions, in line with consensus forecasts
- Consumer Markets division growth services revenues climb 7.1% in the third quarter
- New HDTV product, MTS Ultimate TV, drives increased profitability and digital TV subscriber growth
- Converged IP, the Enterprise Solutions division's flagship growth product, sees revenue climb 12.2% in the third quarter
- Cost reduction program already reached annual target of $50 million to $60 million of annualized savings in 2009
- Business generating solid cash flow in support of quarterly dividend of $0.65 per share
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