WINNIPEG – MTS is forecasting 2% growth in their overall revenue, EBITDA, earnings per share and free cash flow in 2009.
In addition to releasing its financial outlook on Wednesday, the company also said that it expects to deliver results for 2008 which are in line with consensus analyst estimates.
Its consumer markets division, which operates under the MTS brand, will see “continued strong performance” from wireless, high-speed Internet and digital television next year, the report said. Backed by bundle strategies and “superior customer value proposition”, the division will deploys new IPTV services to customers in its major market of in Winnipeg next year.
The enterprise solutions division, aimed at businesses and known nationally under the Allstream brand, expects “continuing solid growth” in its next generation growth services including converged Internet protocol and unified communications.
"We expect to deliver growth in 2009," said Pierre Blouin, CEO. "We continue to see opportunities to execute on our plan with strong overall growth from our growth services as well as opportunities for significant additional productivity gains and cost reductions. We expect to benefit from a strong provincial economy in Manitoba and a well-diversified customer and product mix in our Enterprise Solutions division. With continued best-in-class incumbent performance in Manitoba, our Enterprise Solutions division achieving a record-setting year for new contract wins, a strong balance sheet, and a healthy dividend we are well-positioned to deliver shareholder value in 2009."
