Cost-cutting program continues at MTS as TV revenues rise

WINNIPEG – "MTS has now delivered two solid quarters of performance in 2006," said Pierre Blouin, CEO of MTS Allstream in releasing the company's second quarter results Thursday afternoon. "The second quarter results reflect strong growth in wireless, digital television, next generation data connectivity and high-speed Internet, solid improvements at our enterprise solutions division, marked by a sequential improvement in quarterly profitability, and continued strong progress with our cost reduction program." The company's results from continuing operations include: flat EBITDA of $175.4 million compared with $175.9 million in the second quarter of 2005; a marginal year-over-year decline in revenues by...