"Economic challenges" weigh heavily on MTS Allstream

WINNIPEG – MTS Allstream saw both revenue and EBITDA drop this quarter, which the company said was a reflection of current economic conditions.For its third quarter ended September 30, 2009, revenue declined 3.5% while EBITDA dipped by 5.0%. The company maintained a strong balance sheet through the quarter with a debt ratio at 41%, while free cash flow of $62.0 million provided sufficient funds to cover operating needs and a dividend.“Our third quarter results reflect the continued impact of economic challenges facing Canada's business market as well as our success in key product lines for our future”, said CEO Pierre Blouin, in...