Economy, competition drag down revenue at MTS Allstream

WINNIPEG – MTS Allstream saw revenue drop by nearly 6% in its first quarter, which the company blamed on the economic downturn and aggressive price competition in its home province of Manitoba.Revenues from continuing operations were $442 million for the quarter ended March 31, 2010, down from $469.8 million in the same period last year. EBITDA dropped 11.4% year-over-year to $132.7 million.The company said Thursday that its results reflect continuing strong growth in its wireless, converged IP and digital TV lines of business, which were offset by declines in its unified communications, security and monitoring, local access, long distance and...