MTS Allstream Q4 revenue dips 6% to $413.1 million

WINNIPEG - Regional telecom MTS Allstream reported fourth quarter revenues dropped by 6% to $413.1 million from $439 million in the same quarter in 2011. Net profit remained nearly unchanged at $37 million up slightly from $36.9 million in 2011. The company said its corporate review, which analysts believe could include its sale, is still ongoing with no news to report. In 2013 it expects to “deliver significant increases in free cash flow and growth” across its strategic product lines. Wireless data drove growth in the quarter and was up 29.7% to $116.3 million for fiscal 2012. Revenue for its...