MTS Allstream sees Q3 revenues drop more than 3%

WINNIPEG – Third quarter revenues fell 3.7% at MTS Allstream, which the company attributed to legacy declines and planned reductions at Allstream.These declines were partly offset by revenue growth from strategic lines of business (wireless, broadband and converged IP), which increased by 3.8% over Q3 2012, on the strength of higher ARPU and subscriber growth across these lines of business.For the period ended September 30, 2013, consolidated revenues were $408.4 million, down from $424.3 million from the same quarter in 2012. Consolidated EBITDA dipped 2.1% to $142.7 million from $145.7 year-over-year, and annualized cost reductions of $59.0 million were achieved.The...