MTS Allstream will tighten belt in 2011

TORONTO – After reining in revenue projections for next year, MTS Allstream said that it is also aiming to cut costs by between $25 million and $35 million.The cost reductions will come from “operational efficiency programs mainly associated with legacy product lines and restructuring initiatives”, the Winnipeg-based company said Wednesday in its 2011 financial outlook. Revenue projections range from $1.67 billion to $1.77 billion next year, a slight decrease from 2010 totals which projected $1.74 billion to $1.79 billion."Our 2011 financial outlook reflects our belief that improved performance at Allstream, the continued stability and strength of MTS, and tight cost management will...