MTS Allstream's Q1 revenues down despite growing wireless customer base

WINNIPEG – In its Q1 2013 results announced today, regional telecom MTS Allstream reported a 6.5% decrease in revenues to $406.7 million compared to the first quarter of 2012. The company attributes part of the loss to a $14.1 million planned reduction at Allstream, as well as a $4.8-million reduction in MTS wireless wholesale revenues as other carriers move their customers from MTS’s CDMA network to their own HSPA networks. Free cash flow increased by 31.9% to $47.6 million, an increase of $11.5 million from the same period last year. “MTS Allstream’s first-quarter results show that we continue to make progress on...