Cable / Telecom News

MTS drops ’09 outlook

WINNIPEG – MTS Allstream said late Wednesday that its enterprise division is still suffering the effects of the recession and that it will miss some of its third quarter financial markers.The update, released after the markets closed, reflects “the impact the recession and the slow pace of economic recovery are having principally on the Company's Enterprise division,” reads its release. “The Company's revised outlook primarily reflects a sharper than expected decline in its legacy long distance business, as well as in the unified communications business.”While its consumer division – based just about completely in Manitoba under the MTS (Manitoba Telecom...