Cable & Telecom

MTS “more stable” after sale of Allstream, yet posts $52.9 million loss

WINNIPEG – Despite revenue growth in its wireless, IPTV and Internet business, MTS Inc. reported a net loss of $52.9 million in its second quarter, the company announced Thursday. MTS reported overall revenues increased just $0.6 million over Q2 2012 to $247.4 million.  While revenues from wireless, broadband and converged IP services grew by 5.1% or $7.3 million compared to the same period a year earlier, it was offset by a $6.7 million decline in unified communications, security and monitoring, local, long distance and legacy data revenues. MTS increased the number of customers with bundled services in the second quarter...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.