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...