Cable / Telecom News

MTS results “solid”; TV continues to grow

WINNIPEG – Revenue and earnings continued to grow in the second quarter of 2005 for Manitoba Telecom Services, the company announced Thursday.Consolidated revenues for the quarter were $502.2 million, up by 59.9% from a year earlier, with EBITDA climbing 25.5% to $172.0 million and operating income increasing by 31.2% to $94.6 million. On a year to date basis, revenues were $997.3 million compared to $525.1 million, EBITDA climbed from $251.2 million in the first six months of 2004 to $331.1 million in 2005, and EPS from continuing operations was $1.43 versus $1.10 in 2004. The consolidation of the results of...