MTS shows off TV sub growth; VOD on the way

WINNIPEG - Manitoba Telecom Services reported huge (160.8%) growth in its television customers with the release of its second quarter financial report today. While the still-small MTS TV group is still classified as “Other Revenue” by the company, lumped in with the company’s directory business and other items, that unit earned $22.6 million in revenue in the first quarter of 2005, a 40% jump over Q1 2004. Offered to customers in Winnipeg, MTS TV counted 37,219 customers at March 31, 2004, placing it in the top 12 of television signal distributors in Canada. Today, the company reported it had 39,000...