Revenue, profits dip at MTS Allstream

WINNIPEG – Year end profits and revenues both fell at MTS Allstream, but the company asserted that it has maintained “a strong overall financial profile and a solid balance sheet”.Revenue for 2009 was $1.823 billion, down 2.3% over 2008, which the company said reflected declines in its local, long distance, data and unified communications lines of business, partly offset by strong growth in its wireless, consumer high-speed Internet, digital television and converged IP services. EBITDA was $625 million, down 6.2% from last year.At year-end, the Winnipeg-based company reported 458,478 wireless subscribers, up 5.5% from the prior year; 86,520 digital television subscribers, up...