IPTV and high-speed Internet--along with the increasingly necessary mobile wireless business--have helped Manitoba Telecom Services partially overcome a continuing-to-decline legacy voice business.
While MTS said third quarter overall revenue was down to CAD 424.3 million (USD 423.63 million) from $443.2 million ($442.11 million U.S.) year-over-year, IPTV revenue was up 7.7 percent to $19.5 million ($19.45 million U.S.) and Internet revenue was up 6.9 percent to $27.7 million ($27.63 million U.S.).
MTS is the largest telco in Manitoba and operates throughout Canada through MTS Allstream, providing enterprise services to corporate, institutional and government customers nationwide.
In its earnings news release, the telco listed 102,039 television customers, of whom it said 95,374 receive IPTV--an increase of 2.3 percent year-over year--showing "there is continued demand for flexibility in theme groups, high quality digital picture and sound and the innovated features that make MTS's television service unique."
The wins in IPTV, HSI and wireless offset declines in local access, long distance and legacy data, the company reported. Legacy business now accounts for less than 35 percent of total revenues, according to CFO Wayne Demkey, speaking on a conference call reported by the Winnipeg Free Press.
"We continue to generate growth in our strategic lines of business, including wireless data, IPTV and high-speed Internet and converged IP," he said.
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