The Canadian PressAugust 1, 2013 18:33
WINNIPEG - Manitoba Telecom Services (TSX:MTS) reported a net loss of $52.9 million in its second quarter.
That compared with a profit of $36.6 million in the same quarter last year, the regional telecom company said Thursday.
Revenue was slightly higher at $247.4 million, compared with $246.8 million. Earnings per share were lower at 42 cents compared with 49 cents year-over-year.
In May, MTS announced that it was selling its business unit Allstream to Accelero Capital, which is owned by Egyptian telecom magnate Naguib Sawiris, for $520 million.