MANITOBA TELECOM SERVICES INC. (Toronto symbol MBT; www.mts.ca) has over 1.3 million telephone and wireless customers in Manitoba. This business now accounts for 54% of the company’s revenue.
The remaining 46% comes from its Allstream division, which provides integrated telephone, Internet and other communication services to businesses across Canada.
In the three months ended September 30, 2011, Manitoba Tel’s revenue fell 1.7%, to $443.2 million from $451.0 million a year earlier. The MTS division’s revenue rose 0.7%. Allstream’s revenue fell 4.6%, mostly because it is closing less-profitable businesses. Earnings per share fell 8.2%, to $0.56 from $0.61. This Canadian stock’s yield is a high 5.7%.
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Canadian stocks: Manitoba Telecom aims to upgrade its wireless systems
Manitoba Tel plans to deploy Long Term Evolution (LTE) wireless technology in 2012. LTE networks are up to five times faster than its current wireless systems. This should help the company sell more smartphones, including the Apple iPhone. The company earns higher fees from these devices than regular cellphones.
The company is also converting its phone and Internet network from copper wire to a fibre-optic system. It should complete this project in 2015. This upgrade will let Manitoba Tel sell more high-speed Internet and digital TV services.
At the same time, the Allstream division is benefiting from its shift to Internet-based communication services. Right now, the division is focusing on clients in multi-tenant buildings that are located near existing fibre-optic networks.
Manitoba Tel has long been an attractive takeover target for a competitor, such as BCE or Telus Those wireless and Internet upgrades make it even more appealing.
We cover a number of utilities and other conservative Canadian stocks in the Canadian Wealth Advisor. In the latest issue, we look at the added possibilities of a foreign takeover of Manitoba Telecom in light of the current Conservative government’s policies. We conclude with our clear buy-hold-sell advice on the stock.
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The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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