MANITOBA TELECOM SERVICES INC. $29.70 (Toronto symbol MBT; Shares outstanding: 76.8 million; Market cap: $2.3 billion; TSINetwork Rating: Average; Dividend yield: 5.7%; www.mts.ca) plans to build a new data-storage facility in Manitoba that will help it profit from rising demand for cloud computing services.
Technology firms will be able to rent space in this building to house their servers and related equipment. Manitoba Telecom will also help these tenants manage and operate their systems.
The company will spend $50 million to build this facility. That’s equal to 2.0 times the $25.4 million, or $0.38 a share, that Manitoba Telecom earned in the three months ended September 30, 2013. The company expects to complete this project in 2015.
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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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