Manitoba's MTS Allstream Sees IPTV Revenues Jump by Over 19 Percent during 2011

Manitoba Telecom Services, which runs two operating telcos in Canada – MTS and Allstream – saw its IPTV (News - Alert) revenues increase over 19 percent during 2011, according to news reports. More Fiber-to-the-Home installations are also coming.

When compared to 2010, revenues jumped 70.6 million in Canadian dollars for the IPTV service in 2011, up 19.3 percent. Revenues across all operations during 2011 were 1.76 billion Canadian dollars, which represented a 1 percent drop from 2010.

In explaining the IPTV increase, the company noted how customers moved away from promotional plans; there were more subscribers; and the company increased prices, according to a report carried on IPTV News.com. In addition, 64 percent of the company’s IPTV customers are subscribers to a premium service, the news report adds.

It was also reported that MTS Allstream (News - Alert) will introduce IPTV in two locations where the firm installed Fiber-to-the-Home (FTTH) in 2011.  And the company will introduce IPTV in four other locations as part of a wider FTTH installation plan.

In other financials reported by the company, MTS Allstream saw net earnings of $167.1 million for 2011. Fourth-quarter net earnings were $36.9 million, the company added in a story carried on TMCnet. Moreover, Allstream added 299 buildings last year, with some 2,388 buildings on its IP fiber network, the company said.

“We are focused on remaining the leading telecommunications provider in Manitoba and growing Allstream’s converged IP business. In 2011, we made significant progress on these strategic objectives by launching our 4G wireless network in Manitoba and by extending Allstream’s national fiber network to 2,388 new buildings,” Pierre Blouin, the company’s CEO said in a press statement.

“We saw a significant increase in our free cash flow for the year, which was driven by lower capital expenditures, the benefit of our cost saving programs and the growth in our strategic lines of business,” Blouin added. “Manitoba Telecom Services is well positioned to continue to perform for our customers and our shareholders in 2012.”