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Manitoba Telecom Services - Company Report
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Company Reports are concise reports that provide a review of the company's activities, corporate strategy and recent developments.
Manitoba Telecom Services (MTS) is a national communications provider in Canada. The company is organised into two operating segments, the Enterprise Solutions division and the Consumer Markets division. The Enterprise Solutions division, which operates under the Allstream brand nationally and under the MTS brand in Manitoba, offers IP-based communications, unified communications, and voice and data connectivity services to medium and large businesses. The Consumer Markets division delivers a range of next generation wireless, high-speed Internet and data, digital TV, and wireline voice services under the MTS brand, as well as security and alarm monitoring services through AAA Alarm Systems Ltd, a subsidiary of MTS which also operates in other western provinces. In addition, the Consumer Markets division provides small business customers outside Manitoba with a range of business Internet, data, and voice services under the Allstream brand. MTS is the successor corporation to The Manitoba Telephone System, a Crown corporation that was incorporated by special statute of the Province of Manitoba in April 1933. On January 7, 1997, MTS was continued as a share capital corporation pursuant to The Manitoba Telephone System Reorganisation and Consequential Amendments Act (Manitoba). MTS subsequently was continued under The Corporations Act (Manitoba) pursuant to a Certificate and Articles of Continuance dated April 5, 2000. The general development of MTS over the last three years has been influenced by several events, including the acquisition and integration of Canadian national alternative network operator, Allstream Inc (formerly AT&T Canada), in June 2004, creating Canada's third-largest communications provider; a strategic review of its business operations during 2006, resulting in a revised and refocused strategy, the disposition of non-core assets, and the completion of a cost-reduction programme; initiatives to streamline its business operations; and, its investment in a broadband network. MTS' common shares are listed on The Toronto Stock Exchange.
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