Manitoba Telecom Services Inc. reported a more than 40 per cent increase in earnings per share in the second-quarter, as growth in wireless, broadband and other segments offset declines in legacy services.
The Winnipeg-based telecom said earnings per share were 76 cents in the quarter, up 40.7 per cent from 54 cents in the same 2010 period.
Revenue was $443.7-million, up slightly from $442.9-million.
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The company said the results reflected strong growth in wireless, broadband and converged IP, offset by lower revenues from legacy services.
"Our past investments and strong focus on IP technology nationally and on unique bundles of home services in Manitoba contributed to another quarter of solid financial results for both MTS and Allstream," chief executive officer Pierre Blouin said in a release.
"Based on our strong results in the first half of the year, we are increasing our 2011 financial guidance ranges for revenue, EBITDA and EPS," he said.