Manitoba Telecom profit rises

Thu Nov 8, 2012 6:48am EST
 
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Nov 8 (Reuters) - Canada's Manitoba Telecom Services Inc , which is mulling the sale of its Allstream business, said third-quarter profit rose on higher demand for its wireless, broadband and IPTV services.

Net earnings rose 10 percent to C$40.8 million ($40.97 million), or 61 Canadian cents a share, from C$37 million, or 56 Canadian cents, a year earlier.

Revenue fell 4 percent to C$424.3 million, hurt by lower sales in its Allstream business.