REFILE-Canada's Manitoba Telecom to cut 25 pct jobs, slashes dividend
(Corrects paragraph 2 to remove extraneous word)
May 7 (Reuters) - Canadian telecoms company Manitoba Telecom Services Inc said it would cut jobs by 25 percent as part of a strategic review.
The company, which has struggled with tough competition, also said on Thursday that it would slash its annual dividend to C$1.30 per share from C$1.70.
Manitoba also said it planned to reduce its capital expenditure by 20-30 percent. (Reporting by Shubhankar Chakravorty in Bengaluru; Editing by Kirti Pandey)
© Thomson Reuters 2017 All rights reserved.