Company celebrates MTS's 25th anniversary as Manitoba's leading wireless provider
Stock Symbol: MBT
WINNIPEG, May 9, 2013 /CNW/ - Manitoba Telecom Services Inc. (the
"Company" or "MTS Allstream"), today told shareholders at its annual
meeting that 2012 was another year of progress in delivering on its
strategies. Held at The Fort Garry Hotel in Winnipeg, the meeting
included the election of the board of directors and presentations by
Chair, David Leith and Chief Executive Officer, Pierre Blouin about the
Company's strategies and results.
"MTS Allstream generated a strong 15.1% total shareholder return in
2012," said Chief Executive Officer Pierre Blouin. "We met all our
financial targets and reached our cost reduction objective for the
eighth consecutive year. MTS solidified its position as the undisputed
leader in the Manitoba market through its focus on offering advanced
products and services, and leveraging its past network investments and
deep brand strengths in Manitoba. Allstream accelerated its transition
towards being a pure IP provider for Canadian businesses through its
strategy of fibre network expansion and providing the best customer
experience in our industry."
In his remarks, Mr. Blouin acknowledged Allstream's best IP sales
quarter ever in Q4 2012 which included one of its largest IP wins,
Shared Services Canada, making Allstream the largest telecommunications
data provider for the federal government. For MTS, he said the
division's unrivalled network coverage, extensive distribution channels
and unparalleled bundle offerings continue to generate revenue growth
in MTS's strategic product lines of wireless, IPTV and Internet. Mr.
Blouin also noted that MTS Allstream plans to build on its 2012 results
by continuing to focus on its proven strategies, as well as achieving
operational efficiencies and improvements to its cost structure and
"With the majority of our strategic investments to our networks now in
place, we can begin the work of harvesting the financial benefits of
these investments with a focus on generating improved free cash flow,"
said Mr. Blouin.
At the meeting, shareholders and guests also celebrated MTS's 25th anniversary as Manitoba's leading wireless provider. MTS continues to
lead the wireless market in the province, having launched Manitoba's
first 4G LTE wireless network in 2012.
The Company's returning directors were Pierre J. Blouin, Jocelyne M.
Côté-O'Hara, N. Ashleigh Everett, The Honourable Gary A. Filmon,
Gregory J. Hanson, Kishore Kapoor, David G. Leith, H. Sanford Riley, D.
Samuel Schellenberg and Carol M. Stephenson.
Also at today's meeting, the Company held its second annual advisory
vote on executive compensation, or "say on pay". The Company and
its board of directors were pleased that the resolution was approved by
approximately 95% of the Company's shareholders.
Deloitte LLP was reappointed as the auditors of the Company. Additional
information on the business of the meeting is contained in the
Company's Management Proxy Circular, which was filed on April 4, 2013.
Shareholders received this year's Circular via new "Notice and Access"
rules, which permits MTS Allstream to issue its Circular and Annual
Report digitally. The Company is proud to be one of the first companies
in Canada to take advantage of this new method. Approximately 500
trees and more than 17 million litres of fresh water will be saved
through this initiative.
For more information on the annual general meeting and a copy of the
Chair's and CEO's remarks, visit the Investors section of www.mtsallstream.com.
Manitoba Telecom Services Inc. (MTS Allstream)
MTS Allstream is one of Canada's leading national communication
solutions companies, providing innovative communications for the way
Canadians live and work today. The company has more than 100 years of
experience, with 5,500 employees across Canada. MTS Allstream's
business is dynamic and consists of two operating divisions. In
Manitoba, MTS is the leading full-service telecommunications provider
for residential and business customers. MTS's suite of services include
the latest in wireless technology, broadband services, IPTV, voice
services, home security, and an extensive range of business solutions.
Across Canada, Allstream is a leader in IP communications and is the
only national provider that focuses exclusively on the business
telecommunications market. MTS Allstream has nearly two million
customer connections spanning business customers across Canada and
residential consumers throughout the province of Manitoba. The
Company's extensive national fibre optic network spans more than 30,000
kilometres. MTS Allstream has spent 12 consecutive years on the Jantzi
Social Index for leadership in social responsibility and is the
recipient of the 2011 Governance Gavel Award from the Canadian
Coalition for Good Governance, recognizing clear and effective public
disclosure and leading governance practices. MTS Allstream's common
shares are listed on the TSX (trading symbol: MBT). Customers,
stakeholders and investors who want to learn more about MTS Allstream
are encouraged to visit: www.mtsallstream.com For more information about MTS's products and services, please visit www.mts.ca. For more information about Allstream's products and services, please
Forward-looking Statements Disclaimer
This news release includes forward-looking statements and information
(collectively, the "statements") about the Company's corporate
direction, business opportunities, operations, financial objectives and
future financial results and performance that are subject to risks,
uncertainties and assumptions. As a consequence, actual results in the
future may differ materially from any conclusion, forecast or
projection in such forward-looking statements. Therefore,
forward-looking statements should be considered carefully and undue
reliance should not be placed on them. Examples of statements that
constitute forward-looking information may be identified by words such
as "believe", "expect", "project", "should", "anticipate", "could",
"target", "forecast", "intend", "plan", "outlook", "see", "set",
"pending", and other similar terms.
Factors that could cause anticipated opportunities and actual results to
differ materially include, but are not limited to, matters identified
in the "Material assumptions" section below, the "Risks and
uncertainties" section, elsewhere in the Company's 2012 Annual MD&A and
2012 Annual Information Form, all of which are available on SEDAR at www.sedar.com.
Please note that forward-looking statements reflect Management's
expectations as of today. The Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, except as
required by law.
SOURCE: MTS Allstream
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