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Last €19.58 EUR
Change Today -0.374 / -1.87%
Volume 0.0
MB9 On Other Exchanges
Symbol
Exchange
Stuttgart
Toronto
OTC US
As of 1:44 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

manitoba telecom svcs inc (MB9) Snapshot

Open
€19.99
Previous Close
€19.95
Day High
€20.01
Day Low
€19.40
52 Week High
09/5/14 - €21.81
52 Week Low
02/6/15 - €16.17
Market Cap
1.5B
Average Volume 10 Days
7.1
EPS TTM
--
Shares Outstanding
78.9M
EX-Date
09/11/15
P/E TM
--
Dividend
€1.30
Dividend Yield
5.85%
Current Stock Chart for MANITOBA TELECOM SVCS INC (MB9)

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manitoba telecom svcs inc (MB9) Details

Manitoba Telecom Services Inc. provides telecommunication services to residential and business customers in Canada. It operates in two segments, MTS and Allstream. The company’s wireless services include post-paid and pre-paid cellular services; wireless data services; paging services; and group communications services, such as FleetNet 800, a two-way wireless communications solution to dispatch communications for enterprises, police departments, transportation companies, and other emergency services. It also offers Internet services comprising high-speed and dial-up Internet services; Internet protocol television services; information solution services; converged IP services, such as IP-based networking and related products and services; unified communications solutions and services, which comprise the integration of telephony and video conferencing with non-real-time communication services, including integrated voicemail and e-mail; collocation and managed hosting services; and security and monitoring services for IP networks, applications, and underlying databases, as well as managed security services. In addition, the company provides local voice access, long distance voice, and legacy data services; and sells and maintains terminal equipment, such as telephone switches and hardware products. It operates a fiber optic network that spans approximately 30,000 kilometers. Manitoba Telecom Services Inc. offers its products and services under the MTS brand through retail and corporate sales channels, MTS Connect stores, customer contact centers, bill payment agents, direct sales, and multi-dwelling unit programs, as well as through its Website. The company was founded in 1908 and is headquartered in Winnipeg, Canada.

4,863 Employees
Last Reported Date: 02/4/15
Founded in 1908

manitoba telecom svcs inc (MB9) Top Compensated Officers

President of MTS
Total Annual Compensation: C$508.8K
President of Allstream
Total Annual Compensation: C$350.0K
Chief Corporate & Strategy Officer and Corpor...
Total Annual Compensation: C$382.5K
Compensation as of Fiscal Year 2014.

manitoba telecom svcs inc (MB9) Key Developments

Manitoba Telecom Services Seeks To Sell Allstream Business

Manitoba Telecom Services, Inc. (TSX:MBT) has hired advisers and wants to speak with potential buyers of its Allstream business in the second half of 2015. The company has been working to turn the asset around since new Chief Executive Officer Jay Forbes took over earlier this year, slashing jobs and capital expenditures at the national enterprise IP services division. “With restructuring largely complete and Allstream positioned to be free cash flow positive for 2015 and beyond, management has shifted focus to manage a fully planned exit of this business, one that will maximize value while promoting deal certainty," MTS said in a statement on July 30, 2015. It added that it "has a clear understanding of the approval process and requirements," and is working on a list of possible buyers it plans to "engage with in the second half of this year." Forbes said on a conference call that Manitoba has already received "strong interest from both strategic and financial buyers," suggesting some players that might not have considered the asset the last time it was for sale might be looking at it now. Manitoba has hired TD Securities and CIBC World Markets to advise on the sale, said Chief Corporate and Strategy Officer Paul Beauregard.

Manitoba Telecom Services, Inc. Declares Quarterly Cash Dividend for the Third Quarter of 2015, Payable on October 15, 2015

Manitoba Telecom Services Inc. announced that company's Board of Directors declared a quarterly cash dividend of $0.325 per share for the third quarter of 2015, payable on October 15, 2015 to shareholders of record at the close of business on September 15, 2015.

Manitoba Telecom Services, Inc. Reports Consolidated Earnings Results for the Second Quarter Ended June 30, 2015

Manitoba Telecom Services, Inc. reported consolidated earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported operating revenues of CAD 398.3 million compared with CAD 403.3 million for the same period last year. EBITDA was CAD 121.9 million compared with CAD 142.5 million for the same period last year. Income before income taxes was CAD 12.7 million compared with CAD 40.1 million for the same period last year. Net income for the period was CAD 10.4 million or CAD 0.13 earnings per share compared with CAD 28.8 million or CAD 0.37 earnings per share for the same period last year. Capital expenditures were CAD 62.1 million compared with CAD 78.2 million for the same period last year. Cash flows used from operating activities were CAD 39.7 million compared with cash flows from operating activities CAD 85.2 million for the same period last year. Cash flows from operating activities decreased mainly due to a combination of the pension solvency prepayment of CAD 103.1 million and an increase in restructuring costs of CAD 19.6 million. For the six months, the company reported operating revenues of CAD 806.3 million compared with CAD 804.8 million for the same period last year. EBITDA was CAD 262.3 million compared with CAD 290.1 million for the same period last year. Income before income taxes was CAD 49.2 million compared with CAD 98.4 million for the same period last year. Net income for the period was CAD 37.1 million or CAD 0.47 earnings per share compared with CAD 70.7 million or CAD 0.92 earnings per share for the same period last year. Cash flows used from operating activities were CAD 3.1 million compared with cash flows from operating activities CAD 162.2 million for the same period last year.

 

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Industry Analysis

MB9

Industry Average

Valuation MB9 Industry Range
Price/Earnings 22.2x
Price/Sales 1.3x
Price/Book -- Not Meaningful
Price/Cash Flow 4.9x
TEV/Sales -- Not Meaningful
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