Manitoba Telecom decrease of shares

MTS telecom canadaManitoba Telecom Services Inc is one of Canada’s leading national communication solutions companies. MTS Allstream, its subsidiary company, provides communications for the way Canadians want to live and work today.

With nearly two million total customers across Canada, today the company said it is feeling the impact of the economic downturn on the operations of its Allstream unit, which sells telecom services across the country to companies.

MTS websiteShares of Winnipeg-based Manitoba Telecom Services fell close to nine per cent Friday after it cut its dividend by more than a third and reported lower net earnings.

Its shares were trading $2.40 lower, at $24.92, near the end of trading on the Toronto Stock Exchange.

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