Privatization fears prove well founded in Manitoba MTS case
A year after Manitoba Telecom Services began trading, critics’ warnings sound vindicated as privatization appears to benefit private investors over public interests. The MTS group shows 80 percent of parent shares owned by non residents, despite Manitoba roots and cabinet ties. The term competitive is questioned as market pricing shifts.
MENTIONED IN THIS ARTICLE
Manitoba Telecom Services Inc
Canada
Stock Exchange
MTS
MTS Inc
Winnipeg
North America
SaskTel
MTS Inc. Pushes Higher Rates to Boost Investor Returns
Commentary argues MTS Inc. raises telephone rates to protect investor returns after privatization. Despite record profits $84.7 million in the first year, the company claims a 36.4 million shortfall, aided by a tax write-off that benefits shareholders and keeps rates lower than feared. The piece notes higher debt and tax costs under private ownership versus public operation.
MENTIONED IN THIS ARTICLE
MTS Inc
CRTC
MTS
Shellmouth Reservoir Outflows Raised Amid El Nino Prospects
Reservoir outflows at Shellmouth have increased from 200 to 500 cu ft/s to capitalize on stronger spring runoff potential. The Shellmouth Reservoir Regulation Liaison Committee has kept levels high to secure water for downstream users next summer, aiming for about 12 feet higher than the past two years before spring runoff. As of March 16 the level stood at 1399.5 feet, near the dam’s historic late winter high.
MENTIONED IN THIS ARTICLE
Shellmouth
Shellmouth Reservoir
Steven Topping
Brandon
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MTS Mobility
C¢Com
Dauphin Dauphin Marketplace
Roblin
Main Street
Russell
Swan River
Mobility
SRRLC