December 28, 2014 2:08 PM ET

Specialty Retail

Company Overview of MTS Inc.

Company Overview

MTS Inc., doing business as Tower Records/Books/Video operates as a specialty retailer of recorded music. It offers a range of music and video products, including compact discs; recorded audiocassettes; recorded videocassettes; and DVDs. The company also offers other complementary products, including books; magazines; blank tapes; video games; personal electronics; and accessories. It operates approximately 90 stores worldwide. MTS Inc. also owns WOW!, a joint venture with electronics retailer, The Good Guys; and maintains 61 franchise agreements in 9 countries. The company was founded in 1960 and is headquartered in West Sacramento, California. As per the transaction announced on March 16, ...

2500 Del Monte Street

Building C

West Sacramento, CA 95691

United States

Founded in 1960

Phone:

916-373-2500

Fax:

916-373-2535

Key Executives for MTS Inc.

Executive Vice President
Age: 70
Chief Information Officer and Vice President
Age: 41
Vice President of Human Resources
Age: 45
Vice President of Strategy and Vice President of Corporate Development
Age: 38
Chief Marketing Officer and Vice President
Age: 42
Compensation as of Fiscal Year 2014.

MTS Inc. Key Developments

MTS Inc. Reports Revenue Results for the Second Quarter and Six Months Ended June 30, 2014; Expects to Open 40 LTE Locations by the End of 2014

MTS Inc. reported revenue results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total operating revenue of $250.2 million and total wireless revenues of $90.4 million compared to total operating revenue of $247.4 million and total wireless revenues of $95.0 million a year ago. Total broadband and converged IP revenues were $60.4 million against $56.8 million a year ago. For the six months ended June 30, 2014, the company reported total operating revenue of $498.7 million and total wireless revenues of $180.8 million compared to total operating revenue of $490.9 million and total wireless revenues of $186.5 million a year ago. Total broadband and converged IP revenues were $119.0 million against $111 million a year ago. By the end of 2014, MTS expects to add 40 LTE locations, expanding its LTE coverage to 80% of Manitobans.

Tower Records Opens New Dawson Street Shop

Two of Ireland's music brands are teaming up to create 10 new jobs as Tower Records relocated to a new premises on Dublin's Dawson Street, which opens on February 17, 2014.

MTS Inc. Reports Revenue Results for the Fourth Quarter and Full Year Ended December 31, 2013

MTS Inc. reported revenue results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total operating revenue of $251.4 million and total wireless revenues of $93.6 million compared to total operating revenue of $243.5 million and total wireless revenues of $89.9 million a year ago. Total broadband and converged IP revenues were $59.0 million against $53.3 million a year ago. For the full year, the company reported total operating revenue of $995.0 million and total wireless revenues of $375.3 million compared to total operating revenue of $980.6 million and total wireless revenues of $362.1 million a year ago. Total broadband and converged IP revenues were $228.1 million against $212.9 million a year ago.

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Recent Private Companies Transactions

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