July 12, 2014 3:52 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.

Chief Operating Officer and First Vice President
Age: 59
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
Compensation as of Fiscal Year 2014.

MTS Inc. Key Developments

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.

Rogers to Bring LTE to Manitoba Customers Through Extended Network Sharing Agreement with MTS

Rogers Communications Inc. announced that it will bring Rogers LTE Max to customers in Manitoba through a province-wide network sharing agreement with MTS Inc. Starting June 17, 2013, Rogers will roll out LTE Max - a premium LTE network deployment that enables theoretical network speeds of up to 150 Mbps - to customers in Winnipeg, Brandon, Victoria Beach and Grand Beach. Rogers will continue to deploy LTE Max, expanding coverage to additional markets in 2013 with plans to reach more than 90% of Manitoba's population over the next five years. This agreement builds on the network sharing arrangement Rogers and MTS signed in 2009 that resulted in the joint deployment of a 4G HSPA+ wireless network covering 97% of Manitobans. Under this LTE network sharing arrangement, MTS and Rogers will share the costs of deploying and operating LTE technology in Manitoba. The agreement further enables MTS customers to roam on Rogers wireless network when travelling outside of Manitoba.

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Recent Private Companies Transactions

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