19 sep 06 1 business overview september 2006 mts allstream 2005 revenues 2 billion 3rd largest national provider in canada most canadian markets clear leader manitoba market leading and residential products quality asset base high levels of customer satisfaction 262 5 265 2004 projected strong free cash flow from continuing operations pro forma 285 310 millions ip changing the landscape new services demands highly competitive marketplace well positioned to succeed innovator focused approach cost structure edge based network enterprise consumer 3 innovation recent innovations at trunking collaboration suite resident telephony 1x evdo wireline telco hdtv e mail on tv call display driving innovative solutions customers while controlling costs is key success relationships more than 6 000 excellent with 4 a proponent regulation policy we are competition drives pace extent