"Redefining" Bell has solid quarter

MONTREAL – BCE Inc., owners of Bell Canada, Bell Globemedia, Bell ExpressVu, Aliant and other assets posted revenues of $4.9 billion in the first quarter of 2005, up 4.8%, and of $1.9 billion, up 5.1% when compared to the same period last year. Operating income increased by 5.4% year over year to reach $1.1 billion. “This is a solid start to the year. Our revenue and EBITDA performance continued to improve reflecting progress on many fronts across the business," said Michael Sabia, president and CEO. "Contributing to our financial results were cost savings of $120 million realized from initiatives under...