Cable / Telecom News

Bell Canada’s wireless business picks up in Q2


TORONTO – BCE Inc. posted modest growth in the second quarter of 2007, posting revenues of $4.438 million, up 1.5% compared with the same period last year. BCE’s operating income was up just 0.4% to $898 million, as higher EBITDA offset higher amortization and restructuring expenses. The parent company experienced higher revenues at Bell Canada, Bell Aliant, and Telesat. However, Bell’s operating income declined 1.0% from Q2 of 2006, to $681 million. There’s better news on the earnings per share front, as BCE’s net EPS was $0.83 for the second quarter, compared with $0.53 for the same period last year....