Call-Net reports solid quarter, buys Group Telecom pieces

TORONTO - Call-Net Enterprises Inc., otherwise known as Sprint Canada, reported revenue and EBITDA increases during the first quarter, ended March 31, 2005. Revenue same in at $216 million, a 7% increase over Q1 2004 and EBITDA of $36 million was a 35% increase over Q1 2004. However, Call-Net recorded a net loss in the quarter of $13 million, compared with a net loss of almost $30 million in the first quarter of 2004. “We delivered very positive results during the first quarter, both as a results of the Bell/360 acquisition and reductions in carrier costs driven by regulatory changes,"...