Commission decision hits Amtelecom parent

AYLMER, Ont. - Amtelecom Income Fund, the parent company of Amtelecom Communications, a cable and telephone company in southwestern Ontario, reported decreased revenues and earnings for the first quarter of 2005, ended March 31st. For the first quarter of 2005, the Fund generated revenues from telecommunications, cable TV and Internet operations of $5.7 million, earnings before interest, taxes and amortization (EBITDA) of $2.7 million and net earnings of $1.0 million ($0.17 per unit). This compares to revenues from telecommunications, cable TV and Internet operations of $5.8 million, EBITDA of $2.7 million and net earnings of $1.1 million ($0.18 per unit)...