Internet, IT growth can't offset telephone losses at Bell Aliant

HALIFAX – While operating revenues were down $10 million in its first quarter, Bell Aliant said its results are “solid” and “well in-line” with expectations. Operating revenues dipped 1.2% for the quarter, compared to the first quarter of 2008, as local, long distance, and other revenue declines more than offset increases in Internet and information technology revenues, the company press release read. EBITDA in the quarter increased by $2 million from the same quarter a year earlier, as operating revenue declines were offset by labour-related cost reductions and other cost containment initiatives. EBITDA margin improved to 43.0%, up from 42.2% from...