Cable / Telecom News

Internet, TV revenues boost profits at Bell Aliant

HALIFAX – Bell Aliant recorded net earnings of $75.8 million in its third quarter due in large part to growth in its Internet and TV revenues. The company noted Tuesday that net income for the quarter ended September 30 included a $27 million restructuring charge associated with a voluntary retirement offer to unionized employees.  Operating revenues for the quarter were $700 million, down 0.5% versus the same quarter of 2010. President and CEO Karen Sheriff said that the company’s investment in its fibre-to-the-home network FibreOP continues to exceed expectations.  Bell Aliant continued to expand its FTTH footprint this quarter, adding...