Cable / Telecom News

New customers boosts Amtelecom

AYLMER – Thanks to an acquisition completed earlier this year, Amtelecom Income Fund posted revenue gains in the third quarter of 2006, ended September 30th. Amtelecom Income Fund owns and operates cable TV, telco and Internet operator Amtelecom.For the third quarter of 2006, the Fund generated revenues of $7.9 million, earnings before financing costs, income taxes and amortization (EBITDA) of $3.5 million and net earnings of $400,000. This compares to revenues of $6.1 million, EBITDA of $3 million and net earnings of $1.1 million in the third quarter of 2005. For the nine month period ending September 30, 2006, the...