Cable / Telecom News

Profits up, revenue down at Bell Aliant


HALIFAX – Despite declining revenues, Bell Aliant nearly doubled its second quarter profits.On Wednesday, the company reported a net profit of $82.7 million for the second quarter ended June 30th, versus net earnings of $46.5 million for the same period in 2010. Operating revenues dipped 1.1% ($7 million) year-over-year, which it attributed to lower local and long distance revenues from lower network access services (NAS), which were partially offset by increases in Internet and TV revenues.  EBITDA declined 2.8% ($9 million) as a result of the lower revenues plus a $2 million increase in pension current service costs.President and CEO...