Cable / Telecom News

Q3 revenues fall at Bell Aliant

HALIFAX – A decline in local and long distance revenues combined with slowing product sales caused operating revenues at Bell Aliant to fall by 2.6% for its third quarter.The three month revenues for the quarter ended September 30, 2009 dipped to $786 million from $807 million.  Despite the revenue declines, labour-related cost reductions from restructuring programs and on-going “cost containment initiatives” resulted in an increase in EBITDA of $4 million (or 1.1%) over the same quarter a year earlier, a continued trend from earlier quarters of 2009, the company detailed."I am very satisfied with our overall progress this quarter, where despite continued...