Revenues at Bell Aliant shrink 2.9%, but company "on track"

HALIFAX – Operating revenues at Bell Aliant dipped by 2.9% in its second quarter, but the company saw its saw EBITDA increase 1.9% from a year earlier.The regional communication provider reported operating revenues of $23 million for the quarter ended June 30, 2009, explaining the shortfall as a result of the timing of information technology equipment sales and declines in its local and long distance revenues associated with lower network access services.Despite the revenue declines, Bell Aliant said that labour-related cost reductions and cost containment initiatives accounted for the majority of the EBITDA increase, which was $7 million higher than the same quarter...