Cable / Telecom News

Solid Q1 at Amtelecom

AYLMER, Ont. - For the first quarter of 2007, Amtelecom Income Fund generated revenues from telecommunications, cable TV and Internet operations of $7.7 million, earnings before financing costs, income taxes and amortization (EBITDA) of $3.5 million and net earnings of $1.6 million, all increases. These results compare to Q1 2006 revenues of $7.2 million, EBITDA of $3.2 million and net earnings of $900,000. For the three month period ending March 31, 2007, the Fund declared distributions to unitholders totaling $0.30 per unit which is equal to the amount declared in the same period ending March 31, 2006. "We are pleased...