Cable & Telecom

Solid Q4 for Amtelecom

AYLMER, Ont. - Amtelecom Income Fund, which owns telecom and cable firm Amtelecom Communications, said during the fourth quarter of 2005, ended December 31st, it reported net earnings of $1 million and declared cash distributions of $1.79 million. For the year ended December 31, 2005, the fund reported net earnings of $4.5 million and declared cash distributions of $7.1 million. " Fourth quarter earnings were in line with our expectations." said Michael Andrews, president and CEO. "As expected, we completed our Service Improvement Plan during the year and this $10.2 million investment in Amtelecom's network infrastructure over the last five...