Bell Aliant issues results, forecasts

4 Feb 2009

Regional Canadian telco Bell Aliant has posted 0.9% year-on-year rises in both operating revenues and EBITDA for full-year 2008, to CAD3.28 billion (USD2.64 billion) and CAD1.45 billion, respectively. Annual CAPEX fell by 2.4% to CAD529 million. High speed internet subscribers increased by 10.7% in twelve months, to 762,000 at end-December, with broadband monthly ARPU in the fourth quarter of 2008 reaching CAD36.71, up by 6.7% compared to the same quarter of 2007. Fixed line subscribers stood at 3.09 million at end-2008, down from 3.20 million a year earlier. Bell Aliant also issued guidance for 2009, including operating revenues of between CAD3.18 billion and CAD3.28 billion. Capital expenditures are expected to be between 13.5% and 14.5% of operating turnover in 2009 (down from 16% in 2008), with expansion of broadband services a strategic priority.

Canada, Bell Aliant (old)