Bell Aliant Q2 revenue slips 0.7%

25 Jul 2012

Atlantic Canadian telco Bell Aliant has posted a slight drop in operating revenue to CAD688 million (USD675 million) in the second quarter of 2012, from CAD693 million in the year-ago period. The company attributed the 0.7% drop to a fall in local and long distance revenues driven by lower network access services (NAS), but the triple-play network operator said the declines were largely offset by growth in all other major revenue categories, led by TV and broadband internet, and helped by the ongoing rollout of fibre access infrastructure. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell 1.1% year-on-year to CAD330 million in the three months ended 30 June 2012, as CAPEX spending increased by 14.8% to CAD154 million. Bell Aliant reported net earnings of CAD79 million for the second quarter of 2012, compared to CAD83 million in the same three-month period of 2011. The firm passed an additional 58,000 homes and businesses with its fibre-to-the-home (FTTH) network during the reporting period, bringing its total FTTH coverage to 574,000 premises at the end of June 2012. Direct fibre-based ‘FibreOP TV’ customers grew by 15,200 in the quarter (around half converting from xDSL-based services) to reach 75,500 at mid-2011. Bell Aliant’s overall high speed internet base stood at 906,200, up 2.6% year-on-year, while IPTV customers reached 95,100 at the end of June, following net IPTV customer additions of 10,200 in the second quarter.

Canada, Bell Aliant (old)