Bell Aliant chimes up for round two of fibre rollout; posts EBITDA rise

4 Feb 2010

Canadian regional full-service telco Bell Aliant has reported its full-year results for 2009, posting total revenues of CAD3.174 billion (USD2.999 billion), down by 2.2% from 2008’s restated figure of CAD3.246 billion, primarily as a result of declines in local and long-distance telephony turnover, partly offset by increases in internet and IT sales. EBITDA, however, climbed by 1.1% from CAD1.450 billion in 2008 to CAD1.466 billion the following year, while total capital expenditure fell by 11.8% to CAD465 million in 2009, reflecting a ‘streamlined’ investment programme and the completion of the backhaul project to support sister company Bell Mobility which began in the fourth quarter of 2008. Alongside the financial release, Karen Sheriff, President and CEO of Bell Aliant, made the following announcement on the company’s forthcoming fibre-to-the-home (FTTH) broadband access network expansion: ‘I am thrilled to announce that in 2010 we will more than double our 2009 spending on fibre technology to pass 140,000 homes with FTTH by the end of this year. With this investment we are accelerating and leveraging our natural assets of aerial footprint and low density geography to invest for the future. We expect to continue to gain efficiencies in our capital programme, and this, in combination with the completion of a significant capital project in 2009, will allow us to advance our fibre network this year without increasing our overall capital spending from 2009 levels.’

Canada,Bell Aliant (old),

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