Dominion Lending Centres Clearlease Reports Bell Aliant (TSX:BA) net earnings for the three months ended March 31 at $84.1 million
VANCOUVER, BC – (May 6, 2011) Clearlease Reports Bell Aliant expects more growth for its TV and high-speed Internet services but its financial results will be “under pressure” in the short term as it makes investments to win more customers, its chief executive said Friday.
“Our industry is competitive, which makes it essential for us to make the investments we are making to gain the significant competitive advantage,” president and CEO Karen Sheriff told analysts.
“In the interim, we expect our shorter-term financial results to be under pressure as we build the scale we need to grow our profitability,” Sheriff said, after the regional telecom company reported a big drop in its first-quarter profit.
Bell Aliant (TSX:BA) reported Thursday after the markets closed that net earnings for the three months ended March 31 were $84.1 million or 37 cents a share, compared with $301.3 million or $2.37 in the prior-year period.
Operating revenue was $682 million, down from $689 million as growth in Internet and TV revenues was more than offset by declines in local and long distance revenues.
But Sheriff said that Bell Aliant is on the way to having a competitive advantage with the technological capabilities of its Internet and TV services.
“This is fundamental to our future success and our progress thus far bodes very well for us in our business,” she said on a conference call to discuss the first-quarter results.
Sheriff said Bell Aliant now offers higher Internet speeds that allows customers to have equally fast uploading and downloading speeds, a service she believes will give it a competitive advantage to win and keep customers and lower costs.
“We will be the first in our market with this capability.”
Most of the subscribers for new Internet service also subscribed to Bell Aliant’s Internet-protocol TV service, she said.
Sheriff said revenue from the Halifax company’s Internet protocol TV service was $9 million and 4,400 new customers were added in the quarter, bringing the total to 54,000 IPTV customers or about 14 per cent penetration.
“We expect to see strong TV growth going forward.”
Bell Aliant’s TV service now allows consumers to do such things as record four programs at the same time and control their personal video recorder from any location in the home, services that other telecom companies also offer.
The Halifax-based telecom plans to reach more than 600,000 homes and business with the fibre optic network by the end of 2012, It added 44,000 more homes and businesses to the network in the quarter, bringing the total to 178,000.
Such networks allows faster downloads of data such as music or movies and the ability to share video and photos faster. It is also used for digital TV services such as high definition television and high-speed Internet.
Bell Aliant provides telephone, Internet, television and other services to customers in six Canadian provinces and is partly owned by BCE (TSX:BCE).
RBC Capital Markets analyst Jonathan Allen said Bell Aliant’s results were in line with expectations and revenues were down only slightly.
Allen said revenues in Atlantic Canada were up three per cent in the quarter compared with the same period in 2010 and reflects a “stabilized” competitive environment with room for rate increases.
This contrasts with Ontario and Quebec regions where cable phone competition is newer and revenues have yet to stabilize, he said.
“The Atlantic performance, however, gives us some measure of comfort — that eventually the whole business could turn back to positive revenue growth, though we believe this is likely still several years away,” he wrote in a research note.
Bell Aliant shares were down 14 cents at $26.88 in early afternoon trading on the Toronto Stock Exchange.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC – (May 6, 2011) Clearlease Reports Bell Aliant expects more growth for its TV and high-speed Internet services but its financial results will be “under pressure” in the short term as it makes investments to win more customers, its chief executive said Friday.
“Our industry is competitive, which makes it essential for us to make the investments we are making to gain the significant competitive advantage,” president and CEO Karen Sheriff told analysts.
“In the interim, we expect our shorter-term financial results to be under pressure as we build the scale we need to grow our profitability,” Sheriff said, after the regional telecom company reported a big drop in its first-quarter profit.
Bell Aliant (TSX:BA) reported Thursday after the markets closed that net earnings for the three months ended March 31 were $84.1 million or 37 cents a share, compared with $301.3 million or $2.37 in the prior-year period.
Operating revenue was $682 million, down from $689 million as growth in Internet and TV revenues was more than offset by declines in local and long distance revenues.
But Sheriff said that Bell Aliant is on the way to having a competitive advantage with the technological capabilities of its Internet and TV services.
“This is fundamental to our future success and our progress thus far bodes very well for us in our business,” she said on a conference call to discuss the first-quarter results.
Sheriff said Bell Aliant now offers higher Internet speeds that allows customers to have equally fast uploading and downloading speeds, a service she believes will give it a competitive advantage to win and keep customers and lower costs.
“We will be the first in our market with this capability.”
Most of the subscribers for new Internet service also subscribed to Bell Aliant’s Internet-protocol TV service, she said.
Sheriff said revenue from the Halifax company’s Internet protocol TV service was $9 million and 4,400 new customers were added in the quarter, bringing the total to 54,000 IPTV customers or about 14 per cent penetration.
“We expect to see strong TV growth going forward.”
Bell Aliant’s TV service now allows consumers to do such things as record four programs at the same time and control their personal video recorder from any location in the home, services that other telecom companies also offer.
The Halifax-based telecom plans to reach more than 600,000 homes and business with the fibre optic network by the end of 2012, It added 44,000 more homes and businesses to the network in the quarter, bringing the total to 178,000.
Such networks allows faster downloads of data such as music or movies and the ability to share video and photos faster. It is also used for digital TV services such as high definition television and high-speed Internet.
Bell Aliant provides telephone, Internet, television and other services to customers in six Canadian provinces and is partly owned by BCE (TSX:BCE).
RBC Capital Markets analyst Jonathan Allen said Bell Aliant’s results were in line with expectations and revenues were down only slightly.
Allen said revenues in Atlantic Canada were up three per cent in the quarter compared with the same period in 2010 and reflects a “stabilized” competitive environment with room for rate increases.
This contrasts with Ontario and Quebec regions where cable phone competition is newer and revenues have yet to stabilize, he said.
“The Atlantic performance, however, gives us some measure of comfort — that eventually the whole business could turn back to positive revenue growth, though we believe this is likely still several years away,” he wrote in a research note.
Bell Aliant shares were down 14 cents at $26.88 in early afternoon trading on the Toronto Stock Exchange.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports Bell Aliant (TSX:BA) net earnings for the three months ended March 31 at $84.1 million
VANCOUVER, BC – (May 6, 2011) Clearlease Reports Bell Aliant expects more growth for its TV and high-speed Internet services but its financial results will be “under pressure” in the short term as it makes investments to win more customers, its chief executive said Friday.
“Our industry is competitive, which makes it essential for us to make the investments we are making to gain the significant competitive advantage,” president and CEO Karen Sheriff told analysts.
“In the interim, we expect our shorter-term financial results to be under pressure as we build the scale we need to grow our profitability,” Sheriff said, after the regional telecom company reported a big drop in its first-quarter profit.
Bell Aliant (TSX:BA) reported Thursday after the markets closed that net earnings for the three months ended March 31 were $84.1 million or 37 cents a share, compared with $301.3 million or $2.37 in the prior-year period.
Operating revenue was $682 million, down from $689 million as growth in Internet and TV revenues was more than offset by declines in local and long distance revenues.
But Sheriff said that Bell Aliant is on the way to having a competitive advantage with the technological capabilities of its Internet and TV services.
“This is fundamental to our future success and our progress thus far bodes very well for us in our business,” she said on a conference call to discuss the first-quarter results.
Sheriff said Bell Aliant now offers higher Internet speeds that allows customers to have equally fast uploading and downloading speeds, a service she believes will give it a competitive advantage to win and keep customers and lower costs.
“We will be the first in our market with this capability.”
Most of the subscribers for new Internet service also subscribed to Bell Aliant’s Internet-protocol TV service, she said.
Sheriff said revenue from the Halifax company’s Internet protocol TV service was $9 million and 4,400 new customers were added in the quarter, bringing the total to 54,000 IPTV customers or about 14 per cent penetration.
“We expect to see strong TV growth going forward.”
Bell Aliant’s TV service now allows consumers to do such things as record four programs at the same time and control their personal video recorder from any location in the home, services that other telecom companies also offer.
The Halifax-based telecom plans to reach more than 600,000 homes and business with the fibre optic network by the end of 2012, It added 44,000 more homes and businesses to the network in the quarter, bringing the total to 178,000.
Such networks allows faster downloads of data such as music or movies and the ability to share video and photos faster. It is also used for digital TV services such as high definition television and high-speed Internet.
Bell Aliant provides telephone, Internet, television and other services to customers in six Canadian provinces and is partly owned by BCE (TSX:BCE).
RBC Capital Markets analyst Jonathan Allen said Bell Aliant’s results were in line with expectations and revenues were down only slightly.
Allen said revenues in Atlantic Canada were up three per cent in the quarter compared with the same period in 2010 and reflects a “stabilized” competitive environment with room for rate increases.
This contrasts with Ontario and Quebec regions where cable phone competition is newer and revenues have yet to stabilize, he said.
“The Atlantic performance, however, gives us some measure of comfort — that eventually the whole business could turn back to positive revenue growth, though we believe this is likely still several years away,” he wrote in a research note.
Bell Aliant shares were down 14 cents at $26.88 in early afternoon trading on the Toronto Stock Exchange.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk