December 21, 2014 10:29 PM ET

Diversified Telecommunication Services

Company Overview of Bell Aliant Inc.

Company Overview

Bell Aliant Inc., through its subsidiaries, provides regional telecommunications services to residential and business customers in Atlantic Canada, Ontario, and Quebec. The company offers communication, information, and entertainment services, including voice, TV, Internet, data, video, wireless, value-added business solutions, and home security. It also provides local and long distance, and other services, as well as network access, license, hosting, and maintenance services; and sells equipment. In addition, the company offers FibreOP, a fibre-to-the-home network service through Internet and television; and is involved in the rental of telephone sets. Bell Aliant Inc. is headquartered in H...

7 South Maritime Centre

1505 Barrington Street

Halifax, NS B3J 3K5

Canada

Key Executives for Bell Aliant Inc.

Chief Executive Officer
Age: 56
Chief Legal Officer
Age: 60
Senior Vice President of Customer Experience
Senior Vice President of Customer Solutions
Senior Vice President of Corporate Strategy
Compensation as of Fiscal Year 2014.

Bell Aliant Inc. Key Developments

Bell Aliant Inc. Reports Unaudited Earnings Results for the Third Quarter Ended September 30, 2014

Bell Aliant Inc. reported unaudited earnings results for the third quarter ended September 30, 2014. For the third quarter, the company reported net earnings of $59 million in the third quarter of 2014, down $22 million from the same quarter in 2013, driven by an increase in financial advisory, professional and consulting fees, and other costs associated with the Privatization transactions. Earnings per share and adjusted earnings per share for the third quarter of 2014 were $0.26 and $0.44 respectively, compared to $0.35 and $0.42 in the third quarter of 2013. The company's revenues increased 0.4% in third quarter of 2014 to $699 million from $696 million last year, as growth in Internet, TV, other data and wireless revenues exceeded the declines in local, long distance and other revenues. Despite higher year-over-year operating revenues, the company's Adjusted EBITDA decreased 2.2% this quarter to $317 million from $324 million in third quarter of 2013, due to higher operating costs related to growth of its FibreOP services and customer base. Negative free cash flow was $53 million against $77 million a year ago.

Bell Aliant Inc. Expands FTTH Network in Kent County, New Brunswick

Bell Aliant Inc. has announced the expansion of its fibre-to-the-home, or FTTH, network to 4,177 homes and businesses in Kent County, New Brunswick, Canada. Customers in all three communities can pre-register now for installations later this fall. FibreOP is now available in almost every part of New Brunswick. FibreOP provides the fastest Internet and simply the best TV experience. FibreOP can easily handle multiple connected devices, large data files and streaming video with Internet download speeds of up to 250 Mbps, and upload speeds as high as 30 Mbps, and with a FibreOP bundle, customers save on the best of everything. FibreOP is available to more than 879,000 homes and businesses in 89 communities across Atlantic Canada, Ontario and Quebec. Bell Aliant is on target to reach one million premises passed by the end of 2014.

BCE Inc. and Bell Aliant Inc. Announce Retirement of Karen Sheriff as President and CEO, Effective Dec. 31, 2014

BCE Inc. and Bell Aliant Inc. announced that Bell Aliant President and CEO Karen Sheriff will retire from the BCE group on December 31, 2014. On September 22, BCE and Bell Aliant announced that BCE's privatization of Bell Aliant is expected to close on or about October 31. Upon close of the transaction, Bell Aliant will cease operating as a publicly traded company and be integrated into BCE's national operations.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 23, 2014
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