Good quarter for Bell Alliant

Article Excerpt

BELL ALIANT INC. $26 (Toronto symbol BA; Shares outstanding: 227.8 million; Market cap: $5.9 billion; TSINetwork Rating: Above Average; Dividend yield: 7.3%; www.aliant.ca) earned $0.45 a share in the three months ended March 31, 2012. That’s up 2.3% from $0.44 a year earlier. Revenue was unchanged at $682.0 million. Strong demand for high-speed Internet and TV services offset lower revenue from traditional phone (or land line) subscribers and long-distance calls. Bell Aliant’s high-speed fibre optic systems now reach 516,000 homes. It plans to expand this to 650,000 homes by the end of 2012. Bell Aliant is a buy. buy…