BCE Sees Uptick In Revenues

Satellite operator Telesat Canada, a wholly owned subsidiary of BCE Inc., garnered revenues of 113.5 million Canadian dollars in the 2006 third quarter, up slightly from revenues of 112.2 million Canadian dollars in the 2005 third quarter, the company announced Nov. 1.

Telesat posted earnings of 19.8 million Canadian dollars, down 22 percent from earnings of 25.3 million Canadian dollars in the same period a year ago. Telesat attributed the drop to higher operating and amortization expenses in the most recent quarter, which closed Sept. 30. Included in operating expenses are certain one-time charges to compensation resulting from executive changes in September.