Bell Aliant plans an upgrade

Article Excerpt

BELL ALIANT REGIONAL COMMUNICATIONS INCOME FUND $26.30 (Toronto symbol BA.UN: SI Rating: Above Average) plans to spend $60 million to convert its network, which connects 70,000 homes and businesses in Saint John and Fredericton, New Brunswick, to fibre-optic cable. Switching to fibre-optic cable will allow for faster Internet downloads. It will also let Bell Aliant sell an Internet-based television service to its phone customers. This should help the company fend off strong competition from cable companies and hang on to its current customers. Bell Aliant is still a buy. buy…