Stumble Upon

del.icio.us

Digg

Facebook

Print

Email

Speak Up

Bell Aliant has no plans sell off its Xwave and Innovatia subsidiaries following the sale of a specialized defence group to an international aerospace firm.

Enlarge Photo

AROUND TOWN: Xwave’s Fredericton office is located downtown on King street.

"Xwave plays an important role in the (information and communications technology) area for Bell Aliant and we've said from the very beginning that we want to make it more efficient, which we did in 2007 and where it could really benefit Bell Aliant overall," said Stephen Wetmore, CEO of Bell Aliant Regional Communications Income Fund during a conference call with investors.

Xwave accounted for $87 million of the $823 million in gross revenue Bell Aliant posted in the second quarter of 2008. During the same period, Aliant saw a decline in local service and long distance, which fell by 2.4 per cent and 4.8 per cent respectively.

Alyson Queen, spokeswoman for Bell Aliant, said after the conference call that both Xwave and Innovatia remain important parts of Bell Aliant.

Xwave has roughly 1,500 employees and posted revenues of about $300 million in 2007. Xwave plans, designs, builds and operates complete information and communications technology solutions for businesses.

Innovatia provides knowledge management and e-learning solutions to businesses.

Innovatia employs more than 300 people globally and serves over 1,500 customers in 29 countries around the world from offices in Canada, the United States and Europe.