Bell Posts Strong Q3 Results with Wireless Revenue up 7%

Bell

Bell reported $5.195 billion in revenue for the past quarter up 1.9% compared to the same period a year ago, when it stood at $5.099 billion. Profit for the Q3 of this year was 83 cents per share, exceeding analyst expectations of 77.

BCE’s wireless segment has posted an incredible quarter with sales growing 7% to $1.6 billion, as the carrier added 90,976 wireless postpaid customers. However, this is a slight (1.9%) drop when compared to last year’s 102,714 new customers.

The percentage of postpaid customers totaled 6,868,818 at the end of this quarter, rising 2.8% compared to last year, and the total number of Bell customers grew 1.1% to 7,887,193.

Blended average revenue per user (ARPU) jumped 5.9% to $61.73, driven by increased data usage on the expanding Bell LTE network.

According to Bell’s press release, the carrier increased its LTE network speeds by as much as 45% across the country through spectrum aggregation. LTE coverage reached 84% of the population by the end of this quarter and the company has ambitions to reach more than 98% coverage by the end of next year, as it rolls out services in more rural locations and Canada’s North.

Technology enthusiast, rocker, biker and writer of iPhoneinCanada.ca. Follow me on Twitter or contact me via email: istvan@iphoneincanada.ca

  • jabohn

    Hey Bell, I’m still getting 1-2 bars and sometimes no connection in my apartment!

  • Tim

    well, I guess revenue will always go up, just as long as you remember to raise your prices when you need to