Telus 2011 Q3 Profits Jump 30% Led by Smartphone Growth
Telus 2011 third quarter results were posted yesterday and the company announced revenue of $2.6 billion, a 6.5% increase compared to the year ago quarter. Wireless revenue grew 9%, led by an increase in 133,000 postpaid subscribers that caused a 53% spike in wireless data revenue.
Telus ARPU (average revenue per user) has grown for four consecutive quarters and now leads all wireless providers at $60.52 thanks to a 3% increase (whereas Rogers had a 4% net decline). Out of the 334,000 new wireless customers signed by the ‘Big 3’ last quarter, Telus nabbed 40% of these customers.
Telus appears to be doing something right–investors are probably thinking the ‘future is friendly’.
2011 Q3 Wireless Subscribers Comparison
Rogers: 74,000 postpaid added; 87,000 pre-paid added
Bell: 126,854 postpaid added; 41,105 pre-paid lost
Telus: 133,000 postpaid added; 19,000 pre-paid lost