Yesterday, Bell announced their 2012 Q1 earnings. Their wireless division EBITDA (earnings before interest, taxes, depreciation, and amortization) increased 13% to $521 million, thanks to revenue growth of 5.5%. Bell activated 62,576 postpaid customers and smartphone adoption continued to rise, representing 52% of total postpaid subscribers. This was an increase of 34% compared to the year ago quarter. In contrast, Rogers acquired 47,000 postpaid subscribers but 60% of these users were smartphone owners.
Increased smartphone adoption resulted in higher mobile data revenue growth of 31% (Bell Mobile TV helped data revenue growth) and blended ARPU (average revenue per user) at $53.84.
CEO of BCE, George Cope:
“In Q1, we increased our smartphone customers and mobile data revenue significantly as we continued to roll out our new 4G LTE mobile network and enhance our industry-leading Bell Mobile TV service,”
Overall profit increased 14% for BCE to $574 million, based on $4.9 billion in revenue, which also rose almost 10% compared to the year ago quarter.
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As a former bell employee. I hope they crash and burn
In other news:
62,576 idiots signed a contract with the devil to be price-gouged, ripped off and robbed by the devil (Bell) instead of doing their homework and signing with a 3rd party, smaller company like Public Mobile (I know, it’s Rogers) or Videotron.
Haha you’re an idiot. Smaller 3rd party companies are crap. WIND, Videotron, etc. They’re going to be absorbed in the next few years anyway.
No so, you are. Those “crappy” third parties have reduced average cell phone bills by 50% due to competition pressure on the big 3. Quantify “few” will you? They’ve been in existence for a solid 3 years now and there is no sign of sales, buyouts, or bankruptcy. On the other hand, the Big 3 (Bell and Rogers especially) show signs of collusion, corruption, disregard for the law, tampering, illegal throttling, price gouging, price fixing and disillusionment!
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