Telus 2014 Q1: Wireless Network Revenue up 5.3% to $1.44 Billion
Canada’s No. 2 wireless player has recorded 5% revenue growth compared to last year, reaching $2.9 billion, mainly driven by a 5.6% rise in wireless revenue and 4.4% growth in wireline revenue, according to Telus’ first-quarter results published this morning.
As the press release points out, Telus’ wireless network revenue rose by $72 million (5.3%) to $1.44 billion, during the first quarter of this year compared to the same period a year ago due to continuous subscriber growth and higher blended ARPU.
Darren Entwistle, TELUS President and CEO said “TELUS delivered strong revenue and profitable growth in the first quarter driven once again by strong results from both our wireless and wireline operations. This positive start to the year reflects our longstanding strategic focus on investing in advanced broadband technologies and services, and our commitment to delivering exceptional customer experiences. During the quarter, TELUS gained 96,000 new wireless postpaid, TV and high-speed Internet net additions, while delivering an industry-leading postpaid wireless churn rate of 0.99 per cent and the best access line retention results we have experienced in the past seven years. Importantly, this represents our third consecutive quarter delivering a postpaid churn rate below one per cent and the fourteenth sequential quarter of improving ARPU, further exemplifying the success of our differentiated customers first culture coupled with attractive new products and services.”
Telus now has a total of 7.8 million wireless subscribers, excluding Public Mobile. During the analyzed period, the carrier added 48,000 postpaid subscribers, and as of the end of Q1 2014, postpaid subscribers represent 87% of the carrier’s 7.8 million subscriber base.
Of those, smartphone users represent 78%, up 10% from a year ago, when they accounted for 68%.
The past quarter is Telus’ fourteenth consecutive period of year-over-year growth in blended ARPU, which increased 2% to $61.24.