Telus Q1 2017: 44,000 New Postpaid Subs; Wireless Revenue Up 6.4%
Higher revenue from data services, along with subscriber growth in both wireless and wireline operations, has pushed Telus’ overall revenue up 2.9% year-over-year to CAD$3.2 billion for the first quarter of 2017, according to a press release issued by the carrier.
Wireless network revenue grew by $100 million (6.4%) compared to the same period a year ago to $1.7 billion, as Canadians seem to prefer plans with larger data buckets or topping up their data buckets.
During the three months ending March, Telus’ postpaid subscriber base also grew by 44,000 subscribers. That’s 36,000 more than for the same period a year ago, the carrier highlights. In the first quarter of 2016, Telus added only 8,000 postpaid subscribers, due to economic slowdown. Telus’ total wireless subscriber base is at 8.6 million as of the end of the first quarter, up 2.3% from a year ago, reflecting a 3.8% increase in the postpaid subscriber base to 7.6 million.
The key metric of a telco’s performance, blended ARPU (average revenue per user), looks good, having increased by 3.9% to $65.53, representing Telus’ twenty-sixth consecutive of year-over-year growth.
Telus also expanded its investment in Manitoba to improve coverage, capacity and speeds to significantly enhance customer service and supplement the business acquisition of Bell MTS subscribers, dealers and network, the carrier announced.