Bell Q2 2017: Wireless Revenue Up 12.9%, as Data Usage Increases 26%
Bell has announced its second quarter results for 2017, which saw strong wireless growth, as revenue grew 12.9% compared to the year ago quarter to $1.96 billion.
The company added 88,611 net postpaid wireless subscribers, while the industry metric, average revenue per user (ARPU) increased by 4.6% to $67.28, boosted by a full quarter of contribution from its recent acquisition of MTS, and more customers on higher-rate plans. Bell, along with Rogers, recently increased data overages for new customers to $70 for 1GB.
Meanwhile, the company’s churn rate—customer turnover—decreased to 1.08%, its lowest quarterly churn in over a decade.
Wireless data usage by customers increased by 26% compared to the year ago quarter; Bell now has 8,126,264 wireless postpaid subscribers, an increase of 8.8% compare to a year ago. Total wireless customers now stand at 8,901,291, which also reflects 104,833 wireless customers moved to TELUS as part of Bell’s MTS acquisition.
Rogers reported their Q2 earnings last month, which saw gains thanks to its wireless division. TELUS is set to announce their Q2 earnings next week.