Telus Q3 2015: Wireless Subscriber Base up 2.8% to 8.4 Million


Operating revenue is up 4.2% to $3.2 billion, and wireless data revenue has jumped 12% from a year ago, leading to overall network revenue growth of 4%, according Telus, Canada’s second-largest wireless carrier, as reported today.

During the third quarter of 2015, wireless network revenue increased by $62 million (or 4%) to $1.6 billion, driven by the spike in network data revenue, subscriber growth, and an increased (but moderating) proportion of two-year plans, the expansion of Telus’s LTE network, and increased data roaming.

In the past three months, Telus has attracted 69,000 wireless postpaid customers, while prepaid net additions has remained flat. The total wireless subscriber base is up 2.8% from a year ago to 8.4 million, the carrier reported.

Blended ARPU was up 1.1% to $64.22, reflecting Telus’s twentieth consecutive quarter of year-over-year growth.

Telus says it will lay off 1,500 full-time workers, and that, of those, a notable number accounts for voluntary departures and early retirements. “The cost-cutting move is a necessary element of aligning our organization with the growth, customer service and capital allocation activities we are implementing”, said Darren Entwistle, President and CEO of Telus.