Telus Q4 2014: Strong Customer Growth with 118,000 New Postpaid Subscribers
After Rogers and Bell, it was TELUS’ turn to report its fourth quarter earnings, which show an expanding company with strong customer growth. TELUS reported operating revenues of $3.1 billion, up 6.1% from $2.9 billion compared to the same period the previous year. Net income was $312 million, higher by 7.6%, and basic earnings per share were up 8.5% to $0.51.
Wireless network revenue is up 8%, or $115 million, from a year ago to $1.5 billion in the fourth quarter of 2014, driven by growing subscriber base, higher data usage and wholesale data roaming revenues, as well as increased customer adoption of higher-rate two-year plans.
TELUS added 118,000 new postpaid wireless subscribers during the holiday quarter, up 4.4% compared to the same period a year ago, while prepaid net losses (excluding Public Mobile) of 8,000 improved by 14,000 year-over-year. The total wireless subscriber base rose (without counting Public Mobile) 3.8% to 8.1 million.
Smartphone owners represent 81% of the carrier’s postpaid base, up from 77%, while higher-value postpaid subscribers account for roughly 88% of TELUS’ total subscriber base.
Blended ARPU is up — as with Rogers and Bell — by 3.8% to $64.20. This is the fourteenth consecutive quarter of growing ARPU.