TELUS announced their 2013 Q2 results today, with revenue of $2.83 billion, an increase of 6.5% compared to the year ago quarter.
As for its wireless revenues, they increased 5.9% to $1.5 billion, driven by continued growth in data services and postpaid subscribers. Data revenue increased 17% to $601 million, equating to 43% of wireless network revenue in the quarter. Blended average revenue per user (ARPU) increased 1.4% to $61.12 to offset a 6.2% decline in voice ARPU.
TELUS added 100,000 postpaid subscribers, bringing its subscriber base to 7.7 million users, an increase of 3.5% compared to the year ago quarter. Users continue to adopt smartphones which has resulted in continued growth in data revenues. CEO Darren Entwistle was proud to announce the comapny’s “industry-leading low postpaid wireless churn rate of only 1.03 per cent per month,” a sign it is retaining customers better than its rivals.
Want to see more of our stories on Google?
P.S. Want to keep this site truly independent? Support us by buying us a beer, treating us to a coffee, or shopping through Amazon here. Links in this post are affiliate links, so we earn a tiny commission at no charge to you. Thanks for supporting independent Canadian media!
It appears that they have lots of room to cut rates.
bad timing for them to cry unfair when they all seem to be making record profits