Telus has reported their 2017 Q3 earnings, seeing growth in its wireless segment which added 115,000 net postpaid wireless subscribers, an increase of 28,000 compared to the year ago quarter.
Wireless network revenues grew 6.8% or $115 million to $1.8 billion compared to the year ago quarter, led by subscriber growth (including those from MTS), higher two-year rate plans, increased data plan usage and higher roaming revenues.
Industry metric blended average revenue per user (ARPU), increased 3% to $68.67, which Telus says “represents our twenty-eighth consecutive quarter of year-over-year growth.”
The company also saw its churn rate—the percentage of subscribers who cancelled services—come in at 0.86%, an 8 basis points decline compared to the year ago quarter.
“TELUS reported strong third quarter results as we continue to drive high quality wireless, Internet and TV customer additions, anchored by solid revenue and EBITDA growth and industry-leading performance for customer service and loyalty,” said Darren Entwistle, President and CEO, in a press release.
Overall operating revenues for Telus grew 4% to $3.3 billion, while net income increased 4.2% to $370 million compared to the year ago quarter.
Telus now has 8,824,000 total wireless subscribers, a 3.7% increase compared to the year ago quarter.