
Despite fewer new postpaid subscribers, Telus Corp has been able to meet analysts’ profit estimates for the quarter ended June 30.
According to CNBC News, the Vancouver-based telecom giant added 87,000 postpaid wireless customers in the previous quarter as compared to 99,000 in the same quarter a year prior.
The company said average monthly wireless bill rose to C$67.24 in the second quarter from C$66.87, helped by customers streaming more videos online.
Telus Corp is engaged in a heated battle with BCE Inc, Rogers Communications Inc and Shaw Communications for wireless customers that has prompted carriers to spend heavily on marketing and customer promotions.
Telus revealed that its net income attributable to its shareholders rose marginally to CAD $390 million. Excluding items, the company earned 70 cents per share in line with analysts’ average estimates. Meanwhile, its operating revenue rose 5.3% to CAD $3.45 billion.
In comparison, both BCE and Rogers saw their number of postpaid wireless customers rise during the quarter.
Other articles in the category: News
Apple ‘Reality Pro’ Headset Concept Imagines Tethered Battery Pack [PICS]
[caption id="attachment_389490" align="aligncenter" width="1400"] Image: Marcus Kane[/caption] As we count down the months to the launch of Apple's long-rumoured mixed-reality headset and, with it, an entirely new product category for the tech giant, we're starting to see more leaks and concept designs pop up. The latest concept renders of Apple's "Reality Pro" AR/VR headset imagine...
Google Creates AI-Powered Music Maker, But it Won’t Be Released
If you thought OpenAI's ChatGPT is impressive, wait till you see what Google has been working on — if the company lets you, that is. Among Google's many endeavours in artificial intelligence (AI) and machine learning is MusicLM, a model the company created to generate original music from rich text prompts (via TechCrunch). Google researchers...
iPhone 14 Emergency SOS via Satellite Feature Saves Two Stranded Travellers in B.C.
Apple's Emergency SOS via Satellite feature last month helped rescue two stranded travellers in British Columbia in what authorities said was the first known use of the feature in the province — reports the Prince George Citizen. Emergency SOS via Satellite is a safety feature available on Apple's latest iPhone 14 lineup. It lets users...