Thursday, November 2, 2006

Canada's TELUS Reaches 1.1 Million Broadband Users

Canada's TELUS reported Q3 revenue of $2.2 billion, up 7% from a year ago due to continued strong wireless and data growth.
Earnings per share (EPS) for the third quarter were 94 cents, compared to 53 cents for the same period a year ago. EPS this quarter included favourable tax related adjustments of 9 cents per share.

Some operational highlights:

  • Wireless revenues increased by $146 million or 17% to $1.0 billion in Q3 when compared with the same period in 2005. ARPU improved by $2 to $66. The data component increased by 79% to over $5.

  • Wireless net subscriber additions were 137,200, stable quarter over quarter with 4% growth in postpaid additions to 108,600 and slightly lower prepaid loading.

  • Wireline revenues were flat at $1.2 billion when compared to the third quarter of 2005 due to continued data revenue growth offsetting ongoing declines in local and long distance revenues.

  • Data revenues increased 9.2% driven by strong high speed Internet and enhanced data service growth.

  • Long-distance revenue declined 10% to $199 million, reflecting industry trends of lower volumes, strong price competition and technological substitution.

  • High-speed Internet net adds were 41,500, up significantly from a year ago bringing TELUS' total Internet subscriber base to 1.1 million

  • Network access lines declined by 40,000 in the quarter, down 2.8% from a year ago reflecting residential line losses from ongoing competitive activity and wireless substitution

  • CAPEX was $423.9 million, up significantly from $263.3 million a year earlier.

See also