TELUS brings on 94,000 new customers in Q2, passes over the 7 million total subscriber mark

TELUS Q2 results looks like this: Increase of 94,000 subscribers (92,000 postpaid and 2,000 Prepaid) which takes the company over the 7 million subscriber mark hitting 7,097,000, representing an increase of 5.9% since this time last year. For the quarter it’s down 24.2% from last year by 30,000 due to the loss of a federal wireless contract to a competitor (Bell or Rogers). Even though they experience “increased competitive intensity” wireless revenues rose by $118 million in Q2. Voice revenue continued its trend and fell by $32 million but with customers transitioning to smartphones thier data revenue continued to soar by 49% ($132 million), now representing 33% of network revenue ($1,235b) and 42% of the postpaid subscribers. TELUS stated that their blended average revenue per unit (ARPU) increased by $1.41 to be $58.88.

Darren Entwistle, TELUS President and CEO said, “TELUS’ strong second quarter results were clearly evidenced by the healthy operating metrics we generated across our broadband wireless and wireline businesses. Robust wireless postpaid customer additions of 92,000 reflected a record level of smartphone sales. Notably, TELUS’ smartphone penetration within our postpaid base is at 42 per cent and growing, driving wireless data revenue growth of 49 per cent and higher average revenue per client, coupled with superior loyalty and retention.”

Source: TELUS