6.5% revenue growth for Telus

Vancouver-based fixed line, mobile, broadband and pay-TV operator Telus posted a 6.5% year-on-year increase in consolidated revenues to CAD2.5 billion (USD2.6 billion) in the first three months of this year, and boosted its net income to CAD328 million in the quarter, up from CAD273 million a year earlier. The gains were primarily attributed to cellular subscriber growth, particularly smartphone users, as the company added 52,000 net new post-paid wireless customers in January-March 2011. At the end of the period smartphone users accounted for 38% of Telus’ post-paid base, up from 22% in March 2010. It also added 44,000 IPTV/satellite TV customers and 16,000 high speed internet subscribers in 1Q11.