Telus grows revenues by 7%, helped by mobile, IPTV

7 Nov 2011

Western Canadian quadruple-play telco Telus has posted a 7% year-on-year increase in revenues to CAD2.62 billion (USD2.57 billion) in the third quarter of this year, aided by growth in its wireless and pay-TV segments. Net profit reached CAD326 million in July-September 2011, up by nearly 30%, although if removing three one-off items, the net rise was 12%. In the mobile segment, Telus added a net 133,000 new post-paid subscribers in the quarter, while its wireless data revenue rose 53%. The Vancouver-based group also added 50,000 new ‘Optik’ IPTV subscribers in three months to reach a total of 450,000 pay-TV customers. Around 2.2 million homes in Alberta and British Columbia are now covered by the Optik TV service.

Canada, Telus Corporation, Telus Mobility (old)