Telus’s EBITDA up 5%; TV base climbs 29%

10 May 2013

Canadian quadruple-play national operator Telus has posted its first-quarter 2013 results, in which revenue increased by 4.8% year-on-year to CAD2.76 billion (USD2.75 billion) while earnings before interest, tax, depreciation and amortisation (EBITDA) increased by more than 5% to CAD1.03 billion. During the three-month period Telus added a net 59,000 new post-paid mobile wireless customers, 34,000 TV subscribers and 16,000 fixed broadband internet customers, partially offset by ongoing expected losses of pre-paid wireless customers and wireline subscriptions. Telus’s total wireless base of 7.7 million at the end of Q1 2013 was up nearly 5% from a year earlier, and the Telus TV subscriber base of 712,000 climbed 29% year-on-year, while high speed fixed internet connections rose nearly 7% to more than 1.3 million at 31 March 2013.