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TELUS to increase 2010 wireless results by 9%?

By on December 15, 2009 at 8:57am in Asides, Mobile News, Telus Mobility News, Various News

teluslogoTELUS has released their forecast for 2010 and it’s looking like friendly and very promising. The report says the wireless revenue will grow 5-9% with total revenues hitting between Wireless $4.95 to $5.1 billion. Very nice numbers and not a hint of being hit with competition. It looks like they’ll release even more smartphones in 2010, but the only downside is that they will continue restructuring their employees to a tune of $75 million.

Here are some takeaway quotes:

“TELUS wireless revenue is forecast to increase five to nine per cent in 2010 largely dependent on the extent of growth in wireless subscriber loading and the extent of ARPU erosion. Growth in wireless loading is expected to benefit from an increase in industry growth with a penetration gain of approximately four per cent. TELUS will benefit from a full year effect of our new 3G+ network, increased data and roaming revenues helping offset continued declines in voice ARPU and the effects of new competitive entry.”

“For 2010 target purposes, a number of assumptions were made including: ongoing wireline and wireless competition in both business and consumer markets; wireless industry market penetration gain of approximately four percentage points; increased wireless subscriber loading in smartphones; reduced downward pressure on wireless average revenue per unit; new competitive wireless entry in early 2010… approximately $75 million of restructuring and workforce reduction expenses”

Darren Entwistle, TELUS president and CEO stated “We expect the significant on-strategy investments made in our wireless and wireline broadband networks will generate solid results in 2010… Our strong lineup of smartphones running on our new 3G+ wireless network, coupled with our clear and simple wireless rate plans, create opportunities for growth in the Canadian market in 2010 and beyond.”

Via: TELUS

Related posts:

  1. Rogers Q3 2008 Results: 255,000 iPhones sold & 239,000 new wireless customers
  2. TELUS to grow wireless by 8-10% in ’09 and has $75 million ready for “workforce reduction”
  3. TELUS Q1 2009: “results do not meet the expectations”
  4. TELUS announces some Q1 results: economy an issue.

Discussion

2 comments for “TELUS to increase 2010 wireless results by 9%?”

  1. What a pleasant way to comfort investors. I would venture to guess that this time next year, it will be a very different picture. I would harken to guess that once all of the new carriers roll out their services to Canadians next year, Telus will take a dramatic hit to their churn ratio and net activations will decrease substantially. My guess is, this time next year, Bell will make a bid for Telus in its weekend state and we will be right back to that magic 3 national networks that analysts have been talking about. Care to make a wager? Telus and Bell have been quite friendly for some time. Let’s wait and see how this one plays out.

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    Posted by Chris | December 15, 2009, 12:08 pm
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    • I’m not saying your right or wrong, but generally speaking, Bell is alot weaker than Telus right now, both in terms of reputation and financials. They might eventually merge, but I would not bet Bell will be in an advantageous position if this were to happen.

      Also, due to their wireline positions, I wouldn’t be so sure they would be allowed to merge without have to selloff assets to comfort regulators, so any merged company would likely be weakened on purpose and open the door to other players coming in at their expense (not easy to sell to shareholders)

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      Posted by Hugo Beaulieu | December 15, 2009, 1:24 pm

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