TELUS Q1 2012 results: Adds 63K new customers to bring total wireless subscribers to 7.36 million


May 9, 2012 11:53am

Today is the big day for TELUS’ Q1 2012 results and they’re nothing short of impressive! The senior management team will be hosting their general meeting from Edmonton at 10:00am MST and analyst call at 4:30pm EST.

Overall revenue for the green giant is up 4% year over year totaling $2.6 billion. Net Income and EPS (earnings per share) was $348M and $1.07 respectively, representing 6% year-over-year growth. TELUS claimed 6% and 2% growth for their wireless and wireline portfolios, respectively, with strong wireless data growth up 36% and wireline data growth up 13% from Q1 2011.

Q1 was another strong quarter for TELUS in terms of net postpaid subscriber additions, totalling 63K, leading first place for quarter-over-quarter growth of the top three Canadian carriers. Bell reported the same addition of 63K subscribers last week, leaving Rogers in last with only 47K net new postpaid subscriber growth. TELUS’ total subscriber numbers are now an impressive 7.36 million users.

TELUS reported another industry leading quarter for ARPU growth up 1.7% from last year. Blended churn decreased by 15 bps (basis points) sitting at 1.55%. TELUS states strong churn is a result of successful retention initiatives with the help of smartphone activations on the base of customers.

Free cash flow increased more than 50% to $358M for Q1 2012, which is a rise of $196M compared to Q1 2011. This was due primarily to lower discretionary contributions made to defined benefit pension plans, lower restructuring payments and higher adjusted EBITDA.

Source: CNW

  • gmd

    Where did the big 3 find 173000 new customers?

    • CADStar

      When one has coverage everywhere, you can find customers where newbies can’t begin to see.

  • jon

    I would like to see seperate results for koodo and telus.

    • Jennifer Daly

      It would be nice to have split to understand where the numbers are falling between TELUS and Koodo. Unfortunately, they don’t report separately. It’s the same way Rogers doesn’t break out for Fido or Chatr and Bell doesn’t break out for Solo.

      On the analyst calls senior management when answering questions will give a bit of colour to trends and how certain brand segments impact the numbers. But purely from a reporting perspective they keep the split confidential.

  • bill

    They are seperate from results from Koodo.

    • uday

      Where does it show seperate koodo results.

    • CADStar

      It doesn’t show because they’re all combined into the one total. Just like what Rogers does with Fido & Chatr and Bell does with Virgin & Solo…..just like what Jennifer said above (which I just noticed).

  • Bobblehead

    telus has been whalooping rogers the last three quarters on the wireless front. my oh my, is rogers getting an a*s-kicking from both bell and telus.