November 9, 2012 8:10am
TELUS is ever so close on toping Bell and becoming Canada’s second largest wireless carrier. Today they reported Q3 2012 results and their wireless subscriber base is now at 7.56 million, up 4.8% over last year, with net additions of 111,000, which is actually a drop of 2.6% year-over-year. TELUS noted that subs might have been higher, but “were impacted by delayed customer purchase decisions ahead of the anticipated launch of the new iPhone 5 in late September.” According to their report wireless revenues increased $104 million (7.4%) to $1.5 billion for the year. The reason, as expected, was increased data usage and ARPU (average revenue per user), which was $61.42 and represents an increase of $0.90 over last year. Smartphone subscribers are now 63% of their total postpaid subscriber base (6.4 million), compared to 48% in Q3 2011.
Bell recently reported their subscriber base totaled 7,576,027 in Q3. In addition, at the end of Q3 Rogers subscriber base rose to 9.43 million.
It was also announced that Bob McFarlane, TELUS’ CFO, has decided to retire after a 12-year run with the company. Taking over his position is John Gossling, who was recently the CFO of CTVglobemedia and has held various VP and CFO roles at Rogers. Finally, Darren Entwistle, TELUS’ CEO, for the 4th consecutive year said that he “intends to take the entirety of his 2013 annual cash salary compensation in TELUS common shares.”