February 13, 2014 11:26am
TELUS reported its Q4 and year-end 2013 results today and, as expected, the company holds its place as Canada’s second largest wireless carrier with 7,807,000 subscribers. This number is a bit lower than what TELUS reported in Q3, but up 1.8% over last year (7,670,000). This number excludes the 222,000 Public Mobile wireless subs that TELUS recently acquired.
According to the press release, TELUS has $2 billion in cash available and saw overall revenues increase by 3.4% to $2.95 billion in the quarter. As expected, much of TELUS’ revenue is from wireless, which saw a bump of 4.1% to $1.43 billion in Q4, and was driven by an increase in subscribers and the adoption of smartphone with higher data usage. Overall revenues for 2013 were also up 4.9% to $6.13 billion.
Smartphone subscribers now represent 77% of TELUS’ postpaid base, up from 66% a year ago. Data revenue increased by $78 million to $648 million, representing 45% of wireless network revenue in the quarter. Blended ARPU (Average Revenue Per User) increased 1.5% to $61.86 and for the full year saw the same percentage increase and ended up at $61.38. TELUS notes that “these increases were due to continued strong adoption and usage of smartphones and data applications, as well as higher roaming volumes.”
With the inclusion of Public Mobile, TELUS has 8,029,000 wireless subscribers.
Darren Entwistle, TELUS President and CEO, stated in the press release, “In 2013, the TELUS team once again successfully executed against our longstanding strategy of focused investment and innovation in advanced broadband technology and services coupled with an unwavering commitment to deliver exceptional client experiences.”