Bell reported their Q4 and 2013 results today and specifically for wireless, inclusive of its sub-brand Virgin Mobile, saw the subscriber base increase by 1.3% to a total of 7,778,334. This number is actually down 26,766 subs from Q3 (7,805,100) and Bell stated it was “attributable to a high level of competitive intensity during the holiday period, as well as to lower handset discounts and increased rate plan pricing on new 2-year contracts, introduced following the implementation of the new federal Wireless Code of Conduct, that impacted customer acquisitions year over year.”
Wireless revenues climbed 3.2% in Q4 to $1.5 billion and totalled $5.8 billion for the full year (up 4.7% compared to 2012 results) and smartphone users now represent 73% of total postpaid subscribers (6,677,692), compared to 62% last year. Data revenue surged 19.4% and blended ARPU (Average Revenue Per User) for the year increased 2.6% to $57.25.
For the full year, BCE and all its assets saw revenues total of $20.4 billion, up 2.1% over last year, and wireless makes up for 28%.
George Cope, President and CEO of Bell Canada and BCE Inc, said, “We achieved healthy smartphone additions and operating metrics in Wireless, ongoing acceleration in Fibe TV and Internet, and strong financial growth and ratings leadership at Media… Our strategy of investment in growth services, coupled with strong execution by the Bell team in a competitive marketplace, is delivering significant increases in revenue, EBITDA and free cash flow growth.”
Source: CNW
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