Telus reported its Q3 2016 results and the carrier held its position as Canada’s second largest carrier with over 8.5 million subscribers.
The telecom reported an increase in network revenues of $1.7 billion CAD for the quarter, up 4.9 percent year-over-year. Similar to its competitors, Telus noted the sharp increase was caused by customers activating 2-year contracts with “increased data usage” and “larger data buckets.”
The increase in total subscribers represents a jump of 1 percent since Q3 2015. Of the total 8.5 million subscribers, Telus says postpaid customers now account for 7.5 million. Postpaid net additions hit 87,000 and its “industry-leading” wireless monthly postpaid churn sits at 0.94 percent. Blended ARPU (average revenue per user) was $66.67 per month, up 3.8 percent from the same period last year.
“Telus third quarter results reflect the company’s strong and disciplined performance across both our wireless and wireline operations. Our team once again delivered industry-leading results in wireless customer loyalty, ARPU growth and lifetime-revenue, as well as strong consolidated and segmented revenue and EBITDA growth. Importantly, these results are underpinned by a highly dedicated Telus team that is committed to consistently providing exceptional customer experiences,” said Darren Entwistle, president and CEO of Telus, in a statement.
Telus also added 14,000 television and 14,000 internet subscribers, though these numbers fell short of expectations. The company is the last major Canadian telecom to report its quarterly results, followed by Bell earlier this week.