Telus reports $3.4 billion revenue in Q3 2017 earnings report

The company now boasts 8.8 million wireless subscribers

Telus logo with blue background

Canadian national carrier Telus has reported its third-quarter earnings.

According to a November 9th, 2017 media release, Telus generated approximately $3.4 billion CAD in revenue during its third quarter 2017 earnings. This represents a four percent increase since Q2 2017.

Telus’s wireless network generated $1.8 billion in revenue. Telus’s wireline network generated $1.1 billion. The company added 124,000 wireless subscribers last quarter, increasing its total wireless subscriber base to 8.8 million.

Telus also reported that it now earns an average of $68.67 (ARPU) from its customers, which is a three percent increase from the previous quarter.

“Further supporting these results is the Telus team’s consistent execution of our longstanding broadband growth strategy, underpinned by the long-term investment we are making in our generational fibre build which is resulting in Telus networks being consistently recognized as among the fastest and most reliable in the world,” said Darren Entwistle, president and CEO of Telus, in the same November release.

Entwistle’s comment seem to hint at a PCMag report released in September 2017 that revealed that Telus’s wireless network is the fastest in Canada.

According to Doug French, Telus’s vice president and CFO, the company will also complete 50 percent of its next generation fibre build in early 2018.

French added that “we are estimating our capital expenditures in 2018 to be approximately $2.85 billion.”

Telus previously reported a Q2 2017 revenue of $3.3 billion.