Canadian telecom revenues up 3.5 per cent to $57.2 billion in 2022, says CRTC report

The Canadian telecommunications sector experienced a 3.5-per-cent increase in total revenues in 2022, similar to the 3.4-per-cent growth achieved in 2021 and a clear progression from the sector’s revenue decline in the 2020 Covid-19 pandemic year, according to the CRTC’s Communications Market Report (CMR) for calendar year 2022, released Tuesday. Telecom revenues totalled $57.2 billion in 2022, primarily driven by the almost $1.7-billion increase in mobile revenues, which represents a 5.7-per-cent increase over 2021, according to the report. Mobile service revenues grew to $30.9 billion in 2022 from $29.2 billion in 2021. This was mostly due to a 6.6-per-cent increase in retail...