VANCOUVER – Wireless subscriber net additions at Telus dropped a surprising 46% in the first quarter of 2009, which in turn, dragged down its average revenue per wireless user (ARPU) by 5.6%
The company released some preliminary wireless subscriber data Thursday, a month ahead of its full financial results release for the quarter ended March 31, which will come on May 7.
Canada’s second largest phone company explained that the weakness in its wireless net subscriber additions were primarily attributable to the combination of “a lack of customary growth in gross additions combined with an increase in deactivations.”
The…
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VANCOUVER – Telus is investing $500 million on advanced wireless and wireline broadband infrastructure in British Columbia, the company announced Tuesday.
Construction of its next generation wireless network is underway, and the new network, based on the latest version of High Speed Packet Access (HSPA) technology, will launch by early 2010.
Telus will also build a LEED (Leadership in Energy and Environmental Design) designed Internet data centre that it calls one of the “greenest” in North America, while its broadband wireline investment plan will expand its high-speed Internet and digital TV service in B.C. and Alberta
“Despite the challenging times, we are confident…
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OTTAWA – Add Telus to the list of telco’s appealing to the Federal government over CRTC decisions.
The B.C.-based telco filed a petition to the Governor in Council late last week over Telecom Decision CRTC 2008-117 and calling for the rescission of Telecom Order CRTC 2009-111, expressing many of the same concerns as BCE.
Citing its capital program for 2009 which planned to invest $2.05 billion dollars in its networks, Telus’ petition said that rather than encourage investment risks in the current economy, “the CRTC has declared that we will be required to share this new investment…
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After seeing a fourfold increase in phone and email scams in recent weeks, Telus issued a public service announcement encouraging its customers to “just hang up when scammers call”.
The common thread in each scam, the announcement said, is that fraud artists try to trick customers out of personal information – such as addresses, birthdates, account numbers, passwords and credit card numbers, by posing as a legitimate caller.
Providing that kind of information could lead to identity theft or other fraud, and Telus suggested hanging up when scammers call. Legitimate telemarketers always know your name and always provide a…
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VANCOUVER – Telus Corporation reported a 6% growth in revenue to $9.65 billion, and a 5% growth in EBITDA for its fiscal year ended December 31, 2008.
Revenue for its fourth quarter was $2.45 billion, an increase of 5% from a year ago, driven primarily by a 7% growth in wireless revenue and 13% growth in wireline data revenue. Net income for the quarter was $285 million, and consolidated EBITDA decreased by $16 million, due to increased investments in operating efficiency initiatives that resulted in restructuring costs increasing by $32 million, the company’s press release detailed.
"The very fact we are…
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VANCOUVER – Telus is predicting 4-6 % consolidated revenue growth in 2009, representing an increase of approximately $375 to $625 million.
The company released its financial targets for next year on Tuesday in a press release. Among its other predictions are:
– EBITDA growth of about 4%, though moderated by increased pension expense in 2009 due to equity market weakness in 2008;
– An increase in wireless revenue of 8-10%, due to continued growth in wireless subscribers, increased smart phone adoption and increased wireless data adoption and usage;
– An increase in wireline revenue of 3%, driven largely by…
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TORONTO – With the privatization of Bell Canada looking like it’s dead, what with the release last week that KPMG can’t deliver a positive opinion on the solvency of the big telco post-deal, speculation has run rampant that Telus might still be interested in merging with Bell.
Scotia Capital analyst John Henderson issued an investor’s report saying that he believes there’s a 15% chance Of “Belus” happening. Telus did seriously want to kick Bell’s tires back in mid-2007 when the Ontario Teachers Pension Plan and its partners put together its deal to buy Bell, but the western telco Continue Reading
EDMONTON – Super Channel has launched on Telus TV in Alberta and BC.
“We are very pleased that Telus is now offering Super Channel to their customers in western Canada,” said Malcolm Knox, Super Channel president and COO. “Whether viewers are looking for great exclusive series and movie premieres, insightful documentaries, recorded live concerts, anime, or live championship boxing, they are certain to find something of interest on our six channels – two in vibrant HD.”
www.telus.com www.superchannel.ca
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TORONTO – Telus will invest $100 million over three years in the healthcare segment under a newly launched brand called Telus Health Solutions.
The company also called upon government and other businesses to invest in upgrading the applications and technology infrastructure that collects, processes, stores, and delivers health information, so that all Canadians will be able to track their medical history electronically, the company said in a statement.
"There is no question eHealth is creating a new era in Canadian healthcare. Today, patient information is scattered across a myriad of different electronic and paper-based systems resulting in decisions being made without…
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VANCOUVER – Telus reported a 6% increase in operating revenues in the third quarter, but a 30% drop in net income, the company announced Friday.
Wireless saw an 8.7% per cent revenue increase to $1.2 billion thanks to “record” year to date subscriber growth. Telus now has 5,981,200 wireless subscribers, up 10.6% from a year earlier. Wireline revenue grew 3.6% to $1.25 billion, driven by data growth, the release continued, though 43,000 connections were lost during the quarter, bringing the total number of landline connections to 4,282,000.
Telus now has 1,211,600 Internet subscribers, a 58% decrease from a year…
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