Telus profit up on 2.5% rise in ARPU

VANCOUVER – Telus today reported Q2 revenue of $2.55 billion, an increase of 6.4% over the same quarter last year. This increase was generated by nearly 10% growth in wireless revenue and 3% in wireline revenue, both driven by strong data growth.Analysts were expecting overall revenue of about $2.52 billion.The company says it added 94,000 new wireless subscribers in the quarter, and that wireless data revenue surged 49% on accelerating smartphone adoption which more than offset declining voice revenues. This produced a wireless average revenue per unit (ARPU) growth of 2.5%. Telus says this is the third consecutive quarter of year-over-year...