Wireless industry ARPU continues climb

OTTAWA - The wireless industry realized operating profits exceeding $1 billion for the first time in its history in the third quarter of 2006, says Statistics Canada. Operating profits reached $1.2 billion in the third quarter of 2006, ended September 30th, up 34.4% from the corresponding period in 2005. This jump in operating profits resulted from the combined effect of a 16.4% increase in operating revenues and a much smaller increase of 8.8% in operating costs, says this week's release. Wireless operating revenues were $3.4 billion and operating costs were $2.2 billion in the third quarter of 2006. The addition...