VANCOUVER – Strong results in its wireless business, combined with a record in TV additions figured prominently in Telus’ third quarter results.
Total net wireless subscriber additions of 153,000, including 132,000 postpaid, increased by 22% over the same period a year ago. Smart phones represented 38% of postpaid gross additions in the third quarter of 2010, as compared to 22% in same period last year. Higher valued smart phone subscribers now represent 28% of total postpaid subscribers compared to 18% a year ago.
Telus TV net additions were 38,000 for the quarter ended September 30th, an increase of 73% over the same period last year. The company credited the launch of its Optik TV brand in June, as well as improved installation capabilities, enhanced service including ‘PVR Anywhere’, and expanded broadband coverage. The record Telus TV net additions were accomplished despite installation resources being used to migrate existing subscribers on legacy TV platforms to the new Microsoft Mediaroom platform, Telus added. Its television subscriber base totals 266,000, up 94% over last year.
High-speed Internet net additions of 15,000 increased by 67% from a year ago, due to the launch of Optik TV and Optik high-speed Internet service, as well as the continued broadband footprint expansion and speed enhancement.
Blended ARPU (average revenue per subscriber unit) per month declined by 1.2% to $58.75 from the same quarter a year ago reflecting a sequential improvement from the 1.9% decline in the second quarter of 2010 and from the 4.4% decline experienced in the first quarter of 2010.
"These results once again demonstrate the foresight and effectiveness of Telus’ significant investment over recent years in advanced broadband infrastructure, both wired and wireless”, said president and CEO, Darren Entwistle, in a statement.
Click here for more on Telus’ third quarter results.
