Telus earns $1.25 billion in 2007 - Canadian TV, Computing and Home Theatre Forums
 
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post #1 of 2 (permalink) Old 2008-02-15, 04:23 PM Thread Starter
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Telus earns $1.25 billion in 2007

Net income in the quarter was $400 million, up 66% from a year earlier. For the year, net income was $1.25 billion, up 9.8% from 2006.

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On the wireline side of the business, Telus estimates that Canadian wireline revenues were flat in 2007. Canadian consumers continue to substitute wireless and VoIP services for traditional wired telephony services forcing companies like Telus and Bell Canada to offset revenue losses in home phone service by focusing its attention on high speed internet services.

Telus reported its wireline segment revenues decreased by 0.3% in 2007, similar to 2006, as growth in data services nearly offset losses in voice services. Telus' residential access lines decreased 6.5% in 2007, compared with a 5.2% loss in 2006.

During the year, the number of Telus Internet subscribers grew by 6% to 1.18 million (consisting of 1,020,200 High Speed internet and 155,300 dial-up subscribers) while the number of network access lines decreased by 3% to 4.40 million.


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post #2 of 2 (permalink) Old 2008-02-22, 01:53 AM
 
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Its a lot of revenue but I wonder how well the company would be doing if it was better run. I recently left telus for shaw phone and while I won't hurt their revenue stream, I know of others, both residential and commercial, leaving them for Shaw and/or Rogers and/or Bell. I don't know of anyone going back. Biggest reason is lack of customer service. Like someone recently said, they should be spending money on people instead of talking parrots for their commercials.
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