Telus Corporation has reported its financial results and subscriber counts for the third quarter of 2009.
The company reported operating revenues for the quarter were down 1.6% to $2.41 billion while net income fell 2.1% to $280 million when compared to the same quarter in 2008.
The company blamed the revenue decrease on continued declines in landline revenues. On a positive note, total customer connections of 11.9 million were 326,000 higher than a year ago thanks to wireless, IPTV and high speed Internet growth.
The following is an overview of Telus results by division:
External revenues increased by $4 million or 0.3% to $1.2 billion in the third quarter of 2009, compared with the same period in 2008. Wireless data revenue increased $48 million or 27% due to the continued adoption of full function smartphones and mobile internet keys.
ARPU (average revenue per subscriber unit per month) declined by 7.3% to $59.45 compared to the same quarter a year ago. The fast-growing data component of $12.05, represented 20% of ARPU, while the decline in the voice revenue worsened due to declining minutes of use and plan optimization by consumers and businesses.
Net subscriber additions were 125,000, a decrease of 29% from the same period a year ago. Postpaid net additions were 131,000, while prepaid net losses were 6,000.
External revenues decreased by $43 million or 3.4% to $1.2 billion in the third quarter of 2009, when compared with the same period in 2008, due to declines in voice local and long distance revenues.
Data revenues increased by $8 million or 1.6% primarily due to higher managed workplace and Internet, TELUS TV subscriber growth, and enhanced data and hosting revenues.
Telus added 9,000 high-speed Internet subscribers, a 4,000 decrease from a year ago, due to a maturing market and reduced promotional activity.
TELUS TV net additions were 22,000, an increase of 83% over the same period last year, due to enhanced broadband coverage and expanded marketing efforts.
Network access lines (NALs) declined by 44,000 in the quarter to 4.1 million, which is down 4.3% from a year ago.
The following are Telus’ landline, wireless, internet and television subscriber counts as of Setember 30, 2009 (numbers in parenthesis are subscribers totals from the end of the third quarter in 2008).
- Landline Telephone Residential - 2,279,000 (2,444,000)
- Landline Telephone Business - 1,821,000 (1,838,000)
- Landline Telephone Total - 4,100,000 (4,282,000)
- Wireless Postpaid - 5,192,000 (4,803,000)
- Wireless Prepaid - 1,221,000 (1,178,000)
- Wireless Total - 6,413,000 (5,981,000)
- High Speed Internet - 1,117,000 (1,077,000)
- Dial Up Internet - 96,000 (134,000)
- Total Internet - 1,213,000 (1,211,000)
- Telus TV - 137,000 (63,000)
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