TELUS adds 122,000 New Wireless Customers over Q4 2009

February 12, 2010
TELUS LogoTELUS released their 2009 4th Quarter results this morning and unfortunately the results weren't all that positive.   TELUS stock is down about 1.7% this morning on the news.

TELUS earned $156 million or 49 cents per share of net income in the final three months of 2009. That's down from $285 million or 89 cents a year earlier.

TELUS saw wireless data revenue of $243 million increased $40 million or 20% due to the continued adoption of smartphones and mobile Internet keys, and increased use of data services such as text messaging and wireless social networking.

TELUS's net activations for the quarter looked like this:
  • Total net activations of 122,000 a 17.6% decrease over Q4 2008
  • Postpaid net activations of 109,000 a 8.4% decrease
  • Prepaid net activations of 13,000 a decrease of 55.2%

ARPU  (average revenue per subscriber unit per month) results weren't very positive with large declines due to competition.  

Fourth quarter 2009 blended ARPU was $57.38, a decrease of $4.78 or 7.7% when compared to the same period in 2008, and reflecting the usual seasonal decline when compared to $59.45 in the third quarter of 2009. Blended ARPU of $58.46 for the full year of 2009 decreased by $4.27 or 6.8% when compared to 2008.

Bell released their Q4 2009 results, which saw net activations of 163,000,  earlier this month.
Posted in: TELUS