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Telus earnings miss on lower wireless network, service sales


Telus earnings miss on lower wireless network, service sales
Ilya Banares, Bloomberg News
Key Insights
- Canada’s second-largest telecommunications provider by market value added 87,000 net new wireless phone subscribers. Average mobile phone revenue per user fell 3.4 per cent to $57.29.
- Roaming revenue declined as lockdown orders across the country kept customers at home. Wireless network revenue was down 1 per cent, and equipment and service sales fell 3.2 per cent.
- The Vancouver-based company’s profitability dropped. Adjusted earnings were 22 Canadian cents per share, versus the average analyst estimate of 25 cents.
- “We did have a few acquisitions, which helped on that revenue line, but we’ve had extremely high-quality growth in both our wireline and wireless businesses,” Chief Financial Officer Doug French said in an interview Thursday with Bloomberg News. He added: “We haven’t assumed in our business plan that w ....

British Columbia , Darren Entwistle , Jeffrey Puritt , John Butler , Telus Corp , Telus Health , Digital Health , Telus International , Financial Officer Doug French , Telus Agriculture , Chief Executive Officer Darren , பிரிட்டிஷ் கொலம்பியா , டேரன் எஂட்விஸ்ல் , ஜான் பட்லர் , தெளுச் கார்ப் , தெளுச் ஆரோக்கியம் , டிஜிட்டல் ஆரோக்கியம் , தெளுச் சர்வதேச , நிதி அதிகாரி டக் பிரஞ்சு , தலைமை நிர்வாகி அதிகாரி டேரன் ,

Telus Rises After Earnings Miss on Lower Service Sales


Article content
(Bloomberg) Telus Corp. shares opened higher after the telecom operator said fourth-quarter revenue rose 5.2%, to C$4.06 billion ($3.2 billion), narrowly beating average analyst expectations, though adjusted earnings fell short.
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Telus Rises After Earnings Miss on Lower Service Sales Back to video
Canada’s second-largest telecommunications provider by market value added 87,000 net new wireless phone subscribers. Average mobile phone revenue per user fell 3.4% to C$57.29.Roaming revenue declined as lockdown orders across the country kept customers at home. Wireless network revenue was down 1%, and equipment and service sales fell 3.2%.The Vancouver-based company’s profitability dropped. Adjusted earnings were 22 Canadian cents per share, versus the average analyst estimate of 25 cents.”We did have a few acquisitions, which helped on that revenue line, but we’ve had extremely high-quality gro ....

British Columbia , Darren Entwistle , John Butler , Telus Corp , Telus Health , Digital Health , Telus International , Financial Officer Doug French , Jeffrey Puritt , Telus Agriculture , Chief Executive Officer Darren , பிரிட்டிஷ் கொலம்பியா , டேரன் எஂட்விஸ்ல் , ஜான் பட்லர் , தெளுச் கார்ப் , தெளுச் ஆரோக்கியம் , டிஜிட்டல் ஆரோக்கியம் , தெளுச் சர்வதேச , நிதி அதிகாரி டக் பிரஞ்சு , தலைமை நிர்வாகி அதிகாரி டேரன் ,