Canadian telecom service provider TELUS today said its Capex (capital spending) increased 18.4 percent C$657 million in Q3 2014.
TELUS invested C$251 million in wireless infrastructure in Q3 2014 against C$194 million in Q3 2013, while Capex investment in wireline increased to C$406 million from C$361 million.
The company said its Q3 2014 revenue rose 5.4 percent to C$3,028 million, while net income fell 0.3 percent to C$355 million.
TELUS said its wireless revenue grew 6.6 percent and wireline revenue rose 2.5 percent.
Its wireless revenue growth was primarily driven by continued subscriber growth and data usage due to continued smartphone adoption and the expansion of TELUS’ LTE 4G network coverage.
Wireline revenue strength was driven by data revenue growth of 7.1 percent, generated primarily by high-speed Internet subscriber growth and higher revenue per customer, and TELUS TV subscriber growth.
Data revenue from both wireless and wireline operations increased by 14 percent to $1.65 billion.
TELUS added 136,000 net new customer connections (excluding Public Mobile) in the quarter, driven by the gain of 113,000 wireless postpaid customers, 23,000 TELUS TV subscribers and 22,000 high-speed Internet customers.
TELUS wireless subscriber base rose 2.3 percent to 8 million, high-speed Internet connections grew 5.7 percent to 1.45 million, and TELUS TV subscribers increased 14 percent to 888,000.
Baburajan K
editor@telecomlead.com