- TELUS (T) reported growth in its second-quarter as demand for internet services increased, resulting in a growing subscriber base
- Consolidated operating revenues and other income increased by 10 per cent year-over-year
- The quarter also saw operating highlights including the addition of 223,000 new customers
- The company invested approximately $1.598 million in capital expenditure in communities across Canada
- TELUS is one of the big three wireless service providers in Canada, with 9 million mobile phone subscribers nationwide
- TELUS (T) closed trading up 0.80 per cent, trading at $27.71 per share
TELUS (T) reported growth in its second-quarter as demand for internet services increased, resulting in a growing subscriber base.
Consolidated operating revenues and other income increased by 10 per cent year-over-year to $4.1 billion. This growth was partly offset by lower legacy fixed voice and legacy fixed data services and higher employee benefits expenses.
Darren Entwistle, President and CEO of TELUS, commented on the financial results.
“This robust performance,” he said, “reflects the effectiveness of our globally leading customer-centric culture and broadband networks, underpinned by our highly engaged team and their dedication and passion for delivering outstanding connected experiences.”
At the end of the quarter, the TELUS PureFibre network covered approximately 2.6 million premises, up from approximately 2.3 million premises in the second quarter of 2020.
The quarter also saw operating highlights including the addition of 223,000 new customers over 89,000 mobile phones, 84,000 connected devices, 30,000 internet connections, 19,000 security connections, and 11,000 TV subscriptions.
“Our second quarter results announced today continue to showcase our execution excellence, superior asset mix focused on technology-oriented verticals, and focus on disciplined cost containment and enhanced effectiveness,” said Executive VP and CFO Doug French.
The company invested approximately $1.598 million in capital expenditure in communities across Canada in the second quarter, reinforcing its commitment to supporting Canadian infrastructure and wellbeing.
TELUS is one of the big three wireless service providers in Canada, with 9 million mobile phone subscribers nationwide.
TELUS (T) Stock closed trading up 0.80 per cent, trading at $27.71 per share as of 4:00 pm ET.
