EPS grows 43 per cent, EBITDA up 7 per cent, free cash flow increases
Results driven by growth in wireless subs, ARPU, high-speed Internet, record TV additions
VANCOUVER Feb. 11 $2.55 billion
Notably, wireless average revenue per unit (ARPU) increased 1.9 per cent this quarter, the first year-over-year increase in 14 quarters. In this seasonally strong quarter, the company added 119,000 wireless subscribers and a record 48,000 TV subscriptions due to the success of Optik TV. In 2010, total customer connections increased by 378,000, generated by a seven per cent increase in wireless subscribers and 85 per cent growth in TELUS TV customers, partially offset by continued declines in landline connections.
$227 million 70 cents
The consolidated and segment results were consistent with the company’s most recent 2010 public guidance provided last December.
$121 million $171 million
|(1)||Earnings before interest, taxes, depreciation and amortization (EBITDA) is defined as Operating revenues less Operations expense less Restructuring costs. See Section 6.1 in 2010 fourth quarter Management’s review of operations.|
|(2)||Net income and EPS for the fourth quarter of 2010 included favourable income tax-related adjustments of approximately $10 million or 3 cents per share, compared to $71 million or 23 cents per share respectively for the same period in 2009.|
|(3)||Net income and EPS for the fourth quarter in 2009 included an unfavourable after-tax impact of approximately $69 million or 22 cents per share resulting from the loss on early partial redemption of June 2011 notes.|
|(4)||See Section 6.2 in 2010 fourth quarter Management’s review of operations.|
|(5)||The sum of wireless subscribers, network access lines (NALs), Internet access subscribers, and TELUS TV subscribers (IPTV and satellite TV).|
"Looking forward over each of the next three years, I expect the monetisation of the significant investments that TELUS has made in its broadband infrastructure, to support attractive growth in operating earnings, net income, free cash flow and our dividend growth model," stated Mr. Entwistle.
Robert McFarlane $200 million January 2011
The 2011 consolidated and segmented targets announced in mid-December have been reaffirmed.
|This news release contains statements about expected future events and financial and operating performance of TELUS that are forward-looking. By their nature, forward-looking statements require the Company to make assumptions and predictions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future performance and events to differ materially from that expressed in the forward-looking statements. Accordingly this news release is subject to the disclaimer and qualified by the assumptions (including assumptions for 2011 targets), qualifications and risk factors referred to in the Management’s discussion and analysis in the 2009 annual report, and in the 2010 quarterly reports. Except as required by law, TELUS disclaims any intention or obligation to update or revise forward-looking statements, and reserves the right to change, at any time at its sole discretion, its current practice of updating annual targets and guidance.|
- $113 million $1.34 billion
- $87 million $326 million
- $58.48 $16.01
- Total net subscriber additions of 119,000 declined by 2.5% reflecting increased competition from new entrants. Postpaid subscriber growth of 109,000 was unchanged from a year ago.
- Smartphones represented 46% of postpaid gross additions in the fourth quarter, as compared to 25% in same period last year. Higher revenue smartphone subscribers now represent 33% of total postpaid subscribers compared to 20% a year ago.
- $170 million
- Blended monthly subscriber churn increased slightly by 12 basis points to 1.72%, reflecting increased number of competitors and price discounting in the market.
- $476 million $41 million
- $41 million to $284 million
- $5 million to $1.21 billion
- $37 million
- June 2010
- Total network access lines (NALs) declined by 55,000 to 3.74 million, down 5.7% from a year ago due to competition and wireless substitution. Residential NAL losses of 37,000 were 8,000 less compared to same period last year. The improvement reflects enhanced bundling capabilities with the launch of Optik and retention offers. Business NALs declined by 18,000 primarily from competitive factors, conversion of voice lines to more efficient IP services and slower growth in data lines from completion of certain large enterprise deals.
- $371 million $17 million
- $33 million $1 million
CORPORATE AND BUSINESS DEVELOPMENTS
TELUS expands Optik footprint to more than 2 million households
British Columbia Alberta Eastern Quebec
TELUS makes it clear and simple to upgrade to newest wireless device
TELUS’ Chief Marketing Officer predicts consumer 2011 technology trends
- Growth in tablets and mobile-enabled accessories and peripherals
- Increasing use of Smartphones as WiFi hotspots
- Over The Top and multi-screen Video Services for TV Anywhere
- Internet-powered interactive TV services for sharing content
- Mobile platforms transition to cloud-based computing.
Quebec Major Junior Hockey League on TELUS Mobile TV
Baie-Comeau Drakkar lhjmq.montelus.com
TELUS health space in two trials before national roll-out
Canada Quebec City
TELUS health space is giving Canadians the ability to create, store and manage their family’s health information in a safe environment utilizing the latest in encryption and protection technology. This includes moving personal health information quickly and securely across the healthcare continuum whether it’s at home, in a clinic, at a hospital or wherever consumers’ lifestyles or business travels take them. In a world where wireless network technology has enabled powerful mobile computing, health information can soon be right at their fingertips using their smartphones and tablets.
Canada the United States
Audrey Ho Canada’s University of British Columbia Canada
TELUS vice-president community affairs lauded for leadership excellence
TELUS takes its place on Top 100 Employers list
TELUS International Philippines launches university
International University the Philippines la Salle University Asia
TELUS presented the National Philanthropy Business Leader Award
Transactel recognized by United Way for commitment to giving
Transactel, TELUS International Latin America Guatemala Golden Hero Guatemala Day of Service Guatemala Guillermo Montano Golden Hero Guatemala
TELUS Diabetes ‘Balance’ Campaign brings insulin pumps to kids in need
$200,000 Canada $1
$4 million Alberta
$4 million British Columbia Alberta $100
May 2010 $25 Canada $2 million Canada Alberta Toronto Hamilton Halifax
Global recognition for TELUS Go Pink Facebook campaign
$200,000 October 22
($0.525) ($0.525) April 1, 2011 March 11, 2011
five cent April 1, 2010
Access to Quarterly results information
Canada $9.8 billion Darren Entwistle
$211 million Canada
SOURCE TELUS Corporation