Telus sees Q2 revenue rise to CAD 2.23 blnTelus had CAD 2.23 billion revenue in Q2 2007, up 4.4 percent from CAD 2.14 billion in the year-earlier period. Adjusted EBITDA was CAD 886.4 million, down 1.2 percent from CAD 897.1 million. Net income was CAD 253.1 million, down 29 percent from CAD 377.9 million. Mobile customer acquisition and retention costs increased by an estimated CAD 47 million largely from the introduction of wireless number portability (WNP), while the implementation of the new system resulted in a negative revenue adjustment and increased operating costs totaling CAD 29 million.
EBITDA was negatively impacted by increased mobile expenses in the first full quarter of WNP in Canada as well as increased wireline expenses from the implementation of a new billing and client care system in Alberta.
Free cashflow was CAD 161.7 million, down 15.3 percent, due to higher mobile capital expenditures and lower operating profit. Capex was CAD 481.8 million, up 5 percent. With the mobile unit, net subscriber additions grew 3.5 percent to 128,200. Mobile revenue was CAD 1.05 billion, up 11 percent. Mobile EBITDA grew 3 percent. Wireline revenue was CAD 1.2 billion, down 0.8 percent. Data revenue rose 8 percent. Long-distance revenue fell 19 percent. Telus added 13,900 net high-speed Internet subscribers, taking the company’s high-speed base to 962,700, a 16 percent increase.
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