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Canadian carrier Telus posted their Q4 financial results today. In the end they reported a drop in earnings but growth in revenue. On the earnings front from Reuters:
Fourth-quarter earnings fell to C$285 million (US$231.7 million), or 89 Canadian cents a share, from C$400 million, or C$1.22 a share, a year earlier.
On the positive side, revenues did rise… by 5.3%:
Revenue rose 5.3 percent to C$2.45 billion on growth in wireless revenue. The company said more subscribers were picking up feature-rich smartphones, such as Research In Motion Ltd’s BlackBerry, and using services like messaging and Facebook, which boosts data revenue.
It should be an interesting and tough 2009 for Telus and all Canadian carriers. New competitors are set to take the scene following government wireless spectrum auctions in 2008. Add to that a weakening Canadian economy and new beefed-up discount carriers from the ‘Big 3′… We’ll see what happens.
[Via: Reuters]
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James was born and raised in Winnipeg, Canada. Almost 15 years ago he started out in the 'real world' as a web and graphic designer. Through the years he has finely tuned his skills in SEO, internet marketing, conversion strategy, and project management. To date, he runs his own successful consulting business where he advises companies all over the globe. A co-founder of www.crackberry.com, and sole proprietor of www.mactropolis.com, James in recent years has become very active in the tech blogosphere. Online community building and strategy is fast becoming one of his passions. Watch for James' no frills attitude, unique perspective and to-the-point comments here on IntoMobile!
