The following is a summary of the TELUS Corporation (TU) Q3 2024 Earnings Call Transcript:
Financial Performance:
TELUS reported strong Q3 2024 financial results, with a notable EBITDA growth of 5.6%, demonstrating the effectiveness of their transformational efficiency programs.
Mobile network revenue grew by 0.7%, driven by subscriber additions, despite a decline in mobile phone ARPU by 3.4%.
Fixed data service revenue saw a growth of 1.9%, supported by strong customer additions.
Total operating revenues increased by 1% year-over-year and adjusted EBITDA increased by 1.3%.
Business Progress:
TELUS continues to expand and invest in its PureFibre network, achieving significant wireline customer growth with 34,000 new Internet additions.
The company launched new consumer products, including TELUS Smart Energy and TELUS HomeView, enhancing their home security and automation offerings.
TELUS Business Solutions experienced robust growth, capitalizing on opportunities in IoT and private wireless networks.
Opportunities:
The continued expansion of the PureFibre network and the launch of new consumer products present significant growth opportunities in both the consumer and business sectors.
The focus on IoT and the business sector (TELUS Business Solutions) offers expansion into new revenue streams.
Risks:
The competitive intensity in the telecom market, particularly in western Canada, poses challenges to pricing and customer retention.
Elevated competitive activities impacting mobile ARPU, with pressures from aggressive market pricing and promotional activities.
More details: TELUS IR
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