Telus surpasses half a million TV subscribers

This morning Telus Corporation reported fourth quarter 2011 revenue of $2.7 Billion, an increase of more than five per cent over the same period last year. The increase was generated by 6.5% growth in wireless revenue and four per cent growth in wireline revenue, both driven by strong data growth.

The company closed the year with strong subscriber results across all major product lines. Telus added 148,000 postpaid wireless customers in the fourth quarter as smartphone adoption continued to accelerate, causing wireless data revenue to increase by 43%.

In the wireline segment, Telus added 56,000 TV customers to bring its total subscriber base to 509,000. When combined withattracting 24,000 new high-speed Internet subscribers in the quarter, the Optik TV additions helped drive wireline data revenue growth of 15%.