TELUS invested $664 million as Capex in Q2

TELUS in Toronto

TELUS Corporation, a telecom operator in Canada, has invested C$664 million as Capex (capital spending) in the second quarter ended June 2015.

The growth in telecom investment of TELUS in the second quarter of the current year was 4.4 percent. TELUS has increased LTE network coverage across Canada to boost wireless data revenue.

The Canadian telecom operator is also increasing the guidance on Capex to approximately C$2.5 billion compared to its previously estimated target of $2.36 billion for 2015. “The additional capital investments reflect investments in broadband infrastructure to support the increasing demand for data services and higher network speeds,” said TELUS.

TELUS said its operating revenue rose 5.1 percent to $3.1 billion, while net income fell 10.5 percent to $341 million.

TELUS President and CEO Joe Natale said the company has gained nearly 50 percent of all net new wireless postpaid, Internet and TV customers.

In the second quarter, TELUS acquired 40 MHz of 2500 MHz spectrum nationally.

As a result of its long-term Capex program in the Canadian telecom market, wireless data revenue of TELUS increased 18 percent resulting into network revenue growth of 6.1 percent to $1.57 billion. Wireline data revenue increased 7.8 percent to to $1.38 billion.

TELUS said its wireless subscriber base increased 3.3 percent to 8.35 million, while high-speed Internet connections rose 6.2 percent to 1.5 million.

Baburajan K
[email protected]