BCE, Telus, MTS report quarterly financials

Three of Canada's largest carriers reported their financial results this week and two reported an increase in revenue.


Bell Canada Enterprises (BCE) Inc. reported net income of $590 million on revenues of $4.438 billion for the quarter. Revenue was up 3.3 per cent from 4.297 billion during the same period in 2009.


For the same period, Telus Corp. reported net income of $296 million on revenues of $2.4 billion.


Manitoba Telecom Services Inc. announced a drop in quarterly revenue.


Sales for the three months ending June 30 were $443.1 million, down two per cent from 452.8 million during the same quarter last year. Net income for the most recent quarter was $28.2 million.

BCE, Telus and MTS had long-term debt of $7.5 billion, $4.7 billion and $1.052 billion respectively.



MTS said its revenues attributed to Allstream were $210.1 million, down from $217.7 million a year earlier.


Allstream, which operates a national fibre network, was acquired by MTS five years ago and used to be known as AT&T Canada.


Telus stated revenues from data services were $273 million, up by $57 million or 26 per cent, “due to increased adoption of smartphones and related data plans and applications, increased mobile Internet keys, and higher in-bound volumes of data roaming.”


Telus noted it launched Data Notifications, a service whereby you get a text message if you are close to using all of the data included with your monthly plan.


Bell said its wireless operating income decreased by 5.6 per cent.

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