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.
