Vancouver, B.C. th TELUS Corporation's fourth quarter 2012 revenue increased six per cent to $2. 85 billion from a year earlier, while earnings before interest, taxes, depreciation and amortization (EBITDA) increased by more than eight per cent to $947 million
(Media-Newswire.com) - Vancouver, B.C. – TELUS Corporation’s fourth quarter 2012 revenue increased six per cent to $2. 85 billion from a year earlier, while earnings before interest, taxes, depreciation and amortization ( EBITDA ) increased by more than eight per cent to $947 million. Earnings per share ( EPS ) rose 17 per cent to $0.89.
Consolidated revenue growth was generated by an eight per cent increase in wireless revenue , due to continued subscriber and data average revenue per unit ( ARPU ) growth, and a 13 per cent increase in wireline data revenue. Consolidated EBITDA growth primarily reflects higher wireless EBITDA driven by revenue growth and higher margins.
TELUS finished the year with 13.1 million customer connections, adding 132,000 connections in the final quarter of the year. In the quarter, TELUS added 123,000 new postpaid wireless customers, 41,000 new TV subscribers and 23,000 high-speed Internet customers, partially offset by losses of prepaid wireless customers, phone lines and dial-up Internet. TELUS’ total wireless subscriber base of 7.7 million is up 4.5 per cent year over year, the TELUS TV subscriber base of 678,000 is up 33 per cent, and the number of high-speed Internet customers is up nearly seven per cent to 1.3 million.
Free cash flow in the fourth quarter increased 29 per cent from a year ago to $263 million primarily due to higher EBITDA. For the year, free cash flow increased 34 per cent to $1.3 billion.
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