Bell Canada Q2 Results Show Meteoric Gains

August 6, 2010 - Written By Chris Yackulic
Bell showed positive numbers in all but one category in the Q2 financial release. Prepaid Subscribers are down in Q2 but this could also be a positive, perhaps the prepaid users changed over to contract accounts. Cell phone activations doubled and their subscriber base is up by 6% leading to sky rocketing revenues. Not so coincidental that these numbers are up since the launch of the HSPA+ network. Here are the numbers from Bell’s press release.
  • Total gross activations were 480,639 this quarter, or 19.0% higher than
    last year.
  • Total Bell Wireless operating revenues increased by 9.6% to
    $1,210 million this quarter.
  • Service revenues increased by 10.8% to $1,114 million due to subscriber growth,
  • The acquisition of the remaining 50% of Virgin and wireless data revenue growth of 45%.
  • Wireless data revenues represented approximately 22% of service
    revenues this quarter compared to approximately 17% of service revenues for the same period last year.
  • Product revenues decreased by 4.5% to $84 million due to competitive pricing on handsets.
  • Total net activations were 98,459 this quarter, or more than double the 44,716 net activations achieved last year.
  • Postpaid net activations were 102,754 this quarter, or 60.1% higher than last year.
  • The prepaid client base declined by 4,295 this quarter compared to a decline of 19,465 last year due to higher prepaid gross activations.
  • The Bell Wireless client base reached 6,987,386 at the end of the quarter, an increase of 6.3% compared to last year.