Telus adds 17,000 TV subscribers in 4Q 2022

TV net additions were 17,000 in the fourth quarter of 2022, a decrease of 1,000, mainly due to modestly higher churn driven by macroeconomic pressures impacting consumer purchasing decisions, partly offset by our diverse offerings

VANCOUVER, British Columbia — TELUS Corporation today released its unaudited results for the fourth quarter of 2022.

In the fourth quarter, we added 301,000 net customer additions, up 29,000 over the same period last year, and inclusive of 112,000 mobile phones and 106,000 connected devices, in addition to 42,000 internet, 28,000 security and 17,000 TV customer connections. This was partly offset by low residential voice losses of 4,000. Our total TTech subscriber base of approximately 18 million was up 6.4 per cent over the last twelve months, reflecting a 4.3 per cent increase in our mobile phones subscriber base to approximately 9.7 million, and a 16 per cent increase in our connected devices subscriber base to approximately 2.5 million. Additionally, our internet connections grew by 6.3 per cent over the last twelve months to over 2.4 million customer connections, our security customer base expanded by 22 per cent to approximately 1.0 million customers, and our TV subscriber base increased by 4.7 per cent to more than 1.3 million customers. Lastly, our residential voice subscriber base remained relatively flat at 1.1 million.

                                       Quarter 4                    December YTD  
                  ------------------------------  ------------------------------   
                   2022   2021  Change  % Change   2022   2021  Change  % Change
                  -----  -----  ------  --------  -----  -----  ------  --------
TV net additions     17     18     (1)    (5.6%)     60     50      10     20.0%
                  
                                                                    As at Dec 31
                                                  ------------------------------
                                                   2022   2021  Change  % Change              
                                                  -----  -----  ------  --------
TV subscribers*                                   1,325  1,265      60      4.7%

* TV subscriber means a subscriber on an active TELUS TV plan with a recurring revenue-generating subscription for video services from a TELUS TV platform.