CanadianTelco Services Q2 Breakdown: Trends, Insights, and Recommendations You Can't Miss

Highlights from Q2 2024 Results:

Telus

Operating Revenue- Q2 2024 -4974 CAD Millions- .6% change from y-o-y

Segment Revenue

·        Telus technology solution -Q2 2024-4288- CAD Millions-1% change from y-o-y

·        Telus Digital (Telus International)-Q2 2024-936- CAD Millions-4.5% change from y-o-y

·        Telus Health reported revenue of CAD 445 million, with a growth of 4%, and Telus Agriculture's revenue was CAD 91 million, a growth of 15.2%

Insights from Q2

1.        Telus's revenue stream diversification allows it to remain among the top three telcos in the Canadian Market.

2.        The revenue from the health and agriculture sectors has shown minimal growth over the past few quarters.

3.        Telus is acquiring companies in the B2B and healthcare sectors to boost its revenue.

Bell

Operating Revenue- Q2 2024 -6005 CAD Millions- (1%) change from y-o-y

Segment Revenue

·        Bell CTS -Q2 2024-5283- CAD Millions- (1.3%) change from y-o-y

·        Bell Media -Q2 2024-812- CAD Millions-.9 % change from y-o-y

·        BCE Net Income increased by $207 million, y-o-y, due to lower other expenses, lower severance, acquisition and other costs.

Insights from Q2

1.        Bell's wireline services are a significant contributor to overall revenue, showcasing the company's strength in this area.

2.        Bell continues to acquire companies in the B2B space and uses its AI capabilities to save costs (20M in Q2) and improve customer experience.

3.        Bell Canada has started to divest its assets (Sale of Northwestel) and, recently, the sale of a stake in the Maple Leaf sports franchise.

Rogers

Operating Revenue- Q2 2024 -5093 CAD Millions- 1.7% change from y-o-y

Segment Revenue

·        Rogers Wireless -Q2 2024-2466- CAD Millions- 3.5% change from y-o-y

·        Rogers Cable -Q2 2024-1964- CAD Millions- (2.8%) change from y-o-y

·        Rogers Media -Q2 2024-736- CAD Millions-7.3% change from y-o-y

Insights from Q2

1.        Rogers's strength lies in its wireless and cable (Internet and TV) services, significantly contributing to overall revenue. Rogers has the largest wireless subscribers in Canada.

2.        Rogers has firmly secured its position as the leader in the wireless and cable segments through substantial investments and strategic partnerships.

Recommendations

·        Telcos should prioritize streamlining operations and making all processes more efficient and leaner.

·        Telcos can benefit from implementing new technologies for internal use in order to reduce operational costs.

·        Telcos need to move away from the ideology of localized presence and try to increase their coverage in all areas of Canada.