Canadian cellphone usage keeps growing
In a trend that is mirrored in many parts of the world, Statistics Canada says that wireless communications by cellphones and PDAs have increased again in the 2nd quarter of this year, while wireline usage has dropped.
From March to June there were 438,000 new subscribers, bringing the total number to 15.5 million, which is 12.6% more than the same period last year. At the same time the number of residential wirelines fell by 2% and the number of business lines fell by 0.3%.
Being a wireless company in Canada is a good business. The companies enjoyed a combined record in revenue; $2.7 billion in the second quarter, up 16.1% from last year. Profits were $742 million, up 12.8%. The wireline business isn’t doing so good, though in most cases the same companies offer wired and wireless communications in the country. Wireline revenues were down 2.8 percent to $5.5 billion.
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