Customize your website

Communications sector posts 2.1% increase in revenues

(Stock image)

(Stock image)

Published on July 29th, 2010
Published on July 29th, 2010
Canadian Press

The federal communications regulator says 2009 was a good year for Canada's communication sector despite a sputtering economy.

Topics :
Canadian Radio-television and Telecommunications Commission , Canada

 

The Canadian Radio-television and Telecommunications Commission says that overall, broadcasting, Internet and telecommunications firms realized revenues of $55.4 billion, an increase of 2.1 per cent.

Canada's economy was in recession or flat for most of the year, and the slowdown was reflected in some of the numbers.

For instance, advertising revenues for conventional television stations and radio stations fell 7.4 per cent and 5.2 per cent, respectively.

But the CRTC says that overall revenues were positive and the sector now accounts for 4.6 per cent of Canada's total gross domestic product.

Broadcasting revenues increased three per cent to $14.4 billion, primarily through increases in the distribution of television signals and by the specialty and pay television sector.

The telecommunications industry reported a 1.8 per cent increase in overall revenues to $41 billion. The wireless and Internet sectors posted positive results, while revenues for long-distance and local residential telephone services continued to decline.

Internet usage among Canadians reached new highs in 2009, with the consumption of broadcasting content among the most popular activities.

Broadband Internet, which enables the streaming and downloading of high-quality broadcasting content, was available to nearly every home. In addition, the percentage of Canadians that could access the Internet using their cellphones went from 91 per cent to 96 per cent in one year.

The regulator says the sector continues to experience major changes with competitors of established companies reporting $18.1 billion in revenues as cable companies increased their share of local telephone lines and residential Internet subscribers to 27 per cent and 57 per cent, respectively.

 

Submit a Comment

Submit a Comment

This form is NOT used for emailing the article to a friend. Please use the "Email to a friend" link at the top of the page for that purpose.

Ottawa Business Journal is not responsible for posted comments. Please be polite and confine your comments to the subject of the posted story. If you have an account, please sign on to it..

(we keep all emails private)
Agreement

We ask that users remain courteous. You may not post insulting, discriminatory or inappropriate content, which may be removed at our discretion. We are not responsible for user content and opinions. Use of this site as well as content submission & ownership are governed by our Conditions of Use and Privacy Policy.

Member organizations should be non-profit in nature, and promote legal activities. Any organization found promoting illegal activities or commercial products or services will be deleted from the site.

I agree with these conditions.

Enter the following code

Please copy the text above in this box.

Advertising

Newsletter

Please enter your email to receive our free newsletter

Subscribe to news alerts

Expert bloggers

Deloitte
Blogger
Shiraj Keshvani - Shiraj Keshvani
Using Tax Compliance to Build a...
[Sponsored]
Richardson GMP Limited
Blogger
Alan MacDonald - Alan MacDonald
What Dirty Harry Can Teach Us About...
[Sponsored]
André Filion & Associates...
Blogger
Craig Dowden - Craig Dowden
Do What You Love and the Money Will...
[Sponsored]
More bloggers here

Advertising