Internet revenue now tops TV for Canada cable, telecom industry

By Alastair Sharp TORONTO (Reuters) – Canadians for the first time are spending more on internet access than television subscriptions from the country’s telecom and cable companies, the industry regulator said on Wednesday, citing soaring demand for streaming video and music services. Telecom and cable companies brought in a total of C$8.92 billion ($6.7 billion) in revenue from cable, satellite and Internet-enabled television subscriptions in 2015, while they collected C$9.81 billion from the supply of internet connections, the Canadian Radio-television and Telecommunications Commission (CRTC) said in its annual report on the industry. Appetite for music and video streaming and other data-intensive activities led to a 44 percent jump in wireless data usage in 2015 compared to 2014, and a 40 percent jump in the volume of data used in the home, the CRTC said.

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