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February 11, 2016 14 hours 48 min ago

Q4 profits fall 16.3% at Telus

VANCOUVER - Competition and the struggling Alberta economy helped to weigh down fourth quarter profits at Telus, the company said Thursday. For the period ended December 31, 2015, consolidated operating revenue grew 2.8% to $3.2 billion from $3.1 billion a year earlier, buoyed by higher data revenue in both wireless and wireline operations. Net income dropped 16.3% to $261 million from $312 million year-over-year due to “significant restructuring” and other costs. Read More »

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