VANCOUVER – Telus is expecting 2012 to be a rosy one. The telco said Friday that subscribers increases for its smart phone, TV and high speed Internet services will help to drive up its profits and revenues next year.
Telus is predicting that its revenues will come in between $10.7 billion and $11 billion, up 4 – 6.5% than in 2011, and that earnings before interest, taxes, depreciation and amortization (EBITDA) is expected to be higher by up to 6%.
Wireless revenue is forecast to grow between 5.5 – 8% to between $5.75 and $5.9 billion, while wireline revenue will be in the $4.95 to $5.1 billion range, an increase of 1.5 – 5%.
"Telus’ 2012 targets build on the positive momentum we have delivered this year, particularly strong double-digit data revenue growth in both the wireless and wireline segments of our business”, said EVP and CFO Robert McFarlane, in a statement. "These targets demonstrate the benefits of the major strategic network related investments made in the last several years combined with good operational progress, resulting in growth in revenue and earnings, as well as strong free cash flow growth."
The company also plans to fund a voluntary $100 million defined benefit pension contribution, down from $200 million last year.
