Telus predicts healthy profits, revenue for next year

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...