Telus postpaid wireless subscribers up substantially while churn dives

VANCOUVER — Adding 99,000 net new postpaid wireless subscribers in its most recent quarter represents a 62% increase over the same quarter in 2016 means a great boost to revenue for Telus, but due to the costs of subscriber acquisition, net income was down compared to last year.Telus reported EBITDA (earnings before interest, taxes, depreciation and amortization) of $1.19 billion in the second quarter of 2017, a 0.4% increase over Q2 2016. The company’s adjusted EBITDA was marginally better at $1.23 billion in Q2 2017, a 3.6% increase when compared to its adjusted EBITDA of $1.19 billion in the same...