Cable & Telecom

Despite strike, Telus finishes strong

VANCOUVER – Record wireless customer additions made up for the impact of the strike in 2005 for Telus, the company reported this morning. Fourth quarter revenue was $2.1 billion, a 6% increase compared to Q4 2004 "due to continued strong wireless performance, including record wireless net additions," says this morning's press release. Operating earnings (EBITDA) were down 4% due to higher temporary expenses associated with the extended labour disruption in Western Canada that ended in late November. Reported earnings per share (EPS) for the fourth quarter were 22 cents, compared to 38 cents for the same period a year ago,...