VANCOUVER – Higher operating expenses cut in to first quarter profits at Telus, the company said Thursday.
For the period ended March 31, operating expenses before depreciation and amortization jumped 8.2% to $2.11 billion compared to $1.95 billion year-over-year.
Telus said that net income of $412 million was 2.4% lower than the $422 million posted in the same period a year ago due to a $30 million increase to restructuring and other costs driven by efficiency initiatives, increased financing costs, as well as higher income taxes reflecting an increase to the B.C. corporate income tax rate.
Consolidated operating revenue increased by 6%…
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VANCOUVER – Telus’ 13th annual Days of Giving kicked off this week.
More than 34,000 Telus team members, retirees, family and friends will volunteer at 2,000 activities this year “to help create healthier, stronger and more sustainable communities across Canada and around the world,” says the company’s release.
Volunteer activities include shoreline cleanups, sorting food at food banks, reading to young students, donating blood, refurbishing shelters and planting trees. Through Telus Days of Giving, the company hopes to inspire Canadians to give back and share their acts of kindness on social media with the hashtag #GiveWhereWeLive.
Telus International team members in…
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VANCOUVER – Telus said Thursday that it is now the only Canadian TV provider to support 4K HDR, providing Optik TV customers with an unmatched viewing experience.
To experience 4K HDR, customers need a 4K HDR-capable TV, a Telus 4K PVR and Telus Internet 50 or higher.
Optik TV subscribers can currently enjoy 4K HDR content On Demand, with titles like Blue Planet II and Planet Earth II, plus films like Justice League, Dunkirk and Blade Runner 2049. A growing catalogue of 4K HDR-compatible titles can be accessed by pressing the On Demand button on Optik TV remote and choosing the…
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VANCOUVER – Telus is offering its Internet customers a new system that extends the reach of their in-home Wi-Fi signals to ensure that every corner of their home receives a strong and reliable Internet connection.
Telus Boost Wi-Fi uses a network of “boosters”, up to five per household, to efficiently relay the Wi-Fi signal and create additional hotspots wherever a stronger signal is needed. The system is outfitted with Smart Wi-Fi technology that optimizes device performance as a user moves from room-to-room, ensuring each device is connected to the optimal booster relative to its location.
The system may be set up with…
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VANCOUVER – Telus is offering their client base of enterprise organizations a helping hand with their digital needs through a partnership with Vancouver-based software development agency Two Tall Totems.
Two Tall Totems offers custom software design and development with technical capabilities that include mobile development, AR & VR, IoT, AI, cloud computing, and enterprise solutions.
The new partnership enables Telus to leverage Two Tall Totems’ engineers and designers to include custom software development alongside their suite of services. The partnership is a three year service agreement with an option to extend an additional two years.
“We are excited to extend our…
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VANCOUVER – “Robust customer growth” helped to lift fourth quarter revenues and profits at Telus, the company said Thursday.
For the period ended December 31, consolidated operating revenue increased by 4.9% to $3.5 billion over the same quarter a year ago, reflecting growth in wireless network revenue and wireline data services.
Earnings before interest, income taxes, depreciation and amortization (EBITDA) increased by 46% to $1.1 billion due to higher revenue growth and lower restructuring and other costs year-over-year, partially offset by higher acquisition and retention costs. Adjusted EBITDA was up 4.7% when excluding certain costs, including restructuring and other costs, which…
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LONDON, UK – Led by Telus, Canada now boasts some of the fastest LTE speeds in the world, says OpenSignal in its latest State of Mobile Networks: Canada report released Wednesday.
The wireless mapping coverage company examined over 405 million measurements collected from 20,474 mobile test devices between October 1 and December 30, 2017.
“In our 4G speed tests, Telus not only established a commanding lead over its competitors, it demonstrated some truly remarkable results”, reads the report. “Our average 4G download for Telus was 44.5 Mbps, which is among the fastest individual operator results we've measured on a nationwide…
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Company rebranded as Xavient Digital – powered by Telus International
LAS VEGAS and SIMI VALLEY, CA – Telus International has wrapped up its acquisition Xavient Information Systems and has rebranded the global IT consulting and software services company as Xavient Digital – powered by Telus International.
The US$250 million deal was first announced in October 2017. Telus International said Tuesday that with all conditions satisfied, it now holds a majority interest in Xavient and will purchase the remaining interest on or before December 31, 2020.
Xavient is headquartered in Simi Valley, California and has operations throughout the U.S. and in India,…
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GASPÉ, QC – Telus has pledged to forge ahead with its fibre optic deployment in Eastern Quebec after receiving financial support from both the federal and provincial governments.
Telus said Tuesday that it was granted $31 million by the feds’ Connect to Innovate program and the Quebec government's Québec branché program to continue deploying its PureFibre broadband network in the province. This amount is in addition to the $13.7 million that Telus has already committed to investing in its incumbent territory.
"Thanks to the support of the federal and provincial governments, we will be offering high-speed Internet access to 99% of the…
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EDMONTON – Telus hit wireless speeds faster than 2 Gbps during recent tests in Edmonton, the company announced Friday.
Telus said that the tests used 3.5 GHz spectrum, demonstrating how important this spectrum is to enabling 5G networks of the future. 3.5 GHz spectrum provides increased capability to cover wide urban and suburban areas as well as inside buildings to deliver true 5G speeds, and Telus said that its tests prove that speeds up to three times faster than current LTE networks are not only achievable, but will become mainstream over the next three years.
"For Canada to remain a leader in…
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