VANCOUVER – Competition and the struggling Alberta economy helped to weigh down fourth quarter profits at Telus, the company said Thursday.
For the period ended December 31, 2015, consolidated operating revenue grew 2.8% to $3.2 billion from $3.1 billion a year earlier, buoyed by higher data revenue in both wireless and wireline operations. Net income dropped 16.3% to $261 million from $312 million year-over-year due to “significant restructuring” and other costs. Adjusted net income dipped 1.2% to $324 million
Earnings before interest, income taxes, depreciation and amortization (EBITDA) fell 2.2% to $978 million, though EBITDA excluding restructuring and other like costs increased…
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GATINEAU – A new fund or reallocated money dedicated to supporting local news, would do little to provide a long-term solution to the financial situation facing local TV, Shaw Communications and Telus told the CRTC on Tuesday.
Telus noted in its opening remarks that any funding for local conventional stations to subsidize their news productions shouldn’t come at the expense of community TV and the diversity it provides to the system. As well, “subsidizing the commercial business models of traditional television stations will not incent the innovation required of these stations to provide sustainable programming opportunities in the long run,”…
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More digitization of health care key to improving service and reducing cost
MONTREAL – It’s unclear if Darren Entwistle meant to quote the iconic line from The Six Million Dollar Man, but its message was similar in tone, pushing for a plausible future in which technology plays more of a role in changing the human body – as well as its treatment, when sick or injured.
Entwistle pushed the efforts of Telus Health in finding technological solutions to make the delivery of health care more efficient, calling health care efficiency and effectiveness “the number one social challenge of our lifetimes,” in…
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OTTAWA – Telus is the second big wireless provider to reach an agreement with the Competition Bureau to credit or refund its customers who were charged for premium text messages that they had been led to believe were free.
The Bureau said Wednesday that Telus will issue rebates of up to $7.34 million to select current and former wireless customers after it concluded that the Vancouver-based telco made, or permitted to be made, false or misleading representations in advertisements for premium text messages in pop-up ads, apps and on social media.
The rebates will apply to Telus, Telus Mobility and Koodo customers…
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VANCOUVER – Telus president and CEO Darren Entwistle has bought up a sizeable chunk of the company’s common shares in what can only be seen as a clear vote of confidence in its future.
Telus said Tuesday that Entwistle, in combination with a family trust, purchased a total of 263,000 Telus common shares on December 17, representing an investment of approximately $10 million. Entwistle purchased 79,000 shares at an average price of $37.76, and the family trust purchased 180,000 shares at an average purchase price of $37.86, continues the news release.
Following this purchase, Entwistle will now personally own 233,865 Telus shares…
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TORONTO – Telus will join the increasing number of data centre providers in Canada offering hybrid cloud services that connect applications in corporate-owned or hosted private clouds or infrastructure, to public clouds.
The Vancouver-based telecommunications company said last week the new hybrid cloud service – to launch early next year – will allow organizations to shift workloads including virtual machines, operating systems, data, and applications between their private clouds (usually applications that need high security) and public clouds (applications that are under development or are less mission-critical).
"It's going to provide the ability to move workloads between these environments…
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OSOYOOS, B.C. – Telus said Thursday that it has invested $5 million to build five new wireless sites along Highway 3, bringing wireless service to approximately 105 kilometers of highway and the communities of Kitchener, Yahk, Lumberton, Bridesville and Curzon.
The project is part of the 10-year Connecting British Columbia Agreement that Telus signed with the province of B.C. in 2011. Under the terms of the agreement, Telus will invest to connect more than 1,700 kilometres of unconnected highways with wireless service.
“We recognize the growing demand for wireless services while on the road, particularly in Okanagan areas that may be…
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VANCOUVER – Telus has successfully closed its previously announced dual-tranche offering totaling $1.0 billion in senior unsecured notes.
The company said Tuesday that the net proceeds will be used to repay approximately $956 million of outstanding commercial paper and to fund the repayment, on maturity, of a portion of the $600 million principal amount outstanding on its series CI Notes due May 2016. The balance will be used for general corporate purposes.
"Our oversubscribed $1.0 billion debt offering demonstrates the confidence our investors have in Telus to successfully execute against our long-term growth strategy focused on core investments in our wireless…
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VANCOUVER – Telus is investing in California-based cybersecurity firm Zenedge in an effort to enhance cloud-based cybersecurity services for its business customers.
Telus Ventures, the strategic venture investment arm of Telus, said Thursday that it is participating in a $4.0 million Series B investment round, which follows Zenedge's $3.5 million round last year, bringing total venture funds raised by the company to $7.5 million.
Zenedge specializes in web application firewall and DDoS (distributed denial-of-service) mitigation for web applications, networks, and domain name servers. This investment will allow the company to add new DDoS mitigation centers in Toronto and Amsterdam, expanding…
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TORONTO – Telus Optik TV customers may now enjoy a free preview of Spanish-language TV channel Univision Canada.
Available on channel 2661, Univision Canada offers daily news, telenovelas, talk shows, and soccer coverage. On November 19, viewers may enjoy the exclusive Canadian broadcast of the Latin Grammy Awards.
Univision Canada is owned and operated by Telelatino Network Inc.
www.tln.ca
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