VANCOUVER – Telus saw third quarter revenues grow 3.6% and profits increase 13% on the strength of its wireless unit.
Revenues grew $2.87 billion from $2.77 billion a year earlier, while earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 4.6% to $1.04 billion. EBITDA excluding restructuring and other like costs increased by 5.7% to $1.05 billion.
Net income increased 10.2% from $323 million to $356 million year-over-year, while adjusted net income rose 13% to $365 million.
Telus said that the increase in consolidated revenue was generated by a 5% growth in wireless network revenue and a 3% growth in wireline revenue. …
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TORONTO – Thousands of Telus small business customers can help foster the next generation of entrepreneurs, just by picking up a new smartphone for their own work.
During the month of November, Telus will donate $50 on behalf of every small business customer that purchases a new smartphone on a Telus Small Business SharePlus Plan to the Canadian Youth Business Foundation (CYBF). The donation will directly support Canada's emerging young businesspeople through the Foundation's Entrepreneurs-In-Residence (EIR) mentoring and training program.
The EIR program offers young entrepreneurs personal coaching as well as face-to-face and…
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OTTAWA – The federal government has quashed another try by Mobilicity to sell itself to Telus.
According to a Globe and Mail report on Wednesday, Industry Canada confirmed late Tuesday that it provided a confidential answer to Mobilicity about a potential transaction that the small carrier was trying to complete while under court protection from its creditors. Although IC declined to comment on the substance of its response, the story says that sources confirmed that government officials turned down the proposed sale.
Telecom analyst Dvai Ghose, Managing Director/Head of Research for Canaccord Genuity,…
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TORONTO – Telus may still have an opportunity to buy Mobilicity after an Ontario court awarded the struggling wireless carrier more time to restructure its business and complete a potential sale.
According to a Globe and Mail report on Friday, the Ontario Superior Court of Justice has extended the “stay period” during which the small carrier is shielded from any new or existing legal actions from October 30 until December 20, 2013.
Mobilicity had asked for additional time to secure the federal government’s approval for a proposed sale, though declined to identify its potential buyer. …
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VANCOUVER – Telus announced Wednesday evening it will buy Public Mobile.
“Following our review of strategic options for our organization, Telus stood out as the company most committed to strong customer service and innovation. We are confident this is the right decision for our customers, our company, our employees and our investors,” said Alek Krstajic, Public Mobile CEO, in a joint press release. “This transaction is the best option to guarantee continued quality service for our customers and to maximize the opportunity for our employees and investors.”
Pending approval from the Competition Bureau following today’s approval by Industry…
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HALIFAX – Telus will award grants of up to $5,000 each to select teachers in 16 Nova Scotia schools for new technology for learning in their classrooms through the $75,000 Telus Technology for Teachers Fund.
The Telus Technology for Teachers Fund is part of the company’s national Phones for Good campaign. For every new smartphone purchased in Nova Scotia between February 7 and August 7, 2013, Telus gave $25 to this fund, to a maximum of $75,000.
After receiving more than 100 applications, the Telus Atlantic Canada Community Board involved members of the education sector…
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CALGARY – Telus is bringing the fun of karaoke right into its customers’ living rooms by adding Stingray Digital’s Karaoke Channel TV app to its Optik TV lineup.
All Optik TV customers may now access an on-demand library of more than 8,000 karaoke videos, with more songs added regularly. The easy-to-use interface allows browsing and searching using the TV remote control, and the app also offers an optional lead vocal track to help would-be stars hit those notes.
The Karaoke Channel TV App is free for three months for Optik TV subscribers effective immediately. Find the app by pressing the 'app' or…
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VANCOUVER – Telus has launched a new program aimed at helping Canadians develop safer online habits.
The Telus WISE (Wise Internet and Smartphone Education) program offers free seminars and online resources in two parts – one aimed at adults interested in keeping themselves and their families safe; and the second tailored to appeal directly to youth.
The program for parents and adults, known as Telus WISE, includes seminars about the common pitfalls of cyberspace and how to better protect personal information from predators and malware; a library of online educational resources for parents about what choices children might be making online,…
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TORONTO – Telus is readying the latest generation of Telus Link, its Push To Talk (PTT) service, that promises to connect teams faster, in more places and on more devices.
Using Telus’ 4G HSPA and LTE networks as well as Wi-Fi, Telus Link will provide instant 'walkie-talkie' voice communication with an individual or a team as well as standard wireless service, enabling members of a work team to connect in less than one second wherever they are. Customers can also roam in the U.S. and around the world with enhanced coverage via PTT over Wi-Fi.
The service will roll out in…
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MONTREAL – After summer-long public relations campaigns which saw wireless companies and the federal government at each other’s throats, with consumers caught in the middle, the CFOs of Bell and Telus believe the industry must do a far better job of telling Canadians how good they have it in Canada.
“We have to work on our communication of why we’re successful in Canada, why this is a competitive market, why pricing isn’t out of line with what’s happening in the rest of the world,” Telus EVP and CFO John Gossling told attendees at the CIBC Institutional Investor Conference in Montreal…
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