Smartphone Q3 growth drives Telus revenues up 6% to $2.8 billion

VANCOUVER - The financial future looks friendly for Telus Corporation whose CEO has decided for the fourth consecutive year to take his salary in Telus shares. The move should come as no surprise given that Telus’ third quarter revenue increased 6% to $2.8 billion, while profit rose 7.7% from a year ago to $351 million. Earnings per share jumped 8% to $1.08 and free cash flow in Q3 increased 23% from a year ago to $426 million primarily due to higher EBITDA. Smartphone subscribers now make-up 63% of the total postpaid subscriber base of 6.4 million at Telus compared to 48%...