Subscriber growth powers Q3 revenues, profits, at Telus

VANCOUVER — Telus experienced a “strong” third quarter with revenues reaching $3.77 billion, an 11% increase compared to the same quarter last year, primarily due to a spike in wireless subscribers, the company said Thursday.The company’s EBITDA (earnings before interest, taxes, depreciation and amortization) increased by 8.2% to $1.35 billion due to higher revenue growth and improved wireless equipment margins, partially offset by incremental employee benefits expense due to recent business acquisitions and increased costs to support its growing customer base. Adjusted EBITDA was 6.4% when excluding the net gain from the sale of Vancouver office tower Telus Garden, as...