Telus adds subs, grows revenue and earnings; unveils 2019 targets

VANCOUVER – Fourth quarter results released today from Telus show consolidated operating revenue increased by 6.3% compared to Q4 2017 to $3.8 billion.Growth was driven by higher wireless network revenue and wireline data services revenue growth, as well as higher wireless equipment revenue, the company said in its release this morning.Earnings before interest, income taxes, depreciation and amortization (EBITDA) increased by 1.1% to $1.2 billion thanks to higher revenue growth and higher wireless equipment margins. However, that growth was partly offset by increased costs to support a growing customer base (it added 164,000 total new customers – of which 112,000...