Telus income jumps 21% thanks to surge in wireless growth

VANCOUVER – A 12% increase in wireless subscribers helped to drive up second quarter earnings at Telus.Net income was $296 million, up 21% from $244 million in the same period last year, while operating revenues increased to $2.39 billion from $2.38 billion. EBITDA for the quarter ended June 30, 2010 was $919 million, compared to $873 million in the same period last year.Total net wireless subscriber additions of 124,000 increased by 12% over the same period a year ago. Higher value postpaid net additions were up 15% to 109,000, and smart phone subscribers now represent 25% of total postpaid subscribers,...