Telus lowers expectations for 2009, could cut 1500 jobs

VANCOUVER – Telus Corporation reported a slim 1% growth in revenue for its first quarter, and lowered its full-year guidance accordingly. Revenue for the quarter ended March 31, 2009, was $2.375 billion, an increase of $25 million, led by a 3% growth in wireless revenue and a 6% growth in wireline data revenue, which the company said more than offset its on-going declines in local and long distance wireline revenues. The Burnaby, BC based telecom company lowered its 2009 guidance to “reflect the worsening Canadian economy since (December 2008), weaker than expected wireless results at Telus and the industry in the...