Cable & Telecom

Telus posts “solid” Q3 as profits rise 4.2%

VANCOUVER – A surge in new wireless, internet and TV customers at Telus helped to drive up third quarter profits by 4.2%, the company said Thursday.For the period ended September 30, 2017, consolidated operating revenue rose 4.0% to $3.4 billion from the same quarter a year ago, reflecting an increase in revenue from its growth services, including wireless and wireline data revenues.  Earnings before interest, income taxes, depreciation and amortization (EBITDA) increased by 5.9% to $1.2 billion, while adjusted EBITDA was up 4.4% due to higher revenue growth and cost savings from ongoing operational efficiency and effectiveness initiatives.Net income of $370 million...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.