VANCOUVER –Telus Corp reported a 5.5% increase in quarterly profits on the strength of wireless revenue and new mobile phone and Internet subscribers, but chief executive office Darren Entwistle told a conference call with analysts that the company needs to further reduce operating expenses."Despite the fact that since 2001 Telus's ongoing investment in restructuring and workforce reduction totals $1 billion, I am less than satisfied with the revision of our restructuring expense target from $50 million to $30 million," said Entwistle.Telus earned $267 million in the second quarter ended June 30. That was up 5.5 per cent from $253.1 million...
