Cable / Telecom News

Telus Q2 revenue, income up; CEO says 70% of workers are crossing picket lines

VANCOUVER – A strong performance by the company’s wireless division helped lead Telus Corporation to strong revenue and income growth in the second quarter of 2005, ended June 30th. Consolidated operating revenues in the quarter came in at $2 billion, up 8% from a year ago while operating income was up 24%. Earnings per share for the second quarter were 53 cents, up 10% compared from Q2 2004 and net income was $189.5 million, a 10% increase. While praising the company’s results Telus president and CEO Darren Entwistle also addressed the current strike by its employees in British Columbia and...