Cable / Telecom News

Telus Q4 revenue and net profit growth driven by strong wireless and wireline business

Vancouver, B.C. – Telus finished 2014 with another strong quarter that saw double digit percentage growth in net profit and a 3.4% increase in operating revenue.Telus announced Thursday its consolidated revenue for the fourth quarter ended December 31, 2013 was at $2.95 billion, driven by increases in both its wireless and wireless business. EBITDA increased by 3.6% to $951 million. Net profit rose 10.3% to $290 million, while earnings per share rose by 17.5% to $0.47, compared to $0.40 in the same period a year earlier.Wireless network revenues increased by $56 million or 4.1% to $1.43 billion in the fourth...