Telus results show wireless-wireline tug of war

VANCOUVER – As at many traditional telcos, growth on the wireless side at Telus is offsetting the losses they are all experiencing in their conventional wireline business. The company today reported first quarter revenue of $2.35 billion, a 6.6% increase from a year ago. That performance was generated by 10% growth in wireless revenue and 19% growth in wireline data revenue during the three months ended March 31st, as compared to Q1 ’07. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) increased 24% to $950 million, largely due to the $173.5 million net-cash settlement feature expense recorded in the...