VANCOUVER – The economy plus investments in its network infrastructure combined to cut fourth quarter profits at Telus by 45%.Canada’s second largest telecom reported net income of $156 million for the quarter, down from $285 million a year ago. Revenue of $2.44 billion decreased by $11 million over the same period last year, which the company said reflected continued declines in traditional voice services, which offset growth in data and wireless revenues.Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 16% from the fourth quarter of 2008, primarily due to higher restructuring costs from on-going operating efficiency initiatives and...
