Cable / Telecom News

Telus sees big revenue growth opportunity in connected devices


Company said two recent ISP acquisitions will help deliver on its home security business By Ahmad Hathout VANCOUVER – Telus executives said today they are “bullish” on the revenue generation that connected devices will deliver, especially as 5G wireless connectivity becomes more of a mainstay. The company reported a 16% increase in its connected device base – and year-over-year growth of 30.9% -- as it added 106,000 new devices in the fourth quarter of 2022 for a total of 2.5 million. Despite the growth, Telus CEO Darren Entwistle told investors on the company’s quarterly conference call that “it still has...