Cable / Telecom News

Unpopular investments (at the time) have led to strong run at Telus: Natale

MONTREAL – It's the darling of the Canadian telecom field these days among Bay Streeters, and Telus again had a strong quarter, posting a 13% increase in quarterly profit in its Q1 results released Thursday as it added tens of thousands of new wireless and IPTV customers. It’s wireless ARPU has grown to over $60 a month and the price of its newly split shares is on the rise. Churn is down, customer satisfaction is up, wireline revenues are increasing, and dividend payouts are growing for investors. According to EVP and chief commercial officer Joe Natale, this spate of recent...