Cable & Telecom

Wireless, data, push Telus

VANCOUVER – While still reeling from this week's income trust announcement from the Federal government that would seem to put the kibosh on Telus' previously announced conversion plans, the company reported solid third quarter results on Friday. The company reported a 7% increase in revenue compared to a year ago to $2.2 billion "due to continued strong wireless and data growth," says the quarterly release. EBITDA increased 13% to $952.4 million for the quarter ended September 30th. Operating income came in at $569.1 million, a jump of 32.2% while net income rose 68.1% to $319.6 million. Free cash flow, however,...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.