Cable / Telecom News

Wireless growth at Telus drives up profits


VANCOUVER – Third quarter profits at Telus rose by 30%, which the company said Friday was generated by increases in its wireless, wireline and data revenues. Net income for the quarter ended September 30 was $326 million, a sizeable jump from $251 million in the same period last year.  Adjusting for three non-recurring items in the third quarter of 2010, normalized net income was higher by 12%. Revenues for the quarter grew 6.5% to $2.6 billion, compared to $2.5 billion last year, while earnings before interest, taxes, depreciation and amortization (EBITDA) of $968 million increased by 3% from $941 million due to...