Cable & Telecom

Wireless growth powers Q3 profits at Telus

VANCOUVER – Telus saw third quarter revenues grow 3.6% and profits increase 13% on the strength of its wireless unit.Revenues grew $2.87 billion from $2.77 billion a year earlier, while earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 4.6% to $1.04 billion.  EBITDA excluding restructuring and other like costs increased by 5.7% to $1.05 billion.Net income increased 10.2% from $323 million to $356 million year-over-year, while adjusted net income rose 13% to $365 million.Telus said that the increase in consolidated revenue was generated by a 5% growth in wireless network revenue and a 3% growth in wireline revenue.  Wireless...
 

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.