Telus reports flat adjusted earnings and mobile adds

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The Vancouver telecom company reported total operating revenue for the quarter of $5.05-billion, a 3.8-per-cent increase compared with last year

. Telus said the gain was driven by growth in its technology division, including health care, and consumer serviceOn a net income basis, Telus reported a 60-per-cent drop in profit to $265-million or 17 cents a share, reflecting a pre-tax gain of $410-million in the fourth quarter of 2021 from the sale of its financial services business to legal software provider Dye & Durham.

The company added 301,000 net customers across mobile and fixed services – including internet, security and television connections – during the latest quarter, up from 272,000 from last year. Mr. Entwistle said this was the company’s best fourth quarter on record for customer acquisitions. told The Globe this was a result of increased roaming charges from more international travel and customers upgrading to more expensive plans.

 

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