Telus posted $301 million in net income this quarter, more than doubling last year’s result. The Vancouver-based telecom added over 1.1 million subscriptions across its service lines, prompting a 7% dividend increase to $1.67 annually. While average revenue per mobile user declined, customer growth—particularly for unlimited North America plans—strengthened performance.
Telus Health and Telus Digital also contributed rising revenue. The results come in stark contrast to Bell’s, which cut its dividend by over 50% to manage debt. Telus’s diversified strategy appears to be cushioning it against industry pressures and securing long-term shareholder value.
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