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(Bloomberg) Telus Corp. shares opened higher after the telecom operator said fourth-quarter revenue rose 5.2%, to C$4.06 billion ($3.2 billion), narrowly beating average analyst expectations, though adjusted earnings fell short.
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Canada’s second-largest telecommunications provider by market value added 87,000 net new wireless phone subscribers. Average mobile phone revenue per user fell 3.4% to C$57.29.Roaming revenue declined as lockdown orders across the country kept customers at home. Wireless network revenue was down 1%, and equipment and service sales fell 3.2%.The Vancouver-based company’s profitability dropped. Adjusted earnings were 22 Canadian cents per share, versus the average analyst estimate of 25 cents.”We did have a few acquisitions, which helped on that revenue line, but we’ve had extremely high-quality growth in both our wi