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Telus Reports $320M Profit Amid Cost-Cutting Measures

2/13/2025

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Summary

Story summary

Telus Corp. celebrated a strong fourth quarter, posting a profit of $320 million, a rise from last year's $288 million, alongside a revenue boost to $5.4 billion. While welcoming 37,000 new internet customers, mobile growth lagged with just 70,000 additions. Looking ahead, Telus aims for 2-4% growth in 2025, implementing cost-cutting measures, including voluntary severance for 700 employees.

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Story summary

Telus Corp. celebrated a strong fourth quarter, posting a profit of $320 million, a rise from last year's $288 million, alongside a revenue boost to $5.4 billion. While welcoming 37,000 new internet customers, mobile growth lagged with just 70,000 additions. Looking ahead, Telus aims for 2-4% growth in 2025, implementing cost-cutting measures, including voluntary severance for 700 employees.