The Vancouver-based telco reported net income of $301 million in its most recent quarter, more than double its profit in the same period last year, and added more than 1.1 million subscriptions to its assorted telecom services. Telus hiked its dividend by seven per cent, to about $1.67 a share per year. (The Logic)

Talking point: Telus acknowledged it’s making less revenue per mobile phone customer, but signing more of them up helped its bottom line. (More customers are choosing plans with unlimited data and service across North America, which cost more per month but reduce big overage and roaming charges.) It also reported growing revenue from its health-care segment, Telus Health, and from Telus Digital, which provides corporate services like AI chatbots and outsourced call centres. The telco’s relatively rosy earnings contrast with those of Bell, which cut its dividend by more than half this week to shore up its balance sheet.