The Vancouver-based telecom said revenue jumped to nearly $4.9 billion in the fourth quarter, up from $4.1 billion the same period in 2020, with some of the gains coming from selling its financial-solutions business to Dye & Durham. (The Logic)
Skip to content
The Vancouver-based telecom said revenue jumped to nearly $4.9 billion in the fourth quarter, up from $4.1 billion the same period in 2020, with some of the gains coming from selling its financial-solutions business to Dye & Durham. (The Logic)
Talking point: Telus reported a $410-million pre-tax gain from the $500-million sale last December. It plans to use proceeds from the deal in part to grow its fibre and 5G networks. Telus also reported more details around the performance of its health and agriculture businesses, which are expected to follow its Telus International division’s go-public path. In the quarter, health-services revenues grew $22 million, or 18 per cent, mostly due to acquisitions and higher use of value-added services, among other factors. Within agriculture, the company saw double-digit revenue growth and said it would expand disclosure for the division this financial year. Telus International also reported its fourth-quarter earnings today, with quarterly revenue up 36 per cent year over year.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Analysis
Canada’s ETF industry is almost a trillion-dollar business
Briefing
A $4.6B power project tied to a Meta-linked Alberta data centre gets the green light
Quebec launches $1B water infrastructure housing program
Radical Ventures backs TwelveLabs in US$100M Series B for video AI tools
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
