TELUS Reports 5% Growth in Q4 200 Revenue

Canada's TELUS Corporation reported fourth quarter 2008 revenue of $2.45 billion, an increase of five per cent from a year ago. The performance was driven primarily by seven per cent growth in wireless revenue and 13 per cent growth in wireline data revenue, more than offsetting declines in local and long distance wireline revenues.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA), decreased by $16 million due to increased investments in operating efficiency initiatives that resulted in restructuring costs increasing by $32 million. Net income in the quarter was $285 million and earnings per share (EPS) were $0.90, down 29 per cent and 27 per cent respectively.
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