Telus: 09 revenue to fall below expectations

Canada's Telus 2009 revenue forecasts don't look all that pretty. Canada's second largest service provider said that revenue will come in the lower end of its guidance range of about $9.04 billion.

Contributing to Telus' revenue decline is a $28.3 million increase in Q4 restructuring costs. For 2009, Telus increased its restructuring cost estimates from $150 million to $178 million as it implements new service initiatives in wireless and broadband next year.

However, Telus believes that the investment in these initiatives will increase its cash flow by more than 40 percent.

"We expect the significant on-strategy investments made in our wireless and wireline broadband networks will generate solid results in 2010," Darren Entwistle, Telus president and chief executive, said in a statement.

For more:
- Reuters has this article

Related articles
Telus TV gains 22,000 subscribers
Telus started offering satellite TV last summer
Telus IPTV gains, satellite coverage expands

Suggested Articles

Do-it-yourself security systems are causing some shifts in the residential security and monitoring market.

U.K.-based toob has tapped Adtran to help it build a full fiber platform to deliver gigabit speeds to more than 100,000 premises by the end of 2021.

Red Hat on Wednesday announced it has added new developmental tools and automation capabilities to its latest version of OpenShift.