Telus: IPTV, broadband to be wireline growth engines in 2011

Feeling "empowered" by its ongoing bet on wireline broadband, Telus (Toronto: T.TO) believes it's on target to meet its overall revenue targets of CAD $9.925 to $10.225 billion.

Not surprisingly, Telus believes the big contributors to growth in 2011 will be wireless and wireline broadband data and video.

Feeling the typical TDM-to-IP migration pain that every large telco is feeling, Telus forecasts that wireline revenue will range from negative 2 percent to positive 2 percent to CAD 4.725-4.875 billion due to industry-wide declines in traditional landline local and long distance voice service revenues. Likewise, Telus expects wireline EBITDA to decline between 6 percent to flat.   

What will offset losses in its wireline voice revenue in 2011 will be its ongoing deployment of higher speed VDSL2-based broadband and its Optik TV IPTV offerings.

In 2011, Telus plans to expand its VDSL2 broadband service and Optik TV in the top 48 communities in Alberta and B.C.

For more:
- see the release

Related articles:
Telus' Q3 profit down, but broadband, TV help it beat analyst forecasts
Telus Q2: Cost cutting, video service growth offsets line loss
Telus' Q1 results beat analyst forecasts, but revenue remains flat
Telus' wireline revenues dip, but IP services continue to shine

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