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.
- see the release
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