Telus raises revenue outlook

Telus, Canada's second-largest telecom service provider, reported second quarter earnings that included a revenue spike of 8% to $2.4 billion, and a profit increase of 5.5% to $267 million. Also, unlike several other North American telecom firms, Telus actually raised its revenue outlook for the rest of this year, from the original range of $9.6 to $9.8 billion to the new forecast of between $9.675 billion and $9.825 billion. Wireless data was a primary growth engine, but wireline data revenue also grew by 20 percent. Telus CEO Darren Entwistle said the Vancouver company is still trying harder to cut costs.

For more:
- see this post by The Canadian Press