Telus' 2Q Shows Faster Wireline Gains, More Muted Wireless Growth; Profit Suffers; FVE Up to CAD 49
Narrow-moat Telus' second quarter was a microcosm of what we think is its long-term story, with impressive gains in broadband subscribers and wireline revenue per user but wireless subscriber numbers that were more pressured than the rest of the industry. Consolidated revenue grew over 5% versus last year's second quarter, slightly exceeding consensus estimates, but net income and EBITDA fell short, as adjusted EBITDA margin contracted by about 60 basis points to 37.2%. Nothing in the report cha...TELUS is a telecommunications company providing a range of communications products and services, including wireless and wireline voice and data. Data services include: internet protocol; television; hosting, managed information technology, security and cloud-based services; healthcare solutions; and business process outsourcing. As of Dec 31 2017, Co. had approximately 13.1 million subscriber connections, including 8.9 million wireless subscribers, 1.7 million high-speed Internet subscribers, 1.3 million residential network access lines, and 1.1 million TELUS TV® customers.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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