Telus: raising 2003 forecasts

3 Nov 2003

Vancouver-based telco Telus has reported a 2.3% jump in 3Q revenues to CAD1.806 billion. The increase helped the company to report a net income of CAD115.9 million for the quarter, compared to a loss of CAD107.4 million in the same period of 2002. As a result of its improved performance, Telus raised its 2003 EBITDA to between CAD2.8 billion and CAD2.85 billion.