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TELUS delivers revenue and EBITDA growth
Revenues increased 18% to $7.2 billion from a combination of data, IP and wireless growth
plus acquisitions. EBITDA increased a solid 9%, driven by national wireless business and
incumbent operations in the West. Earnings decreased due to higher depreciation and
financing costs from investing in growth and national expansion through a series of
acquisitions as well as capital expenditures. This resulted in a 7% increase in total assets.
Notably, wireless and Internet customer growth was strong, up 19% and 35%, respectively.
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annual report
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