financial & operating highlights
- Achieved all consolidated 2004 revenue, profitability and cash flow targets, largely driven by TELUS Mobility significantly exceeding expectations
- TELUS Communications finished 2004 reporting its third consecutive quarter of improved results
- Strong growth in wireless and Internet subscribers
- Increased net income by 75% and earnings per share by 72%, due to strong wireless operating earnings and lower financing costs
- Improved free cash flow by 54% due to strong EBITDA growth and reduced restructuring payments
- Significantly improved 2004 year-end leverage as measured by our net debt to EBITDA ratio, ending the year at 2.1 times
