TELUS Reports Record Growth in Challenging Economy

Telus (TSE:T) has released an update.

TELUS Corporation has announced a record second quarter in 2024 with total customer net additions of 332,000, a 13% increase from the previous year, attributed to its robust portfolio in Mobility and Fixed services, and a focus on cost efficiency. The company saw a 5.6% increase in adjusted EBITDA and a substantial 71% rise in consolidated free cash flow, despite a challenging macroeconomic environment. These results showcase TELUS’s strategic focus on customer expansion and its leading broadband networks, although TELUS Digital, now rebranded to TELUS Digital Experience, revised its annual outlook due to the current economic climate.

For further insights into TSE:T stock, check out TipRanks’ Stock Analysis page.