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Telus reported $328 million in profit and announced a 5-percent increase in its quarterly dividend to 55 cents. Its adjusted profit was 97 cents per share, beating Street estimates.
President and CEO Darren Entwistle tells BNN he hopes to deliver low double-digit EPS growth.
"If you look at low double-digit growth in terms of earnings per share, I think that's pretty consistent with targetting a dividend growth of circa ten percent..." Entwistle said.
Wireless data revenue grew 44 percent, as Telus added about 52,000 postpaid wireless subscribers.
Entwistle says he expects the company’s to continue its strong growth in the smarthpone market.
"I would foresee a future where smartphones make up 100 percent of client base, because it becomes a tool that you can't leave home without," he says.