Telus Corp. (TSX:T) announced Friday its 2012 financial targets, which project continued growth, thanks to the company’s investments in broadband infrastructure in recent years.
The telecom projected consolidated revenue growth of 4% to 6.5% for 2011, while earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to up to 6% higher.
Telus’ long-standing national growth strategy of focsuing on wireless and data is also expected to drive next year’s growth. The company’s wireless revenue is forecast to increase between 5.5% and 8% in 2012.
Robert McFarlane, executive-vice president and CFO for Telus, said, “Telus’ 2012 targets build on the positive momentum we have delivered this year, particularly strong double-digit data revenue growth in both the wireless and wireline segments of our business.
“This growth is being generated by continued healthy additions of wireless smartphones along with Optik TV and high speed Internet service subscriptions.”
Revenue from Optik TV and high-speed Internet is expected to increase by between 1.5 % and 5% in 2012.
Telus’ consolidated capital expenditures in 2012 are expected to increase by 3% to approximately $1.85 billion, driven by wireless capacity upgrades and deployment of a new LTE (long term evolution) wireless network in urban markets, while wireline capital investments are expected to decline.
Jennifer Harrison
@JHarrisonBIV