New Policy, More Services Help Telus

Article Excerpt

TELUS CORP. (Toronto symbols T $46 and T.A $45 (old symbol T.NV); Conservative Growth Portfolio, Utilities sector; SI Rating: Above average) continues to offer new wireless services, which should help it attract new customers and squeeze more revenue out of current users. Telus now plans to offer satellite radio services from XM Canada to its wireless customers. Only 10% of cellphone users subscribe to an entertainment service, so there’s plenty of room for growth. The company should also benefit from a new federal telecommunications policy. That will give Telus and other traditional phone service providers greater flexibility to compete with cable and Internet-based phone services. Telus is a buy. The cheaper, non-voting ‘A’ shares are the better choice. choice…

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