Topic: How To Invest

The Successful Investor Hotline – Friday, October 4, 2019

Article Excerpt

TELUS CORP., $47.61, Toronto symbol T, has 9.89 million subscribers and is Canada’s third-largest wireless telephone carrier after Rogers (No. 1) and BCE (No. 2). In the latest quarter, the company’s wireless business supplied 54% of its revenue and 67% of its earnings. The remaining 46% of overall revenue and 33% of its earnings came from its wireline business. That operation has 1.23 million landline phone customers in B.C., Alberta and eastern Quebec as well as 1.92 million Internet users and 1.13 million TV customers. Telus has now agreed to acquire the Canadian business of U.S.-based security firm ADT Inc. (New York symbol ADT). That operation provides security monitoring services to about 500,000 homeowners and businesses across Canada. This purchase will increase the number of Telus’ security customers to roughly 600,000. The company will pay $700 million for ADT Canada when it completes the purchase by the end of 2019. To put that price in context, Telus earned $416 million, or $0.69 a..

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