Wireless a big plus for Telus

Article Excerpt

TELUS CORP. $32.34 (Toronto symbol T.A; Shares outstanding: 335.6 million; Market cap: $10.9 billion; SI Rating: Above Average; Dividend yield: 5.9%) expects its revenue to rise by 2% to 5% in 2010, to between $9.8 billion and $10.1 billion. Most of the gain will come from its wireless division, which accounts for half of Telus’s revenue and earnings. This division recently upgraded its wireless networks to handle a wider variety of cellphones, including the hugely popular Apple iPhone. Telus should also profit as more people use their cellphones to send email, access the Internet and download software. Telus is a buy. buy…