Investors have long known of the benefits of investing in Telus Corporation (TSX:T)(NYSE:TU). As Canada's third-largest telecom player, Telus has a sizable subscriber base which provides a healthy stream of revenue.
Telus Corp. is trying to impose a three-year wage freeze for thousands of its employees as the Canadian wireless carrier works to control costs amid renewed competition from Shaw Communications Inc. and an economic downturn in its key market of Alberta.
Telus Corp., one of Canada's big three telecommunications companies, posted earnings that topped analysts' expectations, signing up significantly more wireless customers than expected despite tough times in Alberta.
Canada's third largest telecommunications company Telus Corp. reached a tentative agreement with the union representing thousands of its employees, but it's shorter than the six-year term it originally proposed amidst economic uncertainty in the west.