Canada's TELUS Attains New 3800 MHz Spectrum Licences
Portfolio Pulse from Lekha Gupta
TELUS Corp (NYSE:TU) has acquired new 3800 MHz spectrum licenses across Canada for $620 million, increasing their average national spectrum to 72 MHz. This acquisition, combined with the 3500 MHz spectrum from 2021, gives TELUS around 100 MHz of 5G mid-band spectrum with 96% contiguity, including all major markets. The company's Q3 FY23 operating revenues grew by 7.2% to C$5.01 billion, but adjusted EPS fell to C$0.25 from C$0.34 a year ago. TELUS shares closed up 2.11% at $17.91.
December 01, 2023 | 11:56 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
TELUS Corp has strengthened its 5G network capabilities with the acquisition of new spectrum licenses, which may enhance its competitive position and future growth prospects in the telecommunications sector. However, the company reported a decrease in adjusted EPS from the previous year.
The acquisition of additional spectrum licenses is a significant strategic move for TELUS, likely to improve its 5G services and attract more customers. The positive price action reflects investor optimism. However, the drop in EPS could be a concern for profitability, but this may be outweighed by the long-term benefits of the spectrum acquisition.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100