VANCOUVER -- TELUS Corporation (TSX: T and T.A / NYSE: TU) today reported for the third quarter of 2006 a seven per cent increase in revenues to $2.2 billion from a year ago due to continued strong wireless and data growth. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 13% due to strong wireless and wireline growth, aided by higher 2005 expenses due to the labour disruption. Earnings per share (EPS) for the third quarter were 94 cents, compared to 53 cents for the same period a year ago. EPS this quarter included favourable tax related adjustments of 9 cents per share. When normalizing for tax and the labour disruption impacts from 2005, EPS this quarter increased 42% due primarily to EBITDA growth lower depreciation and lower financing costs. The quarterly dividend was increased by 10 cents to 37.5 cents payable on January 1, 2007.

Darren Entwistle, president and CEO, said "Third quarter results showed continued wireless and data growth consistent with our national strategy, which drove strong consolidated revenue and earnings. Notably, for the first time, TELUS generated more than 50% of consolidated EBITDA from its fast growing wireless operations. We were also pleased to experience resiliency in our wireline segment as a result of strong data revenues, which offset increased competitive pressures affecting local and long distance revenues. Data revenues increased 9% supported by a 41,500 increase in our high-speed Internet base and continued growth in enhanced data and business services. TELUS remains committed to returning capital to our shareholders as evidenced by our announcement today to raise the quarterly dividend by 36%, as well as our track record and intentions for significant ongoing share repurchases."

Telus Corp. (NYSE: TU; Toronto: T)