So what's Going on with Telus
In 1998 I was responsible for scanning the rates of B.C. Telephone at a rate hearing held in Vancouver.Within months it was to become the new Telus. And it has grown tremenduously since then.Originally it was Alberta Government Telephones and then it acquired both Edmonton Telephone and Quebec Telephone.Then in 1998 it acquired or merged with B.C.Telephone.Consequently, Telus had annual revenue of about $10 billion in 2011 but in 2025 it had annual revenue of $20.4 billion.This is an annual growth rate of 7% over the entire period.But in 2024 the growth rate has dropped to about 2%.B.C. Telephone, now Telus,is a regulated telephone utility.It's rates are regulated by the federal government.Rates on regulated telephones never go down and the number of subscribers always goes up although only slightly so.This is an equation for consistently rising revenues and usually also net income.But in 2025 both net income and the rate of return on equity were much lower.And in...
