By Adriano Marchese

Telus reported a rise in profit in the third quarter but mobile service sign-ups were lower in the period.

The Canadian communications technology company on Friday reported a higher net income of 431 million Canadian dollars ($305.3 million), or C$0.32 a share, up from C$257 million, or C$0.19 a share, in the comparable quarter a year ago.

The company credit the rise primarily to savings from buying back some of its long-term debt during a tender offer process in July.

Adjusted earnings were C$0.24 a share, missing analyst expectations of C$0.26 a share, according to FactSet.

Operating revenues edged higher to C$5.11 billion from C$5.1 billion, missing analyst targets of a greater rise to C$5.17 billion.

Telus said that it added 82,000 new mobile phone customers, 48,000 fewer than a year ago, mainly due to fewer new sign-ups and more customers leaving the service.

Mobile revenue fell 1% in the quarter, largely due to lower mobile phone revenue per unit, while mobile equipment and other service revenues fell by 12%.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

November 07, 2025 07:23 ET (12:23 GMT)

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