TELUS has announced their 2011 financial targets and it’s seems a banner year is in the works. While the wireless industry in Canada is expected to grow between 4.5-5% in 2011, TELUS plans to increase their wireless revenue between 3.5% to 6.5% ($5.2 to $5.35 billion). The reason for the growth is due to an increase of subscribers, continued adoption of smartphones and increased data and roaming revenues.
In the release TELUS said they’ll “deploy HSPA+ Dual Cell technology which will increase the manufacturer rated data downloads speeds of up to 42 Mbps. The deployment of Dual Cell is consistent with TELUS’ evolution towards Long Term Evolution (LTE) technology”. No word on which product but Bell recently released their Novatel Wireless U547 Turbo Stick which could reach speeds of 42 Mbps. However, TELUS states these numbers are targets and other factors can hinder 2011 results such as intense wireless competition and continued downward re-pricing.
Should be a great 2011. Read the full release here at TELUS