TELUS Boosts Streaming Services in Quebec With EnContinu+ Offerings

Core Insights - TELUS Corporation has launched EnContinu+, a streaming bundle aimed at enhancing the entertainment experience for Quebec residents, offering savings of up to 20% on individual packages [1][2] - The bundle includes two pricing tiers: a Basic Plan at $25/month and a Premium Plan at $38/month, featuring popular streaming services [2] - TELUS is committed to innovation and growth in Quebec, with a total investment of C$6.6 million in the North Shore region, supported by additional funding from the Quebec government and the Canadian Radiotelevision and Telecommunications Commission [5][6] Company Overview - TELUS is a leading telecom carrier in Canada, generating over C$20 billion in annual revenues and serving 19 million customer connections [4] - The company provides a range of services including wireless, wireline, and Internet communications for both businesses and consumers [4] Investment and Growth Strategy - TELUS plans to invest C$73 billion across Canada by 2028, with C$10 billion earmarked specifically for the Quebec economy [6] - Recent investments will support the deployment and upgrade of PureFibre and 5G networks, including the addition of 10 new 5G wireless sites [6] Financial Performance - In the last reported quarter, TELUS's total operating revenues increased by 0.6% year over year to C$4,974 million, primarily due to higher service revenues in the technology solutions segment [7] - However, the TELUS Digital segment experienced a decline, with revenues falling 7.9% year over year to C$666 million, attributed to challenging macroeconomic conditions [7] Stock Performance - TELUS currently holds a Zacks Rank of 3 (Hold), with shares rising 0.2% in the last trading session, but down 10% year-to-date compared to a 0.8% growth in the sub-industry [8]