TELUS Corporation reported second quarter 2009 revenue of $2.38 billion, a decrease of $22 million from last year.

The one per cent decrease reflects continued declines in voice revenues that more than offset growth in data revenues. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by five per cent due primarily to a $49 million increase in restructuring costs from ongoing operating efficiency initiatives. Underlying EBITDA increased $34 million, or nearly four per cent, excluding higher restructuring costs and defined benefit pension plan expenses. The increase in underlying EBITDA reflects strong cost containment as operations expense decreased two per cent. Darren Entwistle, the president and CEO of Telus, added, “We continue to improve our competitive offering for our customers and enjoyed continued strong subscriptions to TELUS TV this quarter. This IP delivered service is now being complemented by the commercial launch in July of TELUS Satellite TV service across B.C. and Alberta, allowing TELUS to offer bundled entertainment services to more than 90 per cent of households.”