Friday, August 3, 2007

Telus profit falls on charges, abandons BCE quest

(Reuters) - Net earnings declined to C$253.1 million , or 75 Canadian cents a diluted share. That is down from a profit of C$356.6 million, or C$1.02 a share, in the same period last year. Telus, which confirmed its 2007 financial forecasts, also said it will not make a takeover bid for rival BCE , saying that it can generate growth on its own.






Read more at Reuters.com Market News

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