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TELUS Adds 262,000 Customers: Can Fiber Keep Driving The Momentum?

TELUS Corporation reported its financial results for the first quarter of 2026, highlighting continued growth in customer base, stable profitability, and strong free cash flow generation despite a competitive and evolving telecommunications environment. The company added 262,000 customers, a record for the quarter, driven predominantly by growth in connected devices and internet subscribers. This growth correlates with TELUS’s extensive investment in its PureFiber network, valued at approximately CAD 20 billion, which supports their premium bundled offerings in mobile and fixed broadband services. Revenue trends show a modest 1% increase in network revenue year-over-year, reversing previous declines, partially due to stabilized average revenue per user (ARPU) and improved customer retention rates. TELUS’s strategy of bundling mobile and home services appears to contribute to these results by driving higher revenue per household and reducing churn.