Leading Canadian telecom company,
), announced on last Tuesday morning that it would offer
walkie-talkie voice communication service through TELUS Link, a
next generation Push To Talk (PTT) service to its customers,
beginning mid-October. The service is designed for prompt
communication with an individual or a group of people. Customers
can also avail Telus' PTT over Wi-Fi to connect while traveling
in the U.S. or worldwide.
We believe the new service and product will lead to growth at
Telus' wireless segment, leading to substantial revenue growth.
Despite being a positive announcement, the company stock
price did not show much of a movement but closed slightly
up (0.73%) on Tuesday trading compared to its opening price.
In an effort to expand its wireless business, last month the
company announced its expansion into health care technology with
investments in a heath care based software providing company, Get
Real Health. To support innovative and advanced products and
services, the company relies over its network infrastructure,
which is popular in the Canadian market.
Telus is leading the Canadian industry in the deployment of
the three fastest wireless networks - high-speed packet access
plus (HSPA+), HSPA+ Dual and Long Term Evolution (LTE). The
advanced wireless network is complemented by modern handsets and
wireless devices, which include the fourth generation iPad of
) and the iPad mini. Further, the company is expanding Internet
data centers to support its cloud computing services.
On the wireline front, Telus' ongoing investment in expansion
of its fiber-optic network provides compelling home entertainment
services in the west Canadian market. The company continues to
add new features as well as upgrade the existing features of its
Optik TV and Optik High-Speed Internet broadband services that
are gaining strong traction across British Columbia, Alberta and
Telus, which operates with other Canadian peers -
) - has a Zacks Rank #3 (Hold).
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