WRAPUP 1-Telus profit steams ahead, BCE trails on flat revenue

Thu May 9, 2013 11:44am EDT
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* Telus profit jumps 13 pct; BCE up less than 7 pct

* Telus stock rises after results; BCE dips

* Wireless growth helps both companies

* Telus results gets Optik TV boost

By Alastair Sharp

TORONTO, May 9 (Reuters) - Canadian telecoms provider Telus Corp promised three more years of dividend growth on Thursday as it reported a 13 percent rise in quarterly profit, results that outshone cross-Canada rival BCE Inc.

Both companies scored in the fast-growing wireless space as consumers grasp for the latest smartphones to stream video and other data. But Telus also managed to increase its fixed-line business on the back of its Optik TV product and it raised its 2013 dividend by 11.5 percent.

BCE profit rose 6.6 percent, and the company said it remains on track to hit its full-year earnings targets.

Telus shares were up 1.8 percent at C$37.35 on Thursday morning, while BCE shares were down 0.4 percent at C$47.72.   Continued...