May 9, 2012 / 1:22 PM / in 5 years

Telus Q1 profit rises on higher wireless revenue

May 9 (Reuters) - Telus Corp’s first-quarter profit rose, helped by growth in its wireless segment.

Canada’s third-largest wireless company, which also sells landline phone, Internet and television services, made a net profit of C$348 million, or C$1.07 a share. It had a profit of C$328 million, or C$1.01 a share, in the year-ago period.

Revenue rose 4 percent to C$2.6 billion in the first quarter.

Telus is withdrawing its proposal to convert its non-voting shares to common shares, following a run-in with dissident shareholder Mason Capital, the company said earlier on Wednesday.

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