TELUS Corporation (TSX: T and T.NV / NYSE: TU) today reported for the fourth quarter of 2005 revenues of $2.1 billion that increased 6% from a year ago due to continued strong wireless performance, including record wireless net additions.

Operating earnings (EBITDA) were down 4% due to higher temporary expenses associated with the extended labour disruption in Western Canada that ended in late November. Reported earnings per share (EPS) for the fourth quarter were 22 cents, compared to 38 cents for the same period a year ago, reflecting primarily the labour disruption, higher restructuring costs and a non-recurring six cent financing charge for the early retirement of $1.6 billion of debt. Normalizing for these items and tax related and other adjustments, EPS would have increased 40% over the same period last year. Free cash flow remained robust at $110 million during the quarter, down $12 million or 10% from a year ago.