TELUS (TU) Launches Boost Wi-Fi To Improve Home Coverage

Telecommunications services provider TELUS Corporation (NYSE:TU) recently launched an indigenously built Wi-Fi router for improved coverage at every nook and corner of a house. Named Boost Wi-Fi, the new product aims to eliminate any dead zone for seamless Internet connectivity, irrespective of where the device is placed.

In order to achieve this objective and overcome common household hindrances like concrete, in-wall piping, appliances and mirrors that typically weakens the signal, Boost Wi-Fi will use a network of a maximum of five ‘boosters’ per household. These ‘boosters’ will seek to create additional hotspots to augment the signal where it is relatively weak, eliminating any location constraints for customers.

Moreover, an in-house design and production of the new product will facilitate TELUS customers to use it in sync with other existing Wi-Fi routers for maximizing Internet coverage. Boost Wi-Fi will also feature Smart Wi-Fi technology to optimize performance for various Internet of Things applications across the home.

TELUS continues to benefit from increased penetration of smartphones, higher average revenue per unit, accelerating wireless data services and growing wireline fiber optic networks. The company expects balanced growth for its wireless and wireline businesses owing to continued investments in high-speed broadband technology and services and its Customer First strategy. The company has also teamed up with Mojio to deliver connected car services in Canada. Mojio devices will allow drivers to connect their vehicles to the Internet through the TELUS network, thus allowing easy tracing, monitoring and identification of cars using smartphones.

The company has outperformed the industry with an average return of 7.3% over the past year against a decline of 4.1% for the latter. Moving forward, TELUS plans to generate subscriber growth in 2018 in its key segments like wireless, high-speed Internet and TELUS TV. Increasing demand for reliable access and fast-data services are likely to support the continued rise in customer base. TELUS International and TELUS Health are expected to contribute to the company’s growth profile, organically and from recent acquisitions.

TELUS carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry are Shenandoah Telecommunications Company (NASDAQ:SHEN) sporting a Zacks Rank #1 (Strong Buy), and Nippon Telegraph and Telephone Corporation (OTC:NTTYY) and Telefónica, S.A. (NYSE:TEF) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shenandoah Telecommunications delivered an average positive earnings surprise of 276.3% in the trailing four quarters, beating estimates thrice.

Nippon Telegraph has a long-term earnings growth expectation of 7.8%.

Telefónica is currently trading at a forward P/E of 10x.

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