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Shares of TELUS Corporation (USA) (NYSE:TU) ended Monday session in green amid volatile trading. The shares closed up +0.04 points or 0.12% at $32.23 with 82,658.00 shares getting traded. Post opening the session at $32.14, the shares hit an intraday low of $32.09 and an intraday high of $32.27 and the price vacillated in this range throughout the day. The company has a market cap of $18.89 billion and the numbers of outstanding shares have been calculated to be 592.00 million shares.

TELUS Corporation (USA) (TU) announced a new pilot program that will offer low-cost Internet service to low-income single-parent families across the province on income or disability assistance. In the coming weeks, approximately 18,000 single-parent families currently receiving assistance from the province will receive a coupon code in the mail. The code will allow them to activate TELUS’ offer of Internet service for $9.95 a month. This innovative pilot program is entirely funded by TELUS and comes at no cost to the government or to taxpayers.

“The families participating in the TELUS Internet for Good program will have access to countless opportunities that are often taken for granted,” said Darren Entwistle, TELUS President and CEO. “From applying for a job, to accessing online learning, to connecting with distant loved ones, to virtually experiencing vibrant art and music, Internet connectivity will ensure these families are empowered to reach their full potential in our increasingly digital society.”

Shares of Boingo Wireless Inc (NASDAQ:WIFI) ended Monday session in green amid volatile trading. The shares closed up +0.12 points or 1.20% at $10.11 with 81,301.00 shares getting traded. Post opening the session at $10.06, the shares hit an intraday low of $10.04 and an intraday high of $10.18 and the price vacillated in this range throughout the day. The company has a market cap of $385.36 million and the numbers of outstanding shares have been calculated to be 38.12 million shares.

Boingo Wireless Inc (WIFI) announced its financial results for the second quarter ended June 30, 2016.

Second Quarter 2016 Financial Highlights

Revenue of $39.1 million increased 14.0% compared to $34.3 million in the second quarter of 2015. Growth was led by strength in both DAS and military.

DAS revenue of $13.9 million increased 14.6% compared to $12.1 million in the second quarter of 2015. DAS revenue for the quarter was comprised of $9.0 million of build-out project revenue and $4.9 million of access fee revenue.

Military revenue of $9.7 million increased 130.0% compared to $4.2 million in the second quarter of 2015.

DAS revenue of $13.9 million increased 14.6% compared to $12.1 million in the second quarter of 2015. DAS revenue for the quarter was comprised of $9.0 million of build-out project revenue and $4.9 million of access fee revenue.

Military revenue of $9.7 million increased 130.0% compared to $4.2 million in the second quarter of 2015.

Net loss attributable to common stockholders was $(7.3) million, or $(0.19) per diluted share, compared to a net loss of $(5.9) million, or $(0.16) per diluted share, in the second quarter of 2015.

 

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