Nov 9 (Reuters) - Canadian telecom company Telus Corp's T.TO third-quarter profit missed analysts' estimates as it spent more to expand its wireless services.
Telus is facing rising competition in western Canada from cable rival Shaw Communications SJRB.TO , which has rolled out new internet and television products and is also building up a low-cost wireless business.
Telus said operating expenses rose 3.6 percent in the quarter.
Excluding one-time items, the company reported a profit of 66 Canadian cents per share, missing the average analyst estimate of 69 Canadian cents per share, according to Thomson Reuters I/B/E/S.
The Vancouver-based company said net income attributable to shareholders rose to C$367 million, or 62 Canadian cents per share, in the three months ended Sept. 30 from C$348 million, or 59 Canadian cents per share, a year earlier. revenue rose 4 percent to C$3.37 billion.