Telus Stock Price, News & Analysis

TELUS (TU) announced results and an upsizing of its cash tender offers dated December 12, 2025 to purchase seven series of outstanding notes.

The Company said C$1,873,961,000 in aggregate principal was validly tendered by the December 11, 2025 5:00 p.m. ET expiration. TELUS increased the Maximum Purchase Amount (previously C$500,000,000) to accept in full all tendered amounts for the 3.95% Series CAB (C$31.933M), 4.10% Series CAE (C$28.867M), 4.40% Series CU (C$173.548M), 4.40% Series CL (C$467.441M) and 4.70% Series CW (C$386.386M).

Pricing is expected at 11:00 a.m. ET on December 12, 2025, and settlement is expected December 16, 2025; the Financing Condition was satisfied by concurrent offerings of CAD$800 million and US$1.5 billion.

TELUS Digital (NYSE: TU) was named a Leader in the 2025 NelsonHall NEAT Evaluation for CX Services Transformation on December 9, 2025, receiving the analyst firm’s highest ranking across four categories: Overall Capabilities, CX Improvement, Cost Optimization, and Revenue Generation. The evaluation covered 23 vendors and rated vendors on ability to deliver immediate benefits and meet future client requirements.

NelsonHall highlighted TELUS Digital’s Fuel iX generative AI platform, mature AI operations, Trust & Safety practice, CCaaS/cloud/Salesforce expertise, and a broad partner ecosystem enabling scalable AI deployment and faster modernization.

TELUS (NYSE:TU) priced senior subordinated note offerings on December 5, 2025 totaling US$1.5 billion (two US series) and CAD$800 million (two Canadian series), each due June 9, 2056 with initial fixed coupons and five‑year reset features.

Key terms: US Series C US$800M at 6.375% (floor 6.375%) and Series D US$700M at 6.625% (floor 6.625%); Canadian Series CAT CAD$400M at 5.375% (floor 5.375%) and Series CAU CAD$400M at 5.875% (floor 5.875%). Closings expected on or about Dec 9, 2025.

Net proceeds will fund a tender offer up to $500 million, repay outstanding indebtedness including redemption of $600 million Series CV due March 2026, and general corporate purposes.

TELUS (TSX:TU) launched separate cash tender offers to purchase up to C$500,000,000 in aggregate of seven series of its outstanding notes, across maturities from 2031 to 2051.

The Offers expire at 5:00 p.m. ET on December 11, 2025 with settlement expected three business days later (currently projected as December 16, 2025). Total consideration per C$1,000 will be set using fixed spreads plus reference Canadian yields on the Price Determination Date of December 12, 2025 at 11:00 a.m. ET, plus accrued interest.

The company may allocate purchases among the seven series in its sole discretion, may prorate tenders, and may increase, decrease or waive the Maximum Purchase Amount. The Offers are conditional on a Financing Condition requiring TELUS to raise net proceeds via one or more debt issuances by the Settlement Date.

TELUS (TSX:TU) updated its capital allocation framework on Dec 3, 2025, announcing a new multi-year free cash flow target and changes to its dividend plan. The company reaffirmed ~$2.15B free cash flow for 2025 and set a preliminary $2.4B FCF target for 2026 with a minimum 10% CAGR in FCF from 2026–2028. TELUS will systematically step down its Discounted DRIP from 2% to 0% by 2028 and pause dividend growth while continuing quarterly dividends at $0.4184 per share. Leverage improved to 3.5x as of Sept 30, 2025, with targets of ~3.3x end-2026 and ~3.0x end-2027, supported by partnerships, hybrid notes, asset divestitures and monetization plans.

TELUS (TSX:TU) announced a quarterly cash dividend of $0.4184 CAD per common share, declared by the board on November 6, 2025. The dividend is payable on January 2, 2026 to shareholders of record at the close of business on December 11, 2025. Contact information for investor relations was provided.

TELUS (NYSE:TU) reported third quarter 2025 results on Nov 7, 2025, delivering 288,000 total mobile and fixed net customer additions and consolidated operating revenues and other income of C$5.106 billion (flat year-over-year).

Key metrics: Net income C$431M (+68%), Adjusted EBITDA C$1.862B (+1%), Free cash flow C$611M (+8%), and health operating revenue +18% / health Adjusted EBITDA +24%. TELUS raised its quarterly dividend to $0.4184 (+4%) and reported net debt/EBITDA of 3.5x, targeting ~3.0x by 2027.

Management noted variability in mobile equipment revenue and expects TTech operating revenue growth to land at the lower end of the original 2025 range while maintaining TTech Adjusted EBITDA, consolidated capex, and free cash flow targets.

TELUS Digital (NYSE:TU) expanded its generative AI platform Fuel iX to enable 70,000 TELUS team members to use AI without coding, aiming to save time, improve decisions, and enhance customer service.

Fuel iX is a model-neutral environment offering access to more than 50 large language models and an intuitive no-code interface that has produced over 21,000 Fuel iX Copilots to date. The platform includes products for security testing (Fuel iX Fortify), agent training, real-time agent assist, and enterprise deployments focused on safe, scalable AI adoption.

TELUS (NYSE:TU) completed the privatization of TELUS Digital on October 31, 2025, acquiring all outstanding shares for US$4.50 per TELUS Digital share, for aggregate consideration of approximately US$539 million.

Following closing, TELUS owns 100% of TELUS Digital. Consideration included US$508,970,041.54 in cash and issuance of 1,849,374 TELUS shares (under 1% of TELUS outstanding). The companies expect ~US$150 million of annualized operational synergies. TELUS Digital subordinate voting shares will be delisted and deregistered.