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TELUS Corporation - TU STOCK NEWS

Welcome to our dedicated page for TELUS Corporation news (Ticker: TU), a resource for investors and traders seeking the latest updates and insights on TELUS Corporation stock.

Telus Corporation (TSX: T, NYSE: TU) is Canada’s fastest-growing national telecommunications company, boasting an impressive $12.3 billion in annual revenue and over 13.9 million customer connections. These include 8.4 million wireless subscribers, 3.1 million wireline network access lines, 1.5 million high-speed internet subscribers, and 954,000 Telus TV customers. The company provides a diverse array of communication services and products, from wireless and data to Internet Protocol (IP), voice, television, entertainment, and video services. Notably, Telus is also Canada’s largest healthcare IT provider, a testament to its broad industry impact.

With an economic stake of 55% in Telus International, Telus has expanded its horizon beyond telecom into health, security, and agriculture sectors. Its international endeavors contribute to more than 20% of its sales, driven by recent acquisitions and an aggressive growth strategy.

Recent Achievements: On November 3, 2023, Telus announced its third-quarter results showcasing robust performance, especially in its core telecom business. The strong financial position was further bolstered by cost efficiency initiatives that aim to drive EBITDA expansion and cash flow growth. This strong performance supports their leading dividend growth program, which has been extended through to 2025.

Current Projects: Telus continues to innovate by offering enticing service bundles. Recently, Telus introduced Stream+, a new service package that includes Prime Video, Amazon Prime membership, and more, aiming to provide customers with a comprehensive entertainment experience.

Financial Condition: Telus achieved record customer growth in Q4 2023, driven by strong demand for its mobility and fixed services. Their capital expenditures and free cash flow have also shown a positive trajectory, reflecting a robust balance sheet.

Partnerships: The company recently entered a partnership with Vevo to expand their advertising reach in Canada, offering advertisers access to Vevo’s extensive music video content across major streaming platforms like YouTube, Apple TV, and Roku.

Significance: Telus's industry-leading customer service and strong financial strategies make it a noteworthy player in the global telecommunications landscape. Their focus on leveraging technology to drive social change and improve human outcomes sets them apart as a forward-thinking, socially responsible corporation.

For more information, please visit telus.com.

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Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, has been chosen by TELUS (TSX: T) (NYSE: TU) as its preferred ad technology solutions partner in Canada. TELUS will utilize Magnite's SpringServe ad server and Streaming SSP for its Free Ad-Supported TV (FAST) and online video advertising inventory. This partnership aligns with the growing trend of ad-supported streaming, as 74% of Canadian consumers now watch streaming TV. The collaboration aims to enhance TELUS's TV offerings at no additional cost to customers, while providing advertisers with better insights and control over their campaigns.

Magnite's technology will allow TELUS to manage and monetize its connected TV (CTV) inventory more effectively. TELUS has already deployed FAST channels like TIME, Tastemade, and The Washington Post to its TV+ customers, offering new opportunities for advertisers and agencies to connect with audiences. Both companies are excited about the potential to redefine the Canadian advertising landscape and deliver premium ad experiences to consumers and brands alike.

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TELUS announced the election of directors at its annual meeting. The 14 nominees proposed by management were elected, with high percentages of votes in favor for each director. The detailed voting results were disclosed, showing strong support from shareholders.

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Telus CEO, Darren Entwistle, has decided to receive his salary in shares indefinitely, reflecting his confidence in the company's financial health, long-term strategy, and the team's skill. This decision comes after Telus reported industry-leading customer additions and solid financial results. Entwistle's move demonstrates his alignment with shareholders and past practice of investing significantly in Telus shares.

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TELUS International reported its first quarter 2024 results, showing revenue of $657 million, net income of $28 million, and diluted EPS of $0.05. The company maintained profitability and strong cash flows despite economic pressures, with adjusted EBITDA increasing by 9%. The team member count decreased by 3% year-over-year. The outlook for 2024 includes revenue growth of 3% to 5%, adjusted EBITDA growth of 7% to 10%, and adjusted diluted EPS growth of 7% to 13%.

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TELUS reported strong operational and financial results for the first quarter of 2024, with total mobile and fixed customer growth of 209,000, a record first quarter. Notable highlights include robust net additions across mobile phones, connected devices, and fixed services, resulting in revenue growth. The company raised its dividend by 7.0%, reiterated its 2024 financial targets, and remains committed to delivering value to shareholders. Despite a decline in operating revenues, TELUS demonstrated resilience in a competitive environment.

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TELUS partners with Vevo to bring premium music video content and advertising opportunities to the Canadian market, offering advertisers access to Vevo's extensive music video library on major Connected TV platforms. The collaboration aims to enhance advertising strategies and connect brands with their target audiences effectively.
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TELUS prices $1.8 billion of senior unsecured notes in three series with varying maturities through a syndicate of agents. The offering is led by CIBC World Markets Inc, RBC Dominion Securities Inc, and Scotia Capital Inc.
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TELUS Corporation (TU) announces a quarterly dividend of $0.3761 Canadian per share for its Common shares, payable on April 1, 2024. Shareholders of record on March 11, 2024, will receive the dividend.
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TELUS International (NYSE and TSX: TIXT) releases Q4 and full-year 2023 results, showcasing revenue growth, improved profitability, and strategic partnerships. The company's outlook for 2024 includes growth projections and leadership transition news.
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TELUS Corporation (TU) reports industry-leading total Mobile and Fixed customer growth, strong financial results, and strategic outlook for 2024. The company achieved record high customer additions, with robust quarterly financial performance and targets set for 2024. TELUS Health unit also demonstrated significant growth and synergies.
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FAQ

What services does Telus Corporation provide?

Telus offers a wide range of communication services, including wireless, data, Internet Protocol (IP), voice, television, entertainment, and video services.

How is Telus performing financially?

Telus has shown strong financial performance, with robust revenue growth and significant cost efficiency initiatives driving EBITDA expansion and cash flow growth.

What are some recent achievements of Telus?

Telus recently reported strong third-quarter results for 2023, highlighting continued customer growth and financial stability.

What partnerships has Telus entered into recently?

Telus recently partnered with Vevo to expand their advertising reach in Canada, offering access to Vevo’s extensive music video content across various platforms.

What is Telus's dividend growth program?

Telus has a leading dividend growth program that has been extended through to 2025, reflecting their strong financial position and growth strategy.

What is Stream+ by Telus?

Stream+ is a new service package offered by Telus that includes Prime Video, Amazon Prime membership, and more, aimed at providing a comprehensive entertainment experience.

How many customer connections does Telus have?

Telus has over 13.9 million customer connections, including 8.4 million wireless subscribers and 1.5 million high-speed internet subscribers.

What is Telus International?

Telus International is a part of Telus Corporation that focuses on international business services, health, security, and agriculture industries. Telus holds a 55% economic stake in this segment.

What makes Telus a leading telecom company in Canada?

Telus's strong customer growth, excellent financial performance, and industry-leading customer service make it a top player in Canada’s telecom sector.

How does Telus contribute to social change?

Telus leverages its technology to drive social change and improve human outcomes, particularly through its healthcare IT services and community-focused initiatives.

TELUS Corporation

Nasdaq:TU

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TU Stock Data

23.36B
1.48B
0.02%
56.15%
1.92%
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