Welcome to our dedicated page for Telus news (Ticker: TU), a resource for investors and traders seeking the latest updates and insights on Telus stock.
TELUS Corporation reports developments across a Canadian communications technology business that provides wireless, internet, television and landline phone services, with incumbent wireline operations in British Columbia and Alberta and a smaller wireline presence in eastern Quebec. News also reflects its non-telecom businesses, including TELUS Digital, TELUS Health and TELUS Agriculture & Consumer Goods.
Recurring TELUS updates include operating and financial results, dividend declarations, debt and capital-structure actions, annual meeting governance matters and leadership changes. Company and partner announcements also cover digital customer experience, AI data services, trust and safety solutions, broadband service capabilities and technology partnerships tied to connectivity and enterprise services.
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TELUS has priced $500 million of 4.95% Sustainability-Linked Notes, Series CAJ, due March 28, 2033. The notes, priced at $99.828 per $100 principal, yield an effective 4.972% annually, subject to a possible interest rate step-up. Proceeds will be used to repay outstanding indebtedness and for general corporate purposes. This issuance marks TELUS' fourth bond under its Sustainability-Linked Bond Framework, which aims to reduce greenhouse gas emissions by 46% from 2019 by 2030. Failure to meet targets can increase the interest rate by 0.75% annually. TELUS will report its performance against these goals annually.
On March 13, TELUS President and CEO Darren Entwistle purchased 150,400 common shares, increasing his total holdings to 556,904 shares. This investment aligns his interests with nearly 1.2 million shareholders and reflects his confidence in TELUS's growth strategy, particularly in telecommunications, TELUS International, TELUS Health, and TELUS Agriculture. TELUS reported strong fourth-quarter results, projecting revenue growth of up to 14% and EBITDA growth of 11% for 2023, alongside a near 60% increase in free cash flow, totaling approximately $2 billion. The company has sustained a dividend growth program for 13 years, yielding $18 billion since 2004.
Accenture (NYSE: ACN) has partnered with TELUS (NYSE: TU) to develop a next-generation entertainment and digital life platform aimed at enhancing TELUS's television business. The new platform enables access to TV and OTT content through any device, incorporating future technologies like 5G and IoT for innovative home and gaming services. Accenture's support includes cloud-native software engineering and expertise in product transformation, positioning TELUS as a software-driven organization while improving customer experiences in content consumption. This collaboration positions TELUS to adapt to evolving customer needs and new revenue opportunities.