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.
TELUS Corporation (NYSE: TU) has completed its acquisition of WillowTree, now a TELUS International Company, enhancing its digital product offerings. This strategic move adds front-end design capabilities, diversifying the client base with over 50 new marquee brands. With over 70,000 team members globally, TELUS International supports more than 650 clients across various sectors. The acquisition aims to enhance customer experiences and accelerate digital transformation initiatives. Financially, WillowTree reported approximately $140 million in revenue in 2021, supporting TELUS's rapid deleveraging goals.
TELUS Corporation (NYSE: TU) and TELUS International (NYSE: TIXT) have completed the acquisition of WillowTree, a premier digital product provider. This acquisition, TELUS International's tenth since 2005, enhances its digital capabilities, adding robust front-end design skills and expanding its client base by over 50 marquee brands. With this integration, TELUS International aims to accelerate digital transformation across various sectors, including health and agriculture. WillowTree reported approximately US$140 million in revenue in 2021, demonstrating strong profitability and cash flow.
TELUS Corporation (TU) has acquired an additional 92,419 subordinate voting shares of TELUS International, bringing its total shares acquired since June 2022 to 1,414,900, representing 2.12% of outstanding shares. The average purchase price was C$26.43. TELUS CEO Darren Entwistle emphasized the strategic importance of TELUS International and its growth potential, especially with the upcoming WillowTree acquisition. TELUS now holds approximately 74.78% of the multiple voting shares and 56.63% of the total shares of TELUS International.
The Board of Directors has announced a quarterly dividend of $0.3511 Canadian per share on common shares, set to be paid on January 3, 2023. Shareholders of record must own shares by the close of business on December 9, 2022. This declaration reflects the company’s commitment to returning value to shareholders.
TELUS Corporation reported a record-breaking third quarter for 2022, achieving a total of 347,000 net customer additions, a 27,000 increase year-over-year. Mobile phone net additions reached 150,000, the best since 2010, alongside 124,000 connected device net additions. Consolidated revenues rose by 10% to $4.7 billion with net income increasing 54% to $551 million. This quarter also saw a 7.2% dividend increase, supported by a 63% boost in free cash flow. TELUS continues to expand its digital capabilities with recent acquisitions such as LifeWorks and WillowTree.
TELUS International (TIXT,TU) posted Q3 2022 results, reporting $615 million in revenue, an 11% year-over-year increase. Net income rose to $59 million or $0.22 per diluted share, compared to $23 million and $0.09 in Q3 2021. Adjusted EBITDA reached $158 million, a 15% increase. The company's acquisition of WillowTree aims to enhance its digital capabilities. For full-year 2022, revenue is anticipated between $2,450 and $2,490 million, reflecting sustained growth amid macroeconomic challenges.
TELUS Corporation (NYSE: TU) announced its agreement to acquire WillowTree, a digital product provider, for an enterprise value of $1.225 billion, including $210 million in assumed debt. The deal enhances TELUS International's capabilities in design and development, adding over 50 new brands to its client base and diversifying geographic presence. The acquisition is expected to close in January 2023, subject to customary conditions. This strategic move aims to strengthen TELUS's digital transformation and customer experience across various sectors.
TELUS International has announced a definitive agreement to acquire WillowTree for an enterprise value of US$1.225 billion, which includes US$210 million in assumed debt. The acquisition is expected to close in January 2023 and is anticipated to enhance TELUS International's digital consulting capabilities while adding over 50 new marquee brands to its client base. This strategic move aims to diversify geographic presence and bolster technological innovation across key sectors, including health and agriculture, while integrating WillowTree's talented workforce.
TELUS has partnered with YBVR and MEDIAPRO Canada to launch a free TELUS Sports app, allowing Canadian soccer fans to experience the Canadian Premier League (CPL) matches with immersive features. Fans can choose from up to eight camera angles for an enhanced viewing experience. This initiative aims to boost the digital content offering of the CPL and is available for the remaining matches of the season. As soccer's popularity continues to grow in Canada, this partnership showcases technological innovation in sports broadcasting.
TELUS International, recognized as a 'Leader' by Everest Group in the 2022 PEAK Matrix for Customer Experience Management in the Americas, has demonstrated its innovative capabilities and adaptability amid growing competition. The firm was also named a 'Star Performer' in the EMEA region, highlighting its strong market presence and effective service delivery. According to Everest Group, TELUS International excels in digital solutions, agent engagement, and meeting client expectations, showcasing a robust strategy to maintain its leadership in digital customer experiences.