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) 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.
TELUS has announced the pricing of $2.0 billion in senior unsecured notes across three series, with maturities of 7, 10, and 30 years. The notes are issued under a Sustainability-Linked Bond Framework aiming for a 46% reduction in Scope 1 and 2 greenhouse gas emissions by 2030. The Series CAG Notes, with a yield of 5.293%, may see interest increase if sustainability targets are not met. The offering will close on or about September 13, 2022, and the proceeds will be used for debt repayment and general corporate purposes.
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TELUS International has appointed Beth Howen as its new Chief Transformation Officer, effective immediately. With over 25 years of experience, Howen will enhance the company's digital transformation and customer experience solutions for over 600 clients. Her previous role was as Global Head of Digital Transformation at Atos. The leadership change aims to capitalize on the increasing demand for digital transformation in various sectors including tech, eCommerce, and healthcare. The CEO expressed confidence in Howen's ability to drive growth and innovation.
TELUS Corporation has received the Ontario Superior Court's approval for its acquisition of LifeWorks, confirmed on August 4, 2022. The Competition Bureau of Canada issued a no action letter, clearing the deal, which is also now approved under the Hart-Scott-Rodino Antitrust Improvements Act. Both companies anticipate closing the acquisition in Q4 2022, pending additional regulatory approvals in the UK and Australia. This acquisition aims to combine TELUS Health and LifeWorks' capabilities, enhancing healthcare services for over 50 million individuals worldwide.
The Board of Directors of Telus has declared a quarterly dividend of $0.3386 Canadian per share on common shares. This dividend is payable on October 3, 2022, to shareholders recorded by the close of business on September 9, 2022. This announcement reinforces the company's commitment to returning value to its shareholders.
TELUS International (TIXT) reported Q2 2022 revenue of $624 million, a 17% increase year-over-year, with net income at $56 million, up from $16 million. Diluted EPS improved to $0.21 from $0.06. Adjusted EBITDA rose 15% to $150 million. The company anticipates continued double-digit growth, projecting revenue between $2,550 million and $2,600 million for 2022. TELUS International expanded its team by 23% to 69,218 employees and improved its leverage ratio to 1.5x.