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 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.
TELUS Corporation reported strong second-quarter results for 2022, with consolidated revenues up 7.1% to $4.4 billion, driven by significant customer growth across mobile and fixed services. The company added 247,000 net new customer connections, supported by a robust 0.81% mobile churn rate. Adjusted EBITDA rose by 8.9%, and net income surged 45% to $498 million. TELUS Health's acquisition of LifeWorks was approved, enhancing its digital healthcare offerings. A quarterly dividend of $0.3386 per share was declared, marking a 7.1% increase year-over-year.
TELUS International (NYSE:TIXT) will announce its Q2 2022 results on August 5, 2022, before market opening. A conference call will follow at 10:30 a.m. (ET), where management will discuss the results and address questions from analysts. The call will be available via live webcast, with a replay accessible later on the company’s Investor Relations website. TELUS International specializes in digital solutions and customer experience for global brands, including sectors like tech, healthcare, and eCommerce.
TELUS International has announced a US$1.5 million investment in Ballina, County Mayo, enhancing its AI data solutions capabilities. This state-of-the-art facility aims to support the company’s global AI initiatives, employing over 200 team members. The investment follows the 2021 acquisition of Lionbridge AI. TELUS International continues to be a leading employer in Ireland, enhancing its local operations.
YBVR has received additional funding from TELUS Ventures to enhance the rollout of its Sports Metaverse services in Canada. This investment, building on previous support from Verizon and Telefonica, aims to advance YBVR's immersive live sports streaming technology, leveraging 5G/MEC capabilities for low latency experiences. YBVR's technology is designed for high-quality, interactive sports streaming, enhancing fan engagement while creating monetization opportunities for event organizers. The company is also preparing for a Series A raise to further capitalize on the growing market.