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 (NYSE: TU, TSX: T) generates frequent news across communications technology, digital health, agriculture, consumer goods and customer experience services. Company releases highlight its broadband connectivity operations, global expansion of TELUS Health, and the growth of TELUS Digital’s AI‑enabled customer experience platforms. Investors following TU news can track how these activities interact with the company’s capital allocation framework, deleveraging plans and shareholder return policies.
Recent announcements have focused on TELUS Health’s global scale and monetisation strategy, including the engagement of TD Securities and Jefferies as financial advisors to evaluate potential strategic partnerships. News has also covered TELUS leadership and board members purchasing additional shares, as well as share repurchases under a normal course issuer bid, which the company links to its view of the stock’s value and its long‑term growth prospects.
TELUS regularly issues updates on its financing activities, such as offerings of fixed‑to‑fixed rate junior subordinated notes in U.S. and Canadian dollars, cash tender offers for multiple series of long‑dated notes, and the redemption of specific note series. Quarterly results releases provide detail on operating revenue, adjusted EBITDA, free cash flow, subscriber growth across mobile and fixed services, and performance in TELUS Health and TELUS Digital.
On this TU news page, readers can review company‑issued press releases and related coverage, including items on network investments, partnerships like the Terrion wireless tower venture, analyst recognition of TELUS Digital’s CX transformation capabilities, and updates to dividend and dividend reinvestment plan policies. Regularly checking this feed helps investors and observers understand how TELUS’ operational performance, strategic initiatives and balance sheet actions evolve over time.
TELUS Corporation (NYSE: TU) has announced the sale of its financial solutions business to Dye & Durham as of December 6, 2021. The proceeds will fund strategic growth investments, including expanding the PureFibre and 5G networks, and will also be used for debt retirement. TELUS will provide transition services for 24 months post-sale. The company expects no significant impact on its 2021 financial targets, although it will incur an estimated tax payment of $65 million from this transaction.
TELUS International (NYSE: TIXT) has announced that its CFO, Vanessa Kanu, received the 2021 CFO of the Year Award from the Ottawa Board of Trade and Ottawa Business Journal. This accolade recognizes leaders who excel in financial management and community commitment. Kanu played a crucial role during TELUS International's IPO, marking the largest tech IPO in the Toronto Stock Exchange history. CEO Jeff Puritt praised her leadership and strategic mindset that contributed to the company’s growth and profitability.
Harris Williams announced the sale of Blacksmith Applications, a portfolio company of Strattam Capital, to TELUS Corporation. Blacksmith provides SaaS-based revenue management software for consumer goods manufacturers, enabling them to optimize trade spend. The deal highlights Harris Williams' M&A expertise and strong performance in 2021. Blacksmith's client base includes major firms like Tyson and Nestle, underscoring its market significance. Strattam Capital focuses on B2B software technology investments, supporting growth in North America.
The Board of Directors of Telus has announced a quarterly dividend of $0.3274 CAD per share on common shares. This dividend is set to be payable on January 4, 2022, to shareholders who are on record by the close of business on December 10, 2021. This declaration reflects the company's ongoing commitment to returning value to its shareholders.
TELUS Corporation reported a record-breaking growth of 320,000 total customers in Q3 2021, an increase of 43,000 compared to last year. The company achieved 135,000 net mobile phone additions, up 24,000 year-over-year, with a churn rate below 1%. Revenue reached $4.3 billion, marking a 6.8% growth, while EBITDA increased 7.1% to $1.6 billion. The net income of $358 million indicates an 11.5% rise. A quarterly dividend of $0.3274 per share was declared, reflecting a 5.2% year-over-year increase.
TELUS International (TIXT, TU) reported a 30% revenue increase year-over-year, totaling $556 million, driven by organic growth and acquisitions. Adjusted EBITDA rose by 23% to $137 million, reflecting efficiency gains. Despite net income declining to $23 million from $28 million, adjusted diluted EPS improved by 13% to $0.26. The company successfully completed an oversubscribed secondary offering and reaffirmed its 2021 growth outlook, anticipating a revenue range of $2.17 to $2.21 billion.
QuintessenceLabs, a leader in quantum cybersecurity, has raised A$25 million in a Series B funding round led by Main Sequence and TELUS Ventures. This funding aims to enhance their quantum-safe crypto solutions amidst increasing quantum computing threats. The investment underscores the importance of robust cybersecurity measures in a digital landscape. QuintessenceLabs is recognized for its advanced capabilities and has been awarded titles like the World Economic Forum Global Innovator. The company is set to play a pivotal role in mainstream quantum cybersecurity solutions.
TELUS International (NYSE and TSX: TIXT) has appointed four independent directors to its board: Olin Anton, Sue Paish, Carolyn Slaski, and Sandra Stuart. Their diverse expertise aims to enhance the board's capabilities and support the company's commitment to ethical and responsible business practices. Chair Josh Blair expressed confidence that these additions will contribute positively to TELUS International's growth as a leading digital customer experience innovator, reinforcing strong governance and enriching the board's skill set.
TELUS International conducted a survey revealing that 81% of American employees feel bots have improved their work situation since the pandemic. The survey indicates that 90% expect bots to be integral in transitioning to permanent hybrid work models. Key tasks automated include IT troubleshooting (57%) and data entry (45%). Moreover, 88% of respondents are comfortable with bot integration. However, 34% noted a lack of training from employers on working with bots. TELUS International has launched Intelligent Insights to help companies manage robotic process automation effectively.
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