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 reported strong first-quarter results for 2021, with consolidated revenue of C$4.0 billion, an increase of 8.9% year-over-year. EBITDA rose by 3.7% to C$1.5 billion, while net income decreased 5.7% to C$333 million. The company achieved 145,000 net customer additions and a quarterly dividend increase of 8.6% to C$0.3162 per share. TELUS Health services revenue soared 10%, driven by a tripling of virtual care members to 2 million. However, free cash flow dropped 41% to C$321 million, influenced by increased capital expenditures and elevated operating costs.
TELUS International (TIXT,TU) reported robust Q1 2021 results, achieving 57% revenue growth to $505 million, including 20% organic growth. Adjusted diluted EPS surged 229% to $0.23, reflecting strong demand across tech and games sectors. The company repaid $530 million in debt using IPO proceeds, maintaining a leverage ratio of 2.7x. The outlook for full-year revenue is set between $2,150 and $2,190 million. The firm emphasizes sustainable partnerships and integration of new capabilities for continued growth.
TELUS Corporation (NYSE: TU) has successfully closed its bought deal offering, raising C$1.3 billion through the sale of 51,300,000 common shares. This capital will enhance the company’s balance sheet and accelerate its broadband investments, particularly in expanding the TELUS PureFibre infrastructure across Alberta, British Columbia, and Eastern Quebec, as well as advancing its national 5G network rollout. The offering was led by a syndicate of underwriters including RBC Capital Markets and CIBC Capital Markets.
TELUS has announced an offering of $500 million in senior unsecured Series CAE notes with a 30-year maturity and an interest rate of 4.10%. The notes, priced at $99.47 per $100 principal amount, will yield 4.131% per annum, maturing on April 5, 2051. Proceeds will fund the repayment of 10.65% debentures and commercial paper, alongside general corporate purposes. The closing is expected on or about April 5, 2021, and the offering will not be available in the United States. TELUS emphasizes caution regarding forward-looking statements due to market risks.
TELUS Corporation (NYSE: TU) has announced a bought deal offering of 51.3 million common shares at C$25.35 per share, raising approximately C$1.3 billion. The funds will boost its balance sheet and accelerate investments in broadband, particularly in 5G and PureFibre infrastructure across Alberta, British Columbia, and Eastern Quebec. TELUS plans to invest C$500 to C$750 million in 2021 and expects annual capital expenditures to decline to C$2.5 billion by 2023. The offering's closing is anticipated around March 31, 2021, subject to regulatory approvals.
Lionbridge has successfully closed the sale of its AI division to TELUS International as of December 31, 2020. This divestment aligns with Lionbridge's strategy to concentrate on core language services across diverse sectors including technology and life sciences. CEO John Fennelly highlighted the cultural fit between the companies and expressed optimism for Lionbridge’s renewed focus on innovation for their customers. The transaction was facilitated by Morgan Stanley & Co. LLC and Kirkland & Ellis LLP, marking a significant transition for Lionbridge as it celebrates its 25th anniversary.
TELUS has announced an evolution of its brand promise to ‘let’s make the future friendly,’ reflecting its commitment to drive social change through technology. This new brand identity builds on its 20-year history of embracing technological advancements such as 5G and virtual health. The company has contributed $1.3 billion in community support and launched initiatives like the $100 million TELUS Pollinator Fund for Good. Additionally, TELUS Health is enhancing access to healthcare, having invested $3.2 billion in the past decade. These efforts are aimed at engaging Canadians in creating a socially responsible future.
The Board of Directors has declared a quarterly dividend of $0.3112 Canadian per share on the issued and outstanding Common shares.
This dividend will be payable on April 1, 2021 to shareholders on record as of March 11, 2021.
TELUS Corporation reported a robust fourth quarter with 253,000 net customer additions, driven by strong wireline and wireless performance. The company achieved 5.2% consolidated revenue growth, totaling C$4.1 billion, despite a 0.2% decline in EBITDA to C$1.3 billion. Annual revenue and EBITDA rose 5.5% and 0.2% respectively, with free cash flow hitting C$1.435 billion. Looking ahead, TELUS targets up to 10% revenue growth and approximately C$1.5 billion in free cash flow for 2021. The successful IPO of TELUS International set a TSX record with a market cap exceeding C$10 billion.
TELUS has announced a strategic 10-year partnership with Google Cloud to enhance digital transformation across various sectors, including healthcare and agriculture. The collaboration aims to modernize TELUS' IT infrastructure through public cloud solutions, improving customer experience and operational efficiency. Both companies will co-develop new industry solutions, leveraging data and AI to create valuable insights. Emphasizing sustainability, the partnership also focuses on reducing TELUS' carbon footprint while enhancing services like 5G.