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 (TU) delivers cutting-edge telecommunications, digital solutions, and healthcare IT services across Canada and internationally. This news hub provides investors and stakeholders with timely updates on TELUS's strategic initiatives, financial performance, and technological advancements.
Access official press releases, earnings reports, and analysis of key developments affecting TU's market position. Our curated collection covers network expansions, partnerships, digital innovation milestones, and healthcare IT integrations—all essential for informed decision-making.
Explore updates across TELUS's core operations: wireless service enhancements, broadband infrastructure investments, AI-driven customer experience upgrades, and healthcare technology deployments. Regular additions ensure you stay current on regulatory developments and competitive dynamics in the telecom sector.
Bookmark this page for streamlined access to TELUS's evolving story. Check back frequently to monitor how the company's focus on digital transformation and community impact shapes its trajectory in global markets.
TELUS reported strong Q4 2024 results with consolidated operating revenues increasing 3.5% to $5.4 billion. The company achieved industry-leading customer growth of 328,000 in Q4, including 70,000 mobile phone and 194,000 connected device additions.
TTech segment showed robust performance with Operating Revenues up 4.1% and Adjusted EBITDA growth of 7.0%. The company's health services demonstrated strong momentum with 10% revenue growth and 20% Adjusted EBITDA growth. TELUS Health now covers over 76 million lives, up 9.6% year-over-year.
For 2025, TELUS is targeting TTech Operating Revenues and Adjusted EBITDA growth of 2-4% and 3-5% respectively, with Consolidated Free Cash Flow projected at $2.15 billion. The company plans to reduce capital expenditures to approximately $2.5 billion and aims to achieve a net debt to EBITDA ratio of about 3-times by 2027.
TELUS has announced a quarterly cash dividend of $0.4023 CAD per share on its Common shares. The dividend will be paid on January 2, 2025, to shareholders recorded as of the close of business on December 11, 2024. This declaration was made by the Board of Directors and announced from Vancouver, British Columbia.
TELUS Digital reported Q3 2024 financial results showing mixed performance. Revenue reached $658 million, down 1% year-over-year, while posting a net loss of $32 million. The company's Adjusted EBITDA was $95 million with a 14.4% margin, decreasing from 21% in Q3 2023. Despite challenges, the company maintained strong AI-related sales momentum, winning new contracts including projects with Japanese automotive clients and a Santa Clara-based chip maker. The company expanded business across technology, financial services, e-commerce, fintech, and wellness sectors, while growing existing services with over 80 clients including Google and major social media networks.
TELUS reported strong Q3 2024 results with industry-best total customer growth of 347,000, including 130,000 mobile phone and 159,000 connected device additions. TTech operating revenue increased by 1.9% and Adjusted EBITDA grew by 5.6%. Net income rose 88% to $257 million, while EPS increased 111% to $0.19. The company achieved a postpaid mobile phone churn of 0.90%. TELUS Health saw 4% revenue growth and 50% Adjusted EBITDA growth. The quarterly dividend was increased by 7.0% to $0.4023. Free cash flow grew 58% to $561 million, while capital expenditures decreased 13% to $668 million.
TELUS Global Ventures has announced new equity investments in two healthcare technology companies: Homethrive and Rhino Health. Homethrive combines human expertise with digital solutions to support elderly care management, while Rhino Health focuses on healthcare AI and secure medical data analysis. These investments bring TELUS Global Ventures' portfolio to over 150 companies.
Homethrive aims to make caregiving more manageable by providing care coordination, healthcare navigation, and emotional support services. Rhino Health specializes in federated learning and edge computing technologies to enable secure, decentralized data processing and AI model training across healthcare organizations.
TELUS, a global communications and IT company, released findings from its 2024 Data & Trust survey, revealing growing concerns about data privacy among American consumers. Key findings include:
- 82% believe data privacy matters more now than ever
- 74% worry about how organizations handle their personal data
- 88% consider a company's data handling reputation important for business decisions
- 86% agree trust in a business inspires them to buy or use its products/services
- 52% think about data privacy daily
The survey also highlighted concerns about AI development, with 86% wanting AI to be developed carefully and 81% emphasizing the importance of clarity and transparency. TELUS remains committed to leading in data trust, privacy, and security, having secured various certifications and awards for its practices.
TELUS has acquired 2,593,631 subordinate voting shares of TELUS Digital through market purchases on the Toronto Stock Exchange. This acquisition represents an additional 2.35% interest in TELUS Digital subordinate voting shares since TELUS' prior early warning report on August 16, 2024. TELUS now holds approximately 5.99% of the outstanding subordinate voting shares.
The purchase was made under the normal course purchase exemption. After the acquisition, TELUS holds 152,004,019 multiple voting shares and 6,624,822 subordinate voting shares, representing about 92.5% of outstanding multiple voting shares, 6.0% of outstanding subordinate voting shares, and 87.0% of outstanding voting rights of TELUS Digital.
TELUS CEO Darren Entwistle stated that these purchases reflect their confidence in TELUS Digital's long-term profitable growth strategy and are not part of a privatization plan.
TELUS has joined the U.S. AI Safety Institute Consortium (AISIC), becoming the first Canadian telecom to participate in this initiative aimed at developing safe and trustworthy AI. The consortium, established by the U.S. Department of Commerce's National Institute of Standards and Technology, includes over 280 leading AI stakeholders from various sectors. TELUS's involvement underscores its commitment to responsible AI development and deployment.
TELUS has been a pioneer in AI ethics, recently launching a generative AI customer support tool that became the first in the world to be internationally certified in Privacy by Design (ISO 31700-1). The company also won an Outstanding Organization 2023 prize from the Responsible AI Institute and is the first Canadian telecom to sign the Government of Canada's voluntary code of conduct for generative AI.
TELUS Digital reported its Q2 2024 results, showcasing strong cash flows despite macroeconomic pressures.
Revenue decreased by 2% year-over-year to $652 million due to lower revenues from a leading social media client. Net loss was $3 million with a diluted EPS of $(0.08). However, Adjusted Net Income increased by 5% to $46 million, and Adjusted EBITDA rose by 10% to $130 million.
Full-year 2024 guidance has been revised: revenue between $2,610-$2,665 million, Adjusted EBITDA $465-$485 million, and Adjusted Diluted EPS $0.39-$0.44.
Key executive changes include Jeff Puritt's retirement as CEO, with Jason Macdonnell as Acting CEO, and Tobias Dengel elevated to President of TELUS Digital Solutions.
Notable achievements include growing AI-related business accounting for ~15% of total revenue and new contracts with prominent clients. Cash flows remain strong, supporting debt repayment and reinvestments.
TELUS reported its Q2 2024 results, highlighting a 13% increase in net income to $221 million and a 7.1% rise in EPS to $0.15. The company's consolidated EBITDA rose by 5.5% to $1.7 billion, while adjusted EBITDA saw a 5.6% increase to $1.8 billion. Key drivers included subscriber growth in mobile, internet, and security services, alongside efficiency improvements and cost reductions.
Customer additions reached a record 332,000, with notable contributions from 101,000 mobile phones and 161,000 connected devices. TELUS Health and TELUS Agriculture also showed strong performance, with healthcare lives covered increasing by 10% to 75.1 million and agriculture revenue up by 15%.
Despite a competitive environment, TELUS maintained its guidance for capital expenditures at $2.6 billion but revised its free cash flow forecast to $2.1 billion. The company continues to focus on driving margin-accretive customer growth and operational efficiency.