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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 reported a strong second quarter of 2021, with consolidated revenue growth of 10% year-over-year, reaching $4.1 billion. Adjusted EBITDA increased by 9.5% to $1.5 billion, driven by significant customer net additions of 223,000 and mobile phone net additions of 89,000. The company reaffirmed its annual targets, anticipating continued revenue and EBITDA growth of up to 10% and 8%, respectively. TELUS Health saw a remarkable 26% revenue growth in health services, and the company has expanded its broadband and 5G coverage while maintaining low customer churn rates.
TELUS Corporation announced a full redemption of its outstanding C$1 billion 2.35% Notes on August 17, 2021, due March 28, 2022. The redemption price will follow the applicable indenture. This decision is part of TELUS's ongoing financial strategy, enhancing its capital structure. The company boasts an impressive $16 billion in annual revenue, with 16 million customer connections across various sectors.
For more details on TELUS, visit telus.com.
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TELUS Corporation has received approval from the Toronto Stock Exchange for a new normal course issuer bid (2021 NCIB) to purchase and cancel up to C$250 million of its shares over 12 months starting June 4, 2021. The bid allows the purchase of up to 16 million shares, representing 1.18% of outstanding shares. The company plans to buy shares at market price and may also execute private purchases at discounts. TELUS may implement automatic share purchase plans during internal blackout periods. The board believes these purchases will enhance share value.
The Board of Directors of TELUS has declared a quarterly dividend of $0.3162 Canadian per share on the outstanding Common shares. This dividend is payable on July 2, 2021 to shareholders of record by the close of business on June 10, 2021.
This announcement highlights the company's commitment to returning value to its shareholders.
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.