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, along with TELUS International, successfully completed an upsized IPO of 42.55 million subordinate voting shares priced at US$25.00 each, generating gross proceeds of US$1.06 billion (CAD$1.36 billion). The net proceeds for TELUS International are expected to be approximately US$490 million (CAD$627 million) and will primarily be utilized to repay outstanding revolving credit facility borrowings. TELUS holds 67% of voting power in TELUS International post-IPO, with trading for the shares commencing on February 3, 2021.
On February 3, 2021, TELUS Corporation (NYSE: TU) announced the pricing of its subsidiary, TELUS International's initial public offering (IPO) of 37 million subordinate voting shares at US$25.00 each, aiming for gross proceeds of US$925 million. If underwriters exercise their over-allotment option, proceeds could reach US$1.06 billion. The net proceeds of approximately US$490 million will be used to repay credit facility borrowings. Trading begins on February 3, and the offering closes February 5, 2021, pending standard conditions.
TELUS Corporation (NYSE: TU) reports preliminary and unaudited estimates for TELUS International for Q4 and full-year 2020. Estimated revenues from customer contracts for Q4 range from $430 million to $445 million, down from $445 million in Q4 2019. Full-year revenues are estimated between $1,569 million and $1,584 million compared to $1,584 million in 2019. Net income for Q4 is projected at $13 million versus $20 million in 2019, and full-year net income estimates range from $95 million to $102 million, down from $102 million in 2019. These results are subject to final adjustments.
TELUS International, a subsidiary of TELUS Corporation (TU), has launched a roadshow for its initial public offering (IPO) of 33.33 million subordinate voting shares, priced between US$23 and US$25 per share. The offering includes shares from TELUS and Baring Private Equity Asia. Post-IPO, TELUS is expected to retain approximately 66.6% voting power. The IPO is subject to market conditions and requires a prospectus to be effective. Key underwriters include J.P. Morgan and Morgan Stanley.
TELUS Corporation (NYSE: TU) announced that its subsidiary, TELUS International, has filed a registration statement for an initial public offering (IPO) of subordinate voting shares. The IPO, expected to be filed on January 11, 2021, will consist of shares from TELUS International and a secondary offering from TELUS and Baring Private Equity Asia. The exact number of shares and pricing is yet to be determined. The IPO's success is contingent on market conditions, and no sales can occur until the registration becomes effective.
TELUS has been recognized by the Wall Street Journal as the only telecommunications company worldwide in its Top 100 Most Sustainably Managed Companies ranking, achieving 29th overall and 15th in Social Capital. In response to the COVID-19 pandemic, TELUS contributed $150 million to relief efforts and launched programs aiding vulnerable communities. TELUS has also committed to achieving operational net carbon neutrality by 2030 and has a strong record of philanthropy, contributing $1.3 billion since 2000.
TELUS has launched the TELUS Pollinator Fund for Good, a $100 million initiative aimed at investing in startups focused on societal benefits in health, agriculture, environmental sustainability, and social inclusion. The fund seeks to support entrepreneurs who tackle pressing challenges and promote social innovation in Canada. With an advisory board to guide investments, the fund emphasizes engagement with early-stage companies and partnerships with organizations like Windmill Microlending and Tidal Vision. TELUS aims to combine profit with purpose, enhancing social and economic outcomes.
The Board of Directors has declared a quarterly dividend of $0.3112 Canadian per share for holders of Common shares. The dividend is payable on January 4, 2021, to shareholders on record as of December 11, 2020. This decision reflects the company's commitment to return value to its shareholders.
TELUS Corporation reported strong operational and financial results for Q3 2020, achieving a record high of 277,000 net customer additions, driven by best-in-class service and network performance. Total revenue increased by 7.7% to $4.0 billion, while EBITDA saw a slight decline of 0.6%. The company’s wireless segment added 198,000 new connections, including 111,000 high-quality mobile phone subscribers. TELUS also reinstated its dividend growth program with a 7% increase, reflecting confidence in future cash flow and profitability. However, net income dropped 27% year-over-year due to pandemic impacts.
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