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 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 (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.
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.