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 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.
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.