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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 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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TELUS has announced a $500 million offering of 10-year senior unsecured Series CAD notes, featuring a 2.05% interest rate, priced at $99.793 per $100 principal amount. The effective yield stands at 2.073% per annum, with maturity set for October 7, 2030. The proceeds will support corporate purposes, including broadband investments and repayment of commercial paper. The offering will close around October 5, 2020, and is not available to U.S. residents. Forward-looking statements caution potential risks, emphasizing the uncertainties of market conditions.
TELUS announced a $500 million offering of senior unsecured Series CAD notes with a 10-year maturity, featuring a 2.05% interest rate. The notes, priced at $99.793 per $100 principal amount, will yield 2.073% annually and mature on October 7, 2030. Net proceeds will support general corporate purposes, including broadband network investments and repayment of commercial paper. The offering is expected to close around October 5, 2020. This transaction is not available in the U.S., and the notes have not yet been approved by Canadian securities regulators.
TELUS International has been named to the Constellation ShortList for Customer Experience Operations Services: Global in Q3 2020. This recognition highlights the company's commitment to delivering exceptional customer experiences through innovative digital solutions. TELUS International's team leverages next-gen technologies to drive impactful transformations for top brands globally. The CEO of TELUS International emphasized the honor of making the shortlist, underscoring their focus on empowering human experiences. TELUS reported $15 billion in annual revenue, positioning itself as a leader in customer service and technology.
TELUS has been crowned the fastest network globally, achieving an average 4G LTE download speed of 75.8 Mbps, surpassing South Korea's 5G average of 59 Mbps. By year-end, TELUS will bring its 5G network to 50 communities in Canada, offering speeds up to 1.7 Gbps. TELUS' investments in its network exceed $200 billion since 2000, with an additional $40 billion planned over the next three years. The firm aims to create 250,000 jobs and contribute $40 billion annually to the Canadian economy through its 5G expansion.
TELUS has been recognized as the fastest network globally, achieving an average 4G LTE download speed of 75.8 Mbps, surpassing South Korea’s 5G network at 59 Mbps. The company is set to roll out its 5G network across nearly 50 Canadian communities, with speeds reaching up to 1.7 Gbps by year-end. TELUS plans to invest an additional $40 billion over the next three years to enhance its 5G infrastructure, which could generate 250,000 jobs and contribute $40 billion annually to Canada's economy.
TELUS has been named the fastest network in the world by Opensignal, achieving an average 4G LTE download speed of 75.8 Mbps, surpassing South Korea’s 5G average of 59 Mbps.
By year-end, nearly 50 Canadian communities will access TELUS’ 5G network, boasting speeds up to 1.7 Gbps. TELUS plans to invest an additional $40 billion over three years to enhance its 5G network, projecting the creation of 250,000 jobs and contributing $40 billion to the economy annually.