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TELUS Corporation has announced a partial early redemption of its 2.75% Notes, Series CZ due July 8, 2026. On May 8, 2026, the company plans to redeem C$500 million aggregate principal amount of these notes, out of C$800 million currently outstanding.
The notes will be selected for redemption on a pro rata basis, and the redemption price will be calculated under the terms of the applicable indenture. TELUS will fund this partial redemption using proceeds from its Fixed-to-Fixed Rate Junior Subordinated Notes offerings completed in December 2025.
TELUS Corporation is updating its dividend reinvestment and share purchase plan. Effective April 1, 2026, shares issued from treasury for dividend reinvestment will be provided at a 1.75 per cent discount to the average market price. These terms apply to the dividend payable on April 1, 2026 for shareholders of record on March 11, 2026.
Shares purchased through optional cash payments under the plan will be issued from treasury at 100 per cent of the average market price. Existing participants will automatically receive the new discount, while eligible registered shareholders in Canada and the United States must enroll with Computershare by March 11, 2026 to participate for this dividend.
TELUS Corporation announced a planned CEO transition following over 26 years of leadership by President and Chief Executive Officer Darren Entwistle, who will retire on June 30, 2026. The Board has appointed Victor Dodig, currently an independent director, as President and CEO effective July 1, 2026, and CEO Designate immediately.
Dodig will join the TELUS leadership team full time on May 1, 2026 to support a seamless handover. Entwistle will step down from the Board on June 30, 2026, receive the title CEO Emeritus, and remain an advisor available to Dodig until April 30, 2027. The company highlights TELUS’ evolution into a global communications technology business operating in more than 45 countries and generating over $20 billion in annual revenue with more than 21 million customer connections.
TELUS CORPORATION filed a 6-K as a foreign private issuer to furnish Canadian corporate documents. The filing confirms that TELUS CORPORATION and TELUS INTERNATIONAL (CDA) INC. were amalgamated into one company under the name TELUS CORPORATION effective January 1, 2026 at 12:30 Pacific Time.
The accompanying Notice of Articles lists the board of directors, including Darren Entwistle and other named directors, and sets out the authorized share structure: 4,000,000,000 common shares without par value, 1,000,000,000 first preferred shares without par value, and 1,000,000,000 second preferred shares without par value, each class with special rights or restrictions attached.
TELUS Corporation announced a major leadership transition. Long‑time President and CEO Darren Entwistle will retire on June 30, 2026 after more than 26 years leading the company’s transformation from a regional telecom into a global communications technology provider generating over $20 billion in annual revenue.
The Board has appointed Victor Dodig, former President and CEO of CIBC and a TELUS independent director since May 2022, as President and CEO effective July 1, 2026. He becomes CEO Designate immediately and will join the leadership team full time on May 1, 2026 to support a smooth handover.
Entwistle will step down from the Board on June 30, 2026, be granted the title CEO Emeritus, and remain available as an advisor to Dodig until April 30, 2027, underscoring an orderly, planned succession process overseen by the TELUS Board.
TELUS Corporation is preparing for its 2026 annual general meeting of security holders. The meeting will be held on May 08, 2026, with the record date for notice, voting, and beneficial ownership determination set as March 09, 2026.
The company will use notice-and-access for both registered and beneficial holders, and will not send proxy materials directly to non-objecting beneficial owners. TELUS will pay for delivery of meeting materials to objecting beneficial owners.
TELUS Corporation declared a quarterly cash dividend of $0.4184 Canadian per share on its issued and outstanding common shares.
The dividend will be paid on April 1, 2026 to shareholders who are on record as of the close of business on March 11, 2026.
TELUS Corporation reported fourth quarter 2025 revenue of $5.3 billion, slightly below last year, as 1% growth in service revenue was offset by weaker mobile equipment sales and other income. Quarterly net income was $290 million and basic EPS was $0.19, down 9% and 21%, with adjusted EPS of $0.20.
For full year 2025, TELUS highlighted basic EPS growth of 9%, a 12% increase in net income attributable to common shares, and record consolidated free cash flow of $2.2 billion, up 11%, supported by $4.9 billion of cash from operations and TTech EBITDA growth of 4% with margin expansion.
The company ended 2025 with a net debt to adjusted EBITDA ratio of 3.4-times and is targeting 3.3-times or lower by year-end 2026 and approximately 3.0-times by year-end 2027. For 2026, TELUS guides to consolidated service revenue and adjusted EBITDA growth of 2–4%, free cash flow of about $2.45 billion (around 10% growth), and capital expenditures of about $2.3 billion, a 10% decrease.
The Board declared a quarterly dividend of $0.4184 per share payable on April 1, 2026. TELUS also announced that long-serving CEO Darren Entwistle will retire on June 30, 2026, with Victor Dodig appointed President and CEO effective July 1, 2026.
TELUS Corporation filed an annual Form 40-F covering governance, controls and audit matters. As of December 31, 2025, it had 1,548,656,383 Common Shares outstanding. Management, including the CEO and CFO, concluded that disclosure controls and procedures are effective at a reasonable level of assurance.
The company reports no changes in internal control over financial reporting during 2025 that materially affected, or are reasonably likely to materially affect, these controls, and it provides both management’s and the independent auditor’s reports on internal control in the exhibits. TELUS states it has no off-balance sheet arrangements that are material to investors.
All Audit Committee members are independent, and three members are designated as audit committee financial experts. Deloitte LLP billed $18.392 million in 2025 (audit, audit-related, tax and other fees) versus $14.823 million in 2024, with all non-prohibited services pre‑approved through a formal review process. TELUS also highlights its published Code of Ethics and summarizes how its NYSE governance practices differ from U.S. domestic rules.