Welcome to our dedicated page for Telus Corporation news (Ticker: TU), a resource for investors and traders seeking the latest updates and insights on Telus Corporation stock.
Telus Corporation (TSX: T, NYSE: TU) is Canada’s fastest-growing national telecommunications company, boasting an impressive $12.3 billion in annual revenue and over 13.9 million customer connections. These include 8.4 million wireless subscribers, 3.1 million wireline network access lines, 1.5 million high-speed internet subscribers, and 954,000 Telus TV customers. The company provides a diverse array of communication services and products, from wireless and data to Internet Protocol (IP), voice, television, entertainment, and video services. Notably, Telus is also Canada’s largest healthcare IT provider, a testament to its broad industry impact.
With an economic stake of 55% in Telus International, Telus has expanded its horizon beyond telecom into health, security, and agriculture sectors. Its international endeavors contribute to more than 20% of its sales, driven by recent acquisitions and an aggressive growth strategy.
Recent Achievements: On November 3, 2023, Telus announced its third-quarter results showcasing robust performance, especially in its core telecom business. The strong financial position was further bolstered by cost efficiency initiatives that aim to drive EBITDA expansion and cash flow growth. This strong performance supports their leading dividend growth program, which has been extended through to 2025.
Current Projects: Telus continues to innovate by offering enticing service bundles. Recently, Telus introduced Stream+, a new service package that includes Prime Video, Amazon Prime membership, and more, aiming to provide customers with a comprehensive entertainment experience.
Financial Condition: Telus achieved record customer growth in Q4 2023, driven by strong demand for its mobility and fixed services. Their capital expenditures and free cash flow have also shown a positive trajectory, reflecting a robust balance sheet.
Partnerships: The company recently entered a partnership with Vevo to expand their advertising reach in Canada, offering advertisers access to Vevo’s extensive music video content across major streaming platforms like YouTube, Apple TV, and Roku.
Significance: Telus's industry-leading customer service and strong financial strategies make it a noteworthy player in the global telecommunications landscape. Their focus on leveraging technology to drive social change and improve human outcomes sets them apart as a forward-thinking, socially responsible corporation.
For more information, please visit telus.com.
TELUS International (NYSE:TIXT) has been named a Platinum Preferred Partner of Automation Anywhere, facilitating the delivery of automated solutions via Google Cloud. This collaboration focuses on the end-to-end development of robotic process automation (RPA) solutions, enhancing efficiency and accuracy for businesses. The partnership aims to support organizations in their digital transformation journeys, providing RPA-as-a-Service globally. TELUS International’s track record in leveraging intelligent automation is positioned to drive large-scale transformation projects.
TELUS International (NYSE: TIXT) has been recognized as a “Leader” by IDC in its 2021-2022 Worldwide Digital Customer Care Services MarketScape. The report highlights TELUS's strong performance in AI, cloud transformation, and omnichannel solutions. IDC noted TELUS's capacity to exceed industry standards in cloud contact centers and its multilingual capabilities. CEO Jeff Puritt emphasized the company’s commitment to innovation and customer experience.
Full Harvest, a B2B marketplace for surplus and imperfect produce, raised $23 million in Series B funding led by TELUS Ventures. The investment aims to enhance their online marketplace, improve data analytics, and expand their technology team in 2022. Having sold over 50 million pounds of surplus produce, Full Harvest significantly reduces food waste, saving over 1 billion gallons of water and 6 million kg of CO2 emissions. The company's goal is to connect growers with processors and buyers, promoting sustainability in the food industry and addressing the $2.6T global food waste issue.
TELUS Corporation (NYSE: TU) has announced the sale of its financial solutions business to Dye & Durham as of December 6, 2021. The proceeds will fund strategic growth investments, including expanding the PureFibre and 5G networks, and will also be used for debt retirement. TELUS will provide transition services for 24 months post-sale. The company expects no significant impact on its 2021 financial targets, although it will incur an estimated tax payment of $65 million from this transaction.
TELUS International (NYSE: TIXT) has announced that its CFO, Vanessa Kanu, received the 2021 CFO of the Year Award from the Ottawa Board of Trade and Ottawa Business Journal. This accolade recognizes leaders who excel in financial management and community commitment. Kanu played a crucial role during TELUS International's IPO, marking the largest tech IPO in the Toronto Stock Exchange history. CEO Jeff Puritt praised her leadership and strategic mindset that contributed to the company’s growth and profitability.
Harris Williams announced the sale of Blacksmith Applications, a portfolio company of Strattam Capital, to TELUS Corporation. Blacksmith provides SaaS-based revenue management software for consumer goods manufacturers, enabling them to optimize trade spend. The deal highlights Harris Williams' M&A expertise and strong performance in 2021. Blacksmith's client base includes major firms like Tyson and Nestle, underscoring its market significance. Strattam Capital focuses on B2B software technology investments, supporting growth in North America.
The Board of Directors of Telus has announced a quarterly dividend of $0.3274 CAD per share on common shares. This dividend is set to be payable on January 4, 2022, to shareholders who are on record by the close of business on December 10, 2021. This declaration reflects the company's ongoing commitment to returning value to its shareholders.
TELUS Corporation reported a record-breaking growth of 320,000 total customers in Q3 2021, an increase of 43,000 compared to last year. The company achieved 135,000 net mobile phone additions, up 24,000 year-over-year, with a churn rate below 1%. Revenue reached $4.3 billion, marking a 6.8% growth, while EBITDA increased 7.1% to $1.6 billion. The net income of $358 million indicates an 11.5% rise. A quarterly dividend of $0.3274 per share was declared, reflecting a 5.2% year-over-year increase.
TELUS International (TIXT, TU) reported a 30% revenue increase year-over-year, totaling $556 million, driven by organic growth and acquisitions. Adjusted EBITDA rose by 23% to $137 million, reflecting efficiency gains. Despite net income declining to $23 million from $28 million, adjusted diluted EPS improved by 13% to $0.26. The company successfully completed an oversubscribed secondary offering and reaffirmed its 2021 growth outlook, anticipating a revenue range of $2.17 to $2.21 billion.
QuintessenceLabs, a leader in quantum cybersecurity, has raised A$25 million in a Series B funding round led by Main Sequence and TELUS Ventures. This funding aims to enhance their quantum-safe crypto solutions amidst increasing quantum computing threats. The investment underscores the importance of robust cybersecurity measures in a digital landscape. QuintessenceLabs is recognized for its advanced capabilities and has been awarded titles like the World Economic Forum Global Innovator. The company is set to play a pivotal role in mainstream quantum cybersecurity solutions.
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