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 announced the opening of a new digital customer experience delivery center in North Charleston, enhancing its capacity to support global brands. The facility will create approximately 1,200 jobs by 2022, in addition to hiring 600 team members by the end of 2021. The site covers 80,000 square feet and features modern amenities for employees. TELUS International also donated $10,000 to support local educators. The company aims to continue its growth and positive momentum with double-digit organic growth reported in the second quarter.
The Board of Directors has announced a quarterly dividend of $0.3162 Canadian per share for common shares. This dividend is payable on October 1, 2021, to shareholders on record as of the close of business on September 10, 2021. This move reflects the company’s commitment to returning value to its shareholders.
TELUS Corporation reported a strong second quarter of 2021, with consolidated revenue growth of 10% year-over-year, reaching $4.1 billion. Adjusted EBITDA increased by 9.5% to $1.5 billion, driven by significant customer net additions of 223,000 and mobile phone net additions of 89,000. The company reaffirmed its annual targets, anticipating continued revenue and EBITDA growth of up to 10% and 8%, respectively. TELUS Health saw a remarkable 26% revenue growth in health services, and the company has expanded its broadband and 5G coverage while maintaining low customer churn rates.
TELUS Corporation announced a full redemption of its outstanding C$1 billion 2.35% Notes on August 17, 2021, due March 28, 2022. The redemption price will follow the applicable indenture. This decision is part of TELUS's ongoing financial strategy, enhancing its capital structure. The company boasts an impressive $16 billion in annual revenue, with 16 million customer connections across various sectors.
For more details on TELUS, visit telus.com.
TELUS Corporation has received approval from the Toronto Stock Exchange for a new normal course issuer bid (2021 NCIB) to purchase and cancel up to C$250 million of its shares over 12 months starting June 4, 2021. The bid allows the purchase of up to 16 million shares, representing 1.18% of outstanding shares. The company plans to buy shares at market price and may also execute private purchases at discounts. TELUS may implement automatic share purchase plans during internal blackout periods. The board believes these purchases will enhance share value.
The Board of Directors of TELUS has declared a quarterly dividend of $0.3162 Canadian per share on the outstanding Common shares. This dividend is payable on July 2, 2021 to shareholders of record by the close of business on June 10, 2021.
This announcement highlights the company's commitment to returning value to its shareholders.
FAQ
What is the current stock price of Telus Corporation (TU)?
What is the market cap of Telus Corporation (TU)?
What services does Telus Corporation provide?
How is Telus performing financially?
What are some recent achievements of Telus?
What partnerships has Telus entered into recently?
What is Telus's dividend growth program?
What is Stream+ by Telus?
How many customer connections does Telus have?
What is Telus International?
What makes Telus a leading telecom company in Canada?
How does Telus contribute to social change?
