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Telus Corporation - TU STOCK NEWS

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.

News

Stream+ from TELUS is bringing Canadians the ultimate streaming bundle with Netflix, Disney+ and Prime Video for an unbeatable price

Rhea-AI Summary
TELUS introduces Stream+ bundle, offering Netflix, Disney+, and Prime Video in one package exclusively to TELUS customers at affordable plans starting at $20 per month, providing monthly cost savings of 17%. The bundle includes two options: Stream+ Basic and Stream+ Premium, catering to different content streamers. Customers can easily add the new Stream+ bundle with eligible TELUS services directly on their My TELUS website or app and enjoy the benefits of watching from multiple devices simultaneously.
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TELUS CEO Darren Entwistle demonstrates strong confidence in Company’s future with significant share purchases

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TELUS President and CEO Darren Entwistle has purchased 395,843 common shares for approximately $10 million, bringing his total holdings to 800,000+ shares. This demonstrates his confidence in the company's strategy and strong operating momentum. TELUS released its Q3 results, showcasing strong performance in its core telecom business and record customer growth. The company's financial position was further strengthened by cost efficiency efforts, leading to EBITDA expansion and accelerated cash flow growth. TELUS' dividend growth program has been extended through 2025, reflecting confidence in its growth strategy.
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TELUS Corporation Notice of Cash Dividend

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Telus Corporation announces a quarterly dividend of $0.3761 Canadian per share on its Common shares, payable on January 2, 2024, to shareholders of record on December 11, 2023.
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TELUS International reports third quarter 2023 results, demonstrating steady revenue growth, improved profitability versus prior quarter, and reaffirms full-year outlook for 2023

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TELUS International, a digital customer experience innovator, reported steady year-over-year revenue growth and improved profitability in Q3 2023. The company onboarded new clients and expanded service volumes with existing clients, including Google. TELUS International was recognized by global research firms for its strong capabilities and market offerings. The company's ongoing cost efficiency efforts and actions to resolve supply-demand imbalances contributed to margin improvement. However, net income and diluted EPS declined compared to the same period last year.
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TELUS reports operational and financial results for third quarter 2023

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TELUS Corporation reported total telecom customer growth of 406,000 in the third quarter of 2023, up 17% YoY. The company achieved consolidated operating revenue and adjusted EBITDA growth of 7.2% and 5.5% respectively. However, net income decreased by 75% due to higher restructuring costs and depreciation. The quarterly dividend was increased by 7.1% to $0.3761, representing a dividend yield of approximately 6.5%. TELUS also confirmed its 2023 consolidated financial targets.
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MCE and Mobile Klinik introduce the redesigned Mobile Klinik Device Checkup app

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MCE Systems Ltd. has announced several improvements to the Mobile Klinik Device Checkup app, which provides expert repairs and certified pre-owned phones. The app includes a health check tool, repair advice, and tests to determine a device's value. The updated version offers personalized offers, improved health check process, and custom repair pricing. This is part of a long-term strategy to create a seamless experience for consumers. In 2024, more features will be announced.
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TELUS Pollinator Fund invests in three new clean tech startups: Climate Robotics, erthos and Plentify

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TELUS invests in clean tech startups to strengthen climate resilience and promote sustainability. The investments include US$20 million in Climate Robotics for carbon sequestration, US$6.5 million in erthos for plant-based alternatives to plastic, and US$4 million in Plentify for cleaner energy solutions. These investments support the transition to zero-emission solutions, address the plastic crisis, and improve energy grids.
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TELUS announces three-tranche note offering

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TELUS has priced $1.75 billion of senior unsecured notes in three series, supporting its commitment to environmental sustainability. The notes are offered through a syndicate of agents and will be used for debt repayment and general corporate purposes. The 5.75% Sustainability-Linked Notes, Series CAK, will mature on September 8, 2033. TELUS has committed to reducing greenhouse gas emissions by 46% from 2019 levels by 2030. Failure to achieve this target may result in an interest rate increase on the Series CAK Notes. The offering aligns with the International Capital Market Association's Sustainability-Linked Bond Principles, 2020.
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TELUS Corporation Notice of Cash Dividend

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Telus Corporation (TSE: T) has announced a quarterly dividend of $0.3636 Canadian per share on the issued and outstanding Common shares. The dividend will be payable on October 2, 2023, to shareholders of record at the close of business on September 8, 2023.
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TELUS International reports second quarter 2023 results within previously updated range, and reaffirms revised full-year outlook for 2023

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TELUS International reports Q2 2023 results: Revenue of $667 million, up 7% YoY. Net loss of $7 million, compared to net income of $56 million in the same quarter last year. Diluted EPS of $(0.03), compared to $0.21 in the same quarter last year. Adjusted EBITDA of $120 million, 20% lower YoY. Adjusted Diluted EPS of $0.17, 43% lower YoY.
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FAQ

What is the current stock price of Telus Corporation (TU)?

The current stock price of Telus Corporation (TU) is $13.86 as of December 20, 2024.

What is the market cap of Telus Corporation (TU)?

The market cap of Telus Corporation (TU) is approximately 20.6B.

What services does Telus Corporation provide?

Telus offers a wide range of communication services, including wireless, data, Internet Protocol (IP), voice, television, entertainment, and video services.

How is Telus performing financially?

Telus has shown strong financial performance, with robust revenue growth and significant cost efficiency initiatives driving EBITDA expansion and cash flow growth.

What are some recent achievements of Telus?

Telus recently reported strong third-quarter results for 2023, highlighting continued customer growth and financial stability.

What partnerships has Telus entered into recently?

Telus recently partnered with Vevo to expand their advertising reach in Canada, offering access to Vevo’s extensive music video content across various platforms.

What is Telus's dividend growth program?

Telus has a leading dividend growth program that has been extended through to 2025, reflecting their strong financial position and growth strategy.

What is Stream+ by Telus?

Stream+ is a new service package offered by Telus that includes Prime Video, Amazon Prime membership, and more, aimed at providing a comprehensive entertainment experience.

How many customer connections does Telus have?

Telus has over 13.9 million customer connections, including 8.4 million wireless subscribers and 1.5 million high-speed internet subscribers.

What is Telus International?

Telus International is a part of Telus Corporation that focuses on international business services, health, security, and agriculture industries. Telus holds a 55% economic stake in this segment.

What makes Telus a leading telecom company in Canada?

Telus's strong customer growth, excellent financial performance, and industry-leading customer service make it a top player in Canada’s telecom sector.

How does Telus contribute to social change?

Telus leverages its technology to drive social change and improve human outcomes, particularly through its healthcare IT services and community-focused initiatives.

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Telus Corporation

NYSE:TU

TU Rankings

#525 Ranked by Market Cap
#125 Ranked by Dividends

TU Stock Data

20.60B
1.50B
0.02%
55.23%
2.29%
Telecom Services
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