Telus Stock Price, News & Analysis

TELUS (TU) has announced an $800 million re-opening of two junior subordinated note series with 30-year maturities. The Series CAR notes, priced at $102.625 per $100 principal, offer a 6.25% interest rate with a re-opening yield of 5.612% until July 2030, while Series CAS notes, priced at $104.500 per $100 principal, provide a 6.75% interest rate with a re-opening yield of 6.127% until July 2035. Both series mature on July 21, 2055, with interest rates resetting every five years but maintaining minimum rates of 6.25% and 6.75% respectively. The proceeds will be used to reduce outstanding debt, including commercial paper, and for general corporate purposes. Credit rating agencies have assigned 50% equity credit to these notes.

TELUS Digital (NYSE/TSX: TIXT) has received an unsolicited non-binding proposal from TELUS Corporation (TSX: T, NYSE: TU) to acquire all remaining shares not already owned by TELUS Corporation at US$3.40 per share. The proposal includes both multiple voting shares and subordinate voting shares. The deal is subject to several conditions including due diligence, acquisition agreement negotiation, key shareholder support, and TELUS Corporation board approval. The transaction must comply with Canadian and U.S. securities laws, requiring formal valuation and shareholder approval. TELUS Digital's board will form an independent special committee to evaluate the proposal. The company emphasizes that no decisions have been made, and shareholders don't need to take action at this time.

TELUS Corporation has submitted a non-binding indication of interest to acquire all remaining shares of TELUS Digital not already owned by the company for US$3.40 per share. The offer represents a 15% premium to TELUS Digital's NYSE closing price on June 11, 2025, and a 23% premium over its 30-day volume weighted average trading price. TELUS currently owns 57.4% of all outstanding shares and 86.9% of voting power. The proposed acquisition aims to enhance AI capabilities and SaaS transformation across TELUS' business segments, including telecommunications, health, and agriculture. The transaction would be structured to maintain TELUS' balance sheet leverage ratio. The deal requires approval from TELUS Digital's board, shareholders, and court, with no guarantee of completion. Barclays serves as financial advisor, while Stikeman Elliott LLP and A&O Shearman act as legal advisors.

TELUS Health has announced the acquisition of Workplace Options for approximately $500 million, with GTCR investing US$200 million as part of the deal. Workplace Options is a leading global provider of employee wellbeing solutions operating across 200 countries. The acquisition establishes a global network of over 180,000 providers and positions TELUS Health to support more than 150 million lives. The merger combines TELUS Health's digital-first innovation with Workplace Options' Employee and Family Assistance Program (EFAP) capabilities. GTCR, bringing over 40 years of healthcare investment expertise, will serve as a strategic partner to accelerate TELUS Health's global growth. The deal aims to standardize EFAP and wellbeing services delivery while leveraging TELUS' AI expertise and infrastructure to create a comprehensive suite of health solutions globally.

TELUS Corporation (NYSE: TU) has announced the election results of its board of directors at its annual meeting held on May 9, 2025. All 14 management nominees were successfully elected to the board with strong shareholder support. Martha Hall Findlay received the highest approval rate at 99.53%, while Mary Jo Haddad received the lowest at 90.28% of votes in favor.

Notable directors elected include Darren Entwistle with 97.87% approval, Victor Dodig with 99.18%, and Thomas Flynn with 99.44% of votes in favor. The complete voting results will be published on telus.com/agm and filed with Canadian and U.S. securities regulators.

TELUS Corporation (TU) has announced its latest quarterly dividend declaration. The Board of Directors has declared a quarterly dividend of C$0.4163 per share on the company's common shares. The dividend will be payable on July 2, 2025, to shareholders who are recorded in the company's books at the close of business on June 10, 2025.

TELUS Digital (NYSE/TSX: TIXT) reported Q1 2025 results with revenue of $670 million, up 2% year-over-year. The company posted a net loss of $25 million ($0.09 per share) compared to net income of $28 million in Q1 2024. Key metrics include: Financial Highlights: - Adjusted EBITDA: $90M (down from $153M in Q1 2024) - Adjusted Net Income: $17M (down from $65M) - Free Cash Flow: $41M (down from $107M) - Team member count: 78,424 (up 5% YoY) Management reiterated its 2025 outlook, projecting approximately 2% organic revenue growth, Adjusted EBITDA of $400M, and Adjusted Diluted EPS of $0.32. Growth was primarily driven by AI & Data Solutions and Digital Solutions, with increased business from existing clients including TELUS and a leading social media client.

TELUS (TU) reported strong Q1 2025 results with industry-leading customer growth of 218,000, up 9,000 YoY. The company achieved consolidated revenue growth of 3% to $5.1 billion and net income of $301 million, up 115% YoY. TTech segment, including TELUS Health, saw revenue and Adjusted EBITDA growth of 3% and 4% respectively. TELUS Health revenue grew 12% with global lives covered increasing 7% to 76.5 million. Free cash flow increased 22% and cash from operations rose 13%. The company announced a 7% dividend increase to $0.4163 and extended its dividend growth program targeting 3-8% annual growth for 2026-2028. TELUS reaffirmed its 2025 targets, including TTech revenue growth of 2-4%, Adjusted EBITDA growth of 3-5%, and free cash flow of approximately $2.15 billion.

TELUS becomes the first Canadian company to join the Hiroshima AI Process (HAIP) Reporting Framework, aligning with the G7 AI Code of Conduct. As one of 20 global companies participating in the OECD Pilot, TELUS is contributing to worldwide efforts in developing trustworthy AI systems.

Key developments include:

• Partnership with NVIDIA to launch Sovereign AI Factories in Canada
• Implementation of comprehensive AI risk management practices
• First company globally to receive Privacy by Design certification (ISO 31700-1)
• Development of sustainable AI operations in Rimouski, Quebec, using 99% renewable energy

The company's Chief Data & Trust Officer, Pam Snively, emphasizes TELUS's commitment to responsible AI adoption that prioritizes fairness, safety, and transparency. TELUS will participate in upcoming B7 discussions, contributing to G7 meetings later this year, furthering its role in shaping ethical AI practices globally.