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 has priced $500 million of 4.95% Sustainability-Linked Notes, Series CAJ, due March 28, 2033. The notes, priced at $99.828 per $100 principal, yield an effective 4.972% annually, subject to a possible interest rate step-up. Proceeds will be used to repay outstanding indebtedness and for general corporate purposes. This issuance marks TELUS' fourth bond under its Sustainability-Linked Bond Framework, which aims to reduce greenhouse gas emissions by 46% from 2019 by 2030. Failure to meet targets can increase the interest rate by 0.75% annually. TELUS will report its performance against these goals annually.
On March 13, TELUS President and CEO Darren Entwistle purchased 150,400 common shares, increasing his total holdings to 556,904 shares. This investment aligns his interests with nearly 1.2 million shareholders and reflects his confidence in TELUS's growth strategy, particularly in telecommunications, TELUS International, TELUS Health, and TELUS Agriculture. TELUS reported strong fourth-quarter results, projecting revenue growth of up to 14% and EBITDA growth of 11% for 2023, alongside a near 60% increase in free cash flow, totaling approximately $2 billion. The company has sustained a dividend growth program for 13 years, yielding $18 billion since 2004.
Accenture (NYSE: ACN) has partnered with TELUS (NYSE: TU) to develop a next-generation entertainment and digital life platform aimed at enhancing TELUS's television business. The new platform enables access to TV and OTT content through any device, incorporating future technologies like 5G and IoT for innovative home and gaming services. Accenture's support includes cloud-native software engineering and expertise in product transformation, positioning TELUS as a software-driven organization while improving customer experiences in content consumption. This collaboration positions TELUS to adapt to evolving customer needs and new revenue opportunities.
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