Welcome to our dedicated page for Telus news (Ticker: TU), a resource for investors and traders seeking the latest updates and insights on Telus stock.
TELUS Corporation (TU) delivers cutting-edge telecommunications, digital solutions, and healthcare IT services across Canada and internationally. This news hub provides investors and stakeholders with timely updates on TELUS's strategic initiatives, financial performance, and technological advancements.
Access official press releases, earnings reports, and analysis of key developments affecting TU's market position. Our curated collection covers network expansions, partnerships, digital innovation milestones, and healthcare IT integrations—all essential for informed decision-making.
Explore updates across TELUS's core operations: wireless service enhancements, broadband infrastructure investments, AI-driven customer experience upgrades, and healthcare technology deployments. Regular additions ensure you stay current on regulatory developments and competitive dynamics in the telecom sector.
Bookmark this page for streamlined access to TELUS's evolving story. Check back frequently to monitor how the company's focus on digital transformation and community impact shapes its trajectory in global markets.
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.
The Board of Directors of TELUS has announced a quarterly dividend of $0.3511 Canadian per share on its outstanding common shares. This dividend is payable on April 3, 2023, to shareholders on record as of the close of business on March 10, 2023. The announcement reflects the company's ongoing commitment to returning value to its shareholders while maintaining a robust financial position.
TELUS International (NYSE and TSX: TIXT) reported Q4 2022 revenue of $630 million, a 5% year-over-year increase, with full-year revenue at $2,468 million, up 12%. Q4 net income declined to $34 million from $36 million in the prior year, while adjusted diluted EPS rose 25% to $0.35. The Adjusted EBITDA for Q4 was $157 million, a 10% increase. Despite macroeconomic challenges affecting new projects, TELUS International expects continued double-digit growth in 2023. The Net Debt to Adjusted EBITDA Leverage Ratio improved to 1.1x at year-end, indicating strong cash flow management.
TELUS Corporation reported a strong fourth quarter of 2022, adding 301,000 net customers, a record high, driven by robust demand for its Mobility and Fixed Broadband services. The company achieved a 3.8% increase in consolidated operating revenues to $5.1 billion. Significant growth was noted in Adjusted EBITDA, up 11% year-over-year, totaling $1.7 billion. TELUS also targets 11-14% growth in operating revenue and 9.5-11% in Adjusted EBITDA for 2023. Free cash flow is projected to be approximately $2 billion, supported by a capital expenditure reduction. However, net income fell 60% to $265 million, primarily due to decreased other income and higher financing costs.
TELUS Corporation (NYSE: TU) has completed its acquisition of WillowTree, now a TELUS International Company, enhancing its digital product offerings. This strategic move adds front-end design capabilities, diversifying the client base with over 50 new marquee brands. With over 70,000 team members globally, TELUS International supports more than 650 clients across various sectors. The acquisition aims to enhance customer experiences and accelerate digital transformation initiatives. Financially, WillowTree reported approximately $140 million in revenue in 2021, supporting TELUS's rapid deleveraging goals.
