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 has announced a definitive agreement to acquire WillowTree for an enterprise value of US$1.225 billion, which includes US$210 million in assumed debt. The acquisition is expected to close in January 2023 and is anticipated to enhance TELUS International's digital consulting capabilities while adding over 50 new marquee brands to its client base. This strategic move aims to diversify geographic presence and bolster technological innovation across key sectors, including health and agriculture, while integrating WillowTree's talented workforce.
TELUS has partnered with YBVR and MEDIAPRO Canada to launch a free TELUS Sports app, allowing Canadian soccer fans to experience the Canadian Premier League (CPL) matches with immersive features. Fans can choose from up to eight camera angles for an enhanced viewing experience. This initiative aims to boost the digital content offering of the CPL and is available for the remaining matches of the season. As soccer's popularity continues to grow in Canada, this partnership showcases technological innovation in sports broadcasting.
TELUS International, recognized as a 'Leader' by Everest Group in the 2022 PEAK Matrix for Customer Experience Management in the Americas, has demonstrated its innovative capabilities and adaptability amid growing competition. The firm was also named a 'Star Performer' in the EMEA region, highlighting its strong market presence and effective service delivery. According to Everest Group, TELUS International excels in digital solutions, agent engagement, and meeting client expectations, showcasing a robust strategy to maintain its leadership in digital customer experiences.
TELUS has announced the pricing of $2.0 billion in senior unsecured notes across three series, with maturities of 7, 10, and 30 years. The notes are issued under a Sustainability-Linked Bond Framework aiming for a 46% reduction in Scope 1 and 2 greenhouse gas emissions by 2030. The Series CAG Notes, with a yield of 5.293%, may see interest increase if sustainability targets are not met. The offering will close on or about September 13, 2022, and the proceeds will be used for debt repayment and general corporate purposes.
TELUS International has appointed Beth Howen as its new Chief Transformation Officer, effective immediately. With over 25 years of experience, Howen will enhance the company's digital transformation and customer experience solutions for over 600 clients. Her previous role was as Global Head of Digital Transformation at Atos. The leadership change aims to capitalize on the increasing demand for digital transformation in various sectors including tech, eCommerce, and healthcare. The CEO expressed confidence in Howen's ability to drive growth and innovation.
TELUS Corporation has received the Ontario Superior Court's approval for its acquisition of LifeWorks, confirmed on August 4, 2022. The Competition Bureau of Canada issued a no action letter, clearing the deal, which is also now approved under the Hart-Scott-Rodino Antitrust Improvements Act. Both companies anticipate closing the acquisition in Q4 2022, pending additional regulatory approvals in the UK and Australia. This acquisition aims to combine TELUS Health and LifeWorks' capabilities, enhancing healthcare services for over 50 million individuals worldwide.
The Board of Directors of Telus has declared a quarterly dividend of $0.3386 Canadian per share on common shares. This dividend is payable on October 3, 2022, to shareholders recorded by the close of business on September 9, 2022. This announcement reinforces the company's commitment to returning value to its shareholders.
TELUS International (TIXT) reported Q2 2022 revenue of $624 million, a 17% increase year-over-year, with net income at $56 million, up from $16 million. Diluted EPS improved to $0.21 from $0.06. Adjusted EBITDA rose 15% to $150 million. The company anticipates continued double-digit growth, projecting revenue between $2,550 million and $2,600 million for 2022. TELUS International expanded its team by 23% to 69,218 employees and improved its leverage ratio to 1.5x.
TELUS Corporation reported strong second-quarter results for 2022, with consolidated revenues up 7.1% to $4.4 billion, driven by significant customer growth across mobile and fixed services. The company added 247,000 net new customer connections, supported by a robust 0.81% mobile churn rate. Adjusted EBITDA rose by 8.9%, and net income surged 45% to $498 million. TELUS Health's acquisition of LifeWorks was approved, enhancing its digital healthcare offerings. A quarterly dividend of $0.3386 per share was declared, marking a 7.1% increase year-over-year.
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