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 (NYSE:TIXT) will announce its Q2 2022 results on August 5, 2022, before market opening. A conference call will follow at 10:30 a.m. (ET), where management will discuss the results and address questions from analysts. The call will be available via live webcast, with a replay accessible later on the company’s Investor Relations website. TELUS International specializes in digital solutions and customer experience for global brands, including sectors like tech, healthcare, and eCommerce.
TELUS International has announced a US$1.5 million investment in Ballina, County Mayo, enhancing its AI data solutions capabilities. This state-of-the-art facility aims to support the company’s global AI initiatives, employing over 200 team members. The investment follows the 2021 acquisition of Lionbridge AI. TELUS International continues to be a leading employer in Ireland, enhancing its local operations.
YBVR has received additional funding from TELUS Ventures to enhance the rollout of its Sports Metaverse services in Canada. This investment, building on previous support from Verizon and Telefonica, aims to advance YBVR's immersive live sports streaming technology, leveraging 5G/MEC capabilities for low latency experiences. YBVR's technology is designed for high-quality, interactive sports streaming, enhancing fan engagement while creating monetization opportunities for event organizers. The company is also preparing for a Series A raise to further capitalize on the growing market.
TELUS Corporation announced the acquisition of 3,000,000 multiple voting shares of TELUS International from Baring Private Equity Asia for US$66 million, priced at US$22.00 per share. This purchase represents approximately 1.5% of the total multiple voting shares of TELUS International, increasing TELUS's ownership to about 56.17% of its outstanding shares. CEO Darren Entwistle expressed confidence in TELUS International’s growth prospects. The acquisition aligns with TELUS's strategic investment strategy, emphasizing continued support for its international team.
DigiCert and Eonti have been selected as critical suppliers to secure the Next Generation 9-1-1 (NG9-1-1) service on the TELUS network in Western Canada. This partnership aims to enhance the security and reliability of emergency services by implementing a Public Key Infrastructure (PKI). The PKI will enable secure communication and unique identifiers for emergency workers, further supporting the efficient response to incidents. TELUS expects the adoption of this technology to begin in Q3 2022, ensuring a robust system for handling emergencies across Canada.
TELUS International survey highlights a trend where 50% of enterprises now rely on a single customer experience (CX) provider, with 51% utilizing this model in the past year. The survey conducted by Ryan Strategic Advisory revealed a significant shift in consolidating CX partners, up from 27% five years ago. Additionally, 40% of executives would switch providers if comprehensive digital services are unavailable. This trend reflects a demand for more complex, end-to-end solutions due to evolving market needs and digital adoption accelerated by the pandemic.
TELUS Corporation has announced its acquisition of LifeWorks for $33.00 per share, totaling approximately $2.3 billion. The deal aims to enhance employee healthcare services by combining TELUS Health's digital health technologies with LifeWorks' employee assistance programs. This acquisition is expected to add significant scale, with combined annual revenues around $1.6 billion, while also creating synergies worth over $170 million in the coming years. The transaction is pending regulatory approvals and expects to close by Q4 2022.
TELUS Corporation has received TSX approval for a new normal course issuer bid (2022 NCIB) to buy back up to C$250 million in shares over 12 months starting June 6, 2022. The bid allows for purchasing up to 10 million shares, representing 0.72% of outstanding shares as of May 30, 2022. The maximum daily purchase on the TSX is set at 715,299 shares. The previous NCIB concluded on June 3, 2022, with no shares repurchased. TELUS aims to enhance shareholder value through this program, although outcomes may vary due to inherent risks and uncertainties.
TELUS International (TIXT), a digital customer experience innovator, held its annual general meeting on May 20, 2022. All eleven director nominees, including Darren Entwistle as Chair, were successfully elected with over 99% of the votes. Deloitte LLP was appointed as the Company’s auditors with unanimous support. This meeting reinforces TELUS International's governance and commitment to growth as it continues to provide next-generation digital solutions across various high-growth sectors.
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