TELUS exploring dedicated infrastructure entity and strategic investment to supercharge its next-gen wireless networks
TELUS (TU) is exploring the potential sale of a minority stake in its wireless tower portfolio as part of its balance sheet strengthening initiatives. The company has been working with advisors to evaluate this monetization opportunity, with 100% of potential proceeds earmarked for debt reduction.
CEO Darren Entwistle indicated that the tower infrastructure monetization, if executed within desired economic parameters, would enhance network operations efficiency. CFO Doug French highlighted that this initiative would provide financial flexibility and accelerate the company's de-leveraging goals, including achieving a 3.0x net debt to EBITDA ratio by 2027. The company also plans to phase out its discounted dividend reinvestment program during this period.
This tower monetization represents one of several opportunities being considered in TELUS' de-leveraging strategy, though no final decisions have been made yet.
TELUS (TU) sta esplorando la potenziale vendita di una partecipazione di minoranza nel suo portafoglio di torri wireless come parte delle iniziative per rafforzare il proprio bilancio. L'azienda ha collaborato con consulenti per valutare questa opportunità di monetizzazione, con il 100% dei proventi potenziali destinati alla riduzione del debito.
Il CEO Darren Entwistle ha indicato che la monetizzazione delle infrastrutture delle torri, se eseguita entro i parametri economici desiderati, migliorerebbe l'efficienza delle operazioni di rete. Il CFO Doug French ha sottolineato che questa iniziativa fornirebbe flessibilità finanziaria e accelererebbe gli obiettivi di riduzione del debito dell'azienda, incluso il raggiungimento di un 3.0x rapporto debito netto su EBITDA entro il 2027. L'azienda prevede anche di eliminare il suo programma di reinvestimento dei dividendi scontati durante questo periodo.
Questa monetizzazione delle torri rappresenta una delle diverse opportunità considerate nella strategia di riduzione del debito di TELUS, anche se non sono state ancora prese decisioni finali.
TELUS (TU) está explorando la posible venta de una participación minoritaria en su cartera de torres inalámbricas como parte de sus iniciativas para fortalecer su balance. La empresa ha estado trabajando con asesores para evaluar esta oportunidad de monetización, con el 100% de los posibles ingresos destinados a la reducción de deuda.
El CEO Darren Entwistle indicó que la monetización de la infraestructura de torres, si se ejecuta dentro de los parámetros económicos deseados, mejoraría la eficiencia de las operaciones de la red. El CFO Doug French destacó que esta iniciativa proporcionaría flexibilidad financiera y aceleraría los objetivos de desapalancamiento de la empresa, incluyendo alcanzar un 3.0x relación entre deuda neta y EBITDA para 2027. La empresa también planea eliminar su programa de reinversión de dividendos con descuento durante este período.
Esta monetización de torres representa una de varias oportunidades que se están considerando en la estrategia de desapalancamiento de TELUS, aunque aún no se han tomado decisiones finales.
TELUS (TU)는 재무 상태 강화를 위한 일환으로 무선 타워 포트폴리오의 소수 지분 매각 가능성을 탐색하고 있습니다. 회사는 이 수익화 기회를 평가하기 위해 자문가들과 협력하고 있으며, 잠재적 수익의 100%는 부채 감소에 earmarked 되어 있습니다.
CEO Darren Entwistle는 타워 인프라 수익화가 원하는 경제적 기준 내에서 실행될 경우 네트워크 운영 효율성을 향상시킬 것이라고 밝혔습니다. CFO Doug French는 이 이니셔티브가 재무 유연성을 제공하고 회사의 디레버리징 목표를 가속화할 것이라고 강조했으며, 이는 2027년까지 3.0x 순 부채 대비 EBITDA 비율 달성을 포함합니다. 회사는 또한 이 기간 동안 할인된 배당금 재투자 프로그램을 단계적으로 종료할 계획입니다.
이 타워 수익화는 TELUS의 디레버리징 전략에서 고려되고 있는 여러 기회 중 하나를 나타내며, 아직 최종 결정은 내려지지 않았습니다.
TELUS (TU) explore la vente potentielle d'une participation minoritaire dans son portefeuille de tours sans fil dans le cadre de ses initiatives de renforcement de son bilan. L'entreprise travaille avec des conseillers pour évaluer cette opportunité de monétisation, avec 100 % des produits potentiels destinés à la réduction de la dette.
Le PDG Darren Entwistle a indiqué que la monétisation de l'infrastructure des tours, si elle est réalisée dans les paramètres économiques souhaités, améliorerait l'efficacité des opérations réseau. Le directeur financier Doug French a souligné que cette initiative offrirait une flexibilité financière et accélérerait les objectifs de désendettement de l'entreprise, y compris l'atteinte d'un ratio de 3,0x de dette nette par rapport à l'EBITDA d'ici 2027. L'entreprise prévoit également de supprimer son programme de réinvestissement des dividendes à prix réduit pendant cette période.
Cette monétisation des tours représente l'une des plusieurs opportunités envisagées dans la stratégie de désendettement de TELUS, bien qu'aucune décision finale n'ait encore été prise.
TELUS (TU) untersucht den möglichen Verkauf einer Minderheitsbeteiligung an seinem Portfolio von Mobilfunkmasten im Rahmen seiner Initiativen zur Stärkung der Bilanz. Das Unternehmen arbeitet mit Beratern zusammen, um diese Monetarisierungsmöglichkeit zu bewerten, wobei 100 % der potenziellen Erlöse zur Schuldenreduzierung vorgesehen sind.
CEO Darren Entwistle wies darauf hin, dass die Monetarisierung der Turminfrastruktur, wenn sie innerhalb der gewünschten wirtschaftlichen Parameter durchgeführt wird, die Effizienz der Netzwerkoperationen verbessern würde. CFO Doug French betonte, dass diese Initiative finanzielle Flexibilität bieten und die Ziele des Unternehmens zur Schuldenreduzierung beschleunigen würde, einschließlich des Erreichens eines 3,0-fachen Verhältnisses von Nettoverschuldung zu EBITDA bis 2027. Das Unternehmen plant auch, sein Programm zur Wiederanlage von Dividenden mit Rabatt während dieses Zeitraums schrittweise abzubauen.
Diese Monetarisierung von Türmen stellt eine von mehreren Möglichkeiten dar, die in der Strategie zur Schuldenreduzierung von TELUS in Betracht gezogen werden, obwohl noch keine endgültigen Entscheidungen getroffen wurden.
- Potential monetization of tower assets to strengthen balance sheet
- Clear debt reduction strategy with 100% of proceeds allocated to debt paydown
- Defined target of 3.0x net debt to EBITDA ratio by 2027
- Multiple monetization opportunities being evaluated for de-leveraging
- Current elevated debt levels requiring significant de-leveraging efforts
- Planned discontinuation of discounted dividend reinvestment program
- Potential loss of full control over strategic tower assets
Insights
TELUS's exploration of selling a minority stake in its wireless tower portfolio represents a strategic balance sheet optimization with significant potential upside. The company's commitment to use
This tower monetization initiative directly supports TELUS's newly disclosed de-leveraging roadmap targeting a net debt to EBITDA ratio of 3.0x by 2027. While current leverage isn't specified, this target suggests a meaningful reduction that would strengthen TELUS's financial position in today's higher interest rate environment.
Particularly noteworthy is the planned termination of the discounted dividend reinvestment program (DRIP) over the same period. This signals management's confidence in future cash flow generation and represents a shareholder-friendly move by eliminating the dilutive effects of the DRIP.
Infrastructure monetization has become a proven value-creation strategy in telecommunications, allowing companies to unlock capital from passive assets while maintaining operational control. The CFO's mention of "many monetization opportunities" suggests this tower initiative may be just the beginning of a comprehensive asset optimization strategy.
This proactive financial approach should enhance TELUS's strategic flexibility while maintaining its ability to invest in network development and customer solutions, potentially creating meaningful long-term value for all stakeholders.
"We have engaged with advisors to explore the monetization of our tower infrastructure. If we are able to do this within the parameters of our desired economics, it would enhance the efficiency and effectiveness of our network operations," said Darren Entwistle, TELUS President and CEO. "This initiative reflects TELUS' broader commitment to long-term sustainable growth, as the company looks to strengthen its balance sheet as
"This initiative would provide TELUS the financial flexibility to pay down debt and, importantly, accelerate progress on our recently announced path to de-leveraging, including achieving a leverage target ratio of 3 times net debt to EBITDA by 2027, while concurrently turning off our discounted dividend reinvestment program over the same period," said Doug French, Executive Vice-President and Chief Financial Officer. "This represents a distinct opportunity to create significant value for our stakeholders, including our customers, investors, communities and Canadians coast-to-coast-coast. Importantly, this represents only one of many monetization opportunities we are actively considering as part of our de-leveraging playbook which will support continued leading operational and financial performance, and our ability to deliver innovative and superior solutions to our customers."
While no final decisions have been reached, these considerations underscore TELUS' commitment to prudent strategic planning and sustainable growth. The company remains committed to maintaining transparent communications and keeping its stakeholders informed as it evaluates these opportunities.
About TELUS
TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company, generating over
Investor Relations
Robert Mitchell
ir@telus.com
Media Relations
Steve Beisswanger
steve.beisswanger@telus.com
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SOURCE TELUS Communications Inc.
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