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TELUS(TU) - 2025 Q1 - Quarterly Report
2025-05-09 11:08
Exhibit 99.1 TELUS CORPORATION CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) MARCH 31, 2025 condensed interim consolidated statements of income and other comprehensive income (unaudited) 2 | March 31, 2025 condensed interim consolidated statements of financial position (unaudited) | | | | March 31, | | December 31, | | --- | --- | --- | --- | --- | --- | | As at (millions) | Note | | 2025 | | 2024 | | ASSETS | | | | | | | Current assets | | | | | | | Cash and temporary investments, net | | ...
TELUS reports operational and financial results for first quarter 2025
Prnewswire· 2025-05-09 10:45
Industry-leading total Mobile and Fixed customer growth of 218,000, up 9,000 over last year, and our strongest first quarter on record; growth driven by strong demand for our superior bundled services over our advanced and highly valued broadband networksTTech, including new TELUS Health reportable segment, Operating Revenue and Adjusted EBITDA growth of 3 and 4 per cent, respectively, reflecting the economic resiliency of our business within a dynamic operating environment; Consolidated free cash flow up 2 ...
Advancing trustworthy AI globally: TELUS is the first Canadian company to embrace newly-launched Hiroshima AI Process (HAIP) Reporting Framework
Prnewswire· 2025-04-30 12:00
TELUS contributed insights from its award-winning, human-centric AI program in support of accountability and trust-building worldwide Contributions of early reporting framework respondents are critical to ongoing global discussions, including the G7 Leaders' Summit and the OECD's Global Partnership on Artificial Intelligence Plenary later this yearTORONTO, April 30, 2025 /PRNewswire/ - TELUS today announces its submission to the Hiroshima AI Process (HAIP) Reporting Framework, sharing its proven approaches ...
TELUS Corporation: Outpacing Peers With Smarter Growth And Financial Discipline
Seeking Alpha· 2025-04-22 11:58
Eric is a lead portfolio manager l at RBC Insurance, specializing in real assets. He holds a Master's degree in Financial Economics from the University of Western Ontario and is a CFA charterholder. With a strong interest in real assets, financials, and insurance, Eric brings a deep understanding of the Canadian investment universe.Analyst’s Disclosure: I/we have a beneficial long position in the shares of T:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and i ...
TELUS to Set Up Sovereign AI Factories in Kamloops & Rimouski
ZACKS· 2025-04-16 14:25
Marking a major leap in Canada's artificial intelligence (AI) infrastructure TELUS Corporation (TU) has announced its intention to launch the first Sovereign AI Factories in Rimouski, Quebec, and Kamloops, British Columbia. These facilities are poised to position the two communities at the heart of Canada's next generation of secure and sustainable artificial inteliigence (AI) innovation. In alignment with the Pan-Canadian AI Strategy, the initiative aims to strengthen Canada’s digital economy by offering s ...
TELUS ANNOUNCES INAUGURAL JUNIOR SUBORDINATED NOTE OFFERING
Prnewswire· 2025-04-16 03:22
Core Viewpoint - TELUS has priced $1.6 billion of fixed-to-fixed rate junior subordinated notes in two series, with a maturity of 30.25 years, expected to close around April 21, 2025 [1] Group 1: Notes Details - The 6.25% fixed-to-fixed rate junior subordinated notes, Series CAR, priced at $99.965 per $100 principal amount, with an initial effective yield of 6.25% per annum until July 21, 2030, maturing on July 21, 2055 [2] - The 6.75% fixed-to-fixed rate junior subordinated notes, Series CAS, priced at $99.959 per $100 principal amount, with an initial effective yield of 6.75% per annum until July 21, 2035, maturing on July 21, 2055 [3] Group 2: Use of Proceeds - The net proceeds from the offering will be used for repayment of outstanding indebtedness, including commercial paper, reduction of cash amounts under the receivables trust, repayment of TELUS Corporation credit facility amounts, and other general corporate purposes [4] Group 3: Credit Ratings - Credit rating agencies have assigned 50% equity credit to the notes issued by TELUS [5] Group 4: Company Overview - TELUS is a leading communications technology company generating over $20 billion in annual revenue with more than 20 million customer connections [10]
TELUS Enhances Wellness With GameRx Launch: Will TU Stock Benefit?
ZACKS· 2025-04-14 12:40
TELUS Corporation (TU) recently unveiled a new initiative - GameRx- a science-backed wellness resource that uses the power of interactive games to help Canadians enhance their mental, emotional and physical well-being. The company, known for its connectivity and digital innovation, is investing in the positive impact of gaming on mental health and lifestyle. GameRx is projected to change perception and remove the stigma around video gaming.TU’s key strength area is its robust infrastructure. With PureFibre ...
TELUS International (Cda) Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before March 31, 2025 to Discuss Your Rights - TIXT
Prnewswire· 2025-03-27 09:45
Shareholders who purchased shares of TIXT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. NEW YORK, March 27, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of TELUS International (Cda) Inc. (NYSE: TIXT). NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of TIXT during the timeframe listed above, you ...
TELUS exploring dedicated infrastructure entity and strategic investment to supercharge its next-gen wireless networks
Prnewswire· 2025-03-26 21:46
Core Insights - TELUS is exploring the potential sale of a minority stake in its wireless tower portfolio to strengthen its balance sheet and enhance network operations efficiency [1][2] - The proceeds from this initiative will be used to pay down debt, supporting TELUS' goal of achieving a leverage target ratio of 3 times net debt to EBITDA by 2027 [2] - TELUS is committed to sustainable growth and is considering multiple monetization opportunities as part of its de-leveraging strategy [2] Company Overview - TELUS is a leading communications technology company with over $20 billion in annual revenue and more than 20 million customer connections [3] - The company focuses on leveraging technology for positive human outcomes and is recognized for its client service excellence and social contributions [3] - TELUS has contributed $1.8 billion in various forms since 2000, earning the title of the world's most giving company [3]
Faruqi & Faruqi Reminds TELUS International Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 31, 2025 – TIXT
GlobeNewswire News Room· 2025-03-26 20:20
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against TELUS International due to allegations of misleading statements and declining financial performance, particularly related to the company's shift towards AI solutions [3][5]. Financial Performance - TELUS International reported a $29 million decline in revenue year-over-year for Q1 2024, with a significant drop in share price of 18.15% on May 9, 2024 [6]. - For Q2 2024, the company experienced a $5 million quarter-over-quarter and $15 million year-over-year revenue decrease, alongside a 15% quarter-over-quarter adjusted EBITDA decrease [7]. - The adjusted EBITDA margin fell from 23.3% to 19.9%, prompting a reduction in full-year fiscal guidance [7]. Legal Allegations - The complaint against TELUS International alleges that the company and its executives violated federal securities laws by making false or misleading statements regarding the impact of AI Data Solutions on profitability and margins [5]. - Specific claims include that the shift towards AI required cannibalization of higher-margin offerings and that the declining profitability was tied to this strategic shift [5]. Management Changes - Jeff Puritt, the then-President and CEO, announced his retirement effective September 3, 2024, amid the company's transition towards a more technology-centric and AI-focused business model [7]. Investor Actions - Investors who suffered losses exceeding $50,000 between February 16, 2023, and August 1, 2024, are encouraged to contact Faruqi & Faruqi to discuss their legal rights [1][3].