In a major move to strengthen its position in the global health and well-being sector, TELUS Corporation (TU) has partnered with GTCR, a prominent private equity firm with deep expertise in healthcare, to support TELUS Health’s acquisition of Workplace Options.This acquisition, valued at approximately C$500 million ($350 million) in cash, excluding about C$100 million ($70 million) in assumed debt, marks a pivotal step in TELUS Health’s journey to become a global leader in digital-first wellness solutions. ...

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Core Insights - TELUS Corporation announced a strategic partnership with GTCR to support the acquisition of Workplace Options for approximately $500 million (US$350 million), net of assumed debt of about $100 million (US$70 million) [1][2] - The acquisition aims to enhance TELUS Health's position in the global wellbeing solutions market, providing services to over 150 million lives across more than 200 countries [1][5] - GTCR will invest US$200 million as part of the acquisition, leveraging its extensive healthcare investment expertise to accelerate TELUS Health's growth [1][4] Company Overview - TELUS Health is focused on becoming the most trusted wellbeing company globally, integrating advanced healthcare technology with employee support services [7] - The company provides a holistic approach to health and wellbeing, including Employee and Family Assistance Programs (EFAPs), mental health resources, and workplace wellness initiatives [7] - TELUS Health's digital health platforms empower healthcare professionals and organizations to deliver personalized care efficiently [7] Strategic Benefits - The partnership with Workplace Options will create a standardized model for delivering robust EFAP and wellbeing services, enhancing customer experience and global reach [5] - The combination of TELUS' infrastructure and Workplace Options' digital capabilities, along with TELUS Digital's AI expertise, provides a competitive advantage in the market [5] - The collaboration is expected to unlock significant growth opportunities and new revenue streams for TELUS Health [2][4]

TELUS Corporation (TU) reported first-quarter 2025 adjusted earnings per share (EPS) of C$0.26, flat year over year.Quarterly total operating revenues increased 3% from a year ago to C$5,057 million owing to strong revenue growth across all the segments.Starting from the first quarter of 2025, TELUS introduced a separate TELUS Health segment, previously part of TTech, which will now be reported alongside TTech (excluding Health) and TELUS Digital.The company’s operating revenues (from contracts with custome ...

Group 1 - TELUS Corporation announced the election of 14 nominees as directors during its annual meeting on May 9, 2025, with significant support from shareholders [1] - The nominee with the highest percentage of votes for was Thomas Flynn, receiving 99.44% of votes, while the nominee with the lowest percentage was Mary Jo Haddad, with 90.28% [1] - The final voting results on all matters will be published on TELUS' website and filed with Canadian and U.S. securities regulators [1] Group 2 - TELUS is a leading communications technology company generating over $20 billion in annual revenue and serving more than 20 million customer connections [2] - The company is focused on enhancing lives through its TELUS Health business, which impacts over 76 million lives globally with preventive medicine and well-being technologies [2] - TELUS has contributed $1.8 billion in cash and in-kind contributions since 2000, earning recognition as the world's most giving company [2]

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 | | ...

Core Insights - TELUS Corporation reported strong customer growth in the first quarter of 2025, adding 218,000 net customers, driven by demand for bundled services and advanced broadband networks [1][3][8] - The company achieved operating revenue growth of 3% to C$5.1 billion and adjusted EBITDA growth of 4%, reflecting the resilience of its business in a dynamic environment [2][4] - TELUS Health segment showed significant growth, with revenue and adjusted EBITDA increasing by 12% and 30% respectively, covering 76.5 million lives [3][9][21] Financial Performance - Consolidated free cash flow increased by 22% to C$488 million, supported by a 13% rise in cash from operations [1][10] - The quarterly dividend was raised by 7% to C$0.4163 per share, reflecting a commitment to shareholder value [1][24] - Operating expenses decreased by 1% to C$4.3 billion, contributing to improved net income of C$301 million, up 115% year-over-year [6][14] Customer Growth and Segments - Total telecom subscriber connections reached 20.3 million, a 6% increase year-over-year, with notable growth in mobile phones and connected devices [8][14] - TELUS Health's revenue growth was driven by strategic investments and product enhancements, alongside a 7% increase in global lives covered [3][21] - The TTech segment saw a 3% increase in adjusted EBITDA, supported by cost reduction efforts and subscriber growth across various services [4][17] Capital Expenditures and Investments - Consolidated capital expenditures decreased by 19% to C$587 million, reflecting a strategic prioritization of projects [11][14] - The company is targeting a net debt to EBITDA ratio of 3 times by 2027, with ongoing efforts to improve its balance sheet [5][10] - TELUS has invested approximately C$587 million in capital expenditures in the first quarter of 2025, contributing to community development [27] Strategic Outlook - TELUS reaffirmed its 2025 financial targets, expecting operating revenue growth of 2-4% and adjusted EBITDA growth of 3-5% [2][5] - The company plans to extend its dividend growth program, targeting 3-8% annual growth from 2026 through 2028 [1][24] - TELUS continues to focus on operational excellence and cost efficiency to drive sustainable growth in a competitive landscape [3][4]

Core Insights - TELUS has submitted its insights to the Hiroshima AI Process (HAIP) Reporting Framework, showcasing its commitment to safe and trustworthy AI development in line with the G7 AI Code of Conduct [1][4] - The HAIP Reporting Framework aims to enhance transparency, accountability, and interoperability in AI risk management across various industries [3] - TELUS is recognized as a leader in responsible AI, being the first Canadian organization to commit to the Reporting Framework and the first globally to achieve international certification in Privacy by Design [5] Company Initiatives - TELUS is participating in the B7 discussions in May 2025, advocating for responsible AI adoption that emphasizes fairness, safety, and transparency [2] - The company has implemented comprehensive AI risk management practices and educational programs to enhance AI and data literacy among its team members [4] - TELUS has partnered with NVIDIA to establish Sovereign AI Factories, which will provide Canadian businesses with advanced technology while ensuring data sovereignty [6] Industry Impact - The HAIP framework was initiated by G7 countries to promote responsible AI development, with TELUS contributing its expertise to this global effort [4] - TELUS' AI Factory in Rimouski, Quebec, is designed to be sustainable, utilizing 99% renewable energy and being three times more energy efficient for excess power usage [6] - TELUS' commitment to responsible AI practices is recognized in a Business at OECD report, highlighting the role of AI skills in boosting productivity and business growth [5]

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 ...

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 ...