Core Insights - TELUS participated in the United Nations AI for Good Global Summit 2025, showcasing its commitment to responsible AI development and ethical technology innovation [1][2][5] - The company is a member of the International Telecommunication Union (ITU)-led AI Skills Coalition, aiming to close the AI skills gap globally [2][4] - TELUS emphasizes a human-centric approach to AI, focusing on building trust through transparent data practices and collaboration with Indigenous Peoples [3][4][6] Company Initiatives - TELUS hosted a workshop titled "Crafting ethical AI with Indigenous intelligence," demonstrating its collaboration with Indigenous Peoples to create meaningful AI practices [3][4] - The company has developed a generative AI customer support tool, Fuel iX, and achieved ISO 31700-1 Privacy by Design certification, highlighting its leadership in responsible AI development [5][6] - TELUS is launching Sovereign AI Factories in Canada, utilizing sustainable practices and renewable energy to drive innovation while keeping data within the country [6] Industry Engagement - The AI for Good Summit featured multiple high-profile sessions where TELUS shared insights on responsible AI practices and governance [2][4] - The company’s recent 2025 AI Report included perspectives from over 5,500 respondents, focusing on the integration of Indigenous knowledge into AI development [4] - TELUS is recognized for its commitment to social impact and community partnerships, aligning with global standards for ethical AI practices [3][6]

Core Points - TELUS Corporation announced the pricing terms of its separate offers to purchase outstanding notes for cash, with a maximum purchase amount defined in the Offer to Purchase dated June 20, 2025 [1][2] - The Offers are subject to specific terms and conditions outlined in the Offer to Purchase [2] - The total consideration for the notes accepted for purchase will be paid on the expected settlement date of July 3, 2025, along with accrued coupon payments [6] Offer Details - The aggregate principal amounts of the notes accepted for purchase include C$800 million for 3.95% Senior Notes due February 2050, C$500 million for 4.10% Senior Notes due April 2051, and C$500 million for 4.40% Senior Notes due January 2046, among others [3][4] - The reference yield for the 3.95% Senior Notes is 3.579% plus a fixed spread of 145 basis points, resulting in a total consideration of C$848.56 per C$1,000 principal amount [3][4] - The financing condition for the Offers has been satisfied due to the closing of a previously announced offering of junior subordinated notes totaling US$1.5 billion [5] Settlement and Cancellation - Holders of the accepted notes will lose all rights as holders of the tendered notes, and interest will cease to accrue on the settlement date [6][7] - Any notes purchased in the Offer will be retired and canceled, while unaccepted notes will be returned to the tendering holders without cost [7] Dealer Managers - TELUS has engaged several financial institutions, including RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., and CIBC World Markets Inc., to act as lead dealer managers for the Offers [8]

Core Points - TELUS Corporation announced the results of its cash offers to purchase outstanding notes, with a total of US$318,255,000 validly tendered before the expiration date [4][8] - The offers expired on June 27, 2025, with a settlement date set for July 3, 2025 [3][11] - The maximum purchase amount for the offers was US$750,000,000, which was sufficient to include all validly tendered notes [8] Offer Details - The offers included two series of notes: 4.600% Notes due November 16, 2048, and 4.300% Notes due June 15, 2049 [5] - The total consideration for the 4.600% Notes was US$834.11 per US$1,000 principal amount, while for the 4.300% Notes it was US$788.18 [6][5] - The company accepted all validly tendered notes, with US$189,405,000 of the 4.600% Notes and US$128,850,000 of the 4.300% Notes accepted [8][5] Financing Condition - The financing condition for the offers was satisfied due to the closing of a previously announced offering of junior subordinated notes totaling US$1.5 billion [9]

Core Viewpoint - TELUS Corporation has announced the results of its cash tender offers for certain series of its outstanding notes, increasing the maximum purchase amount to accommodate all tendered 3.95% Senior Notes, Series CAB and 4.10% Senior Notes, Series CAE in full, along with a portion of the 4.40% Senior Notes, Series CU [1][6] Summary by Sections Offers - The offers were made under the terms set forth in the Offer to Purchase dated June 20, 2025 [2] Tender Results - A total of C$3,108,424,000 in principal amount of the notes was validly tendered before the expiration date of June 27, 2025 [3] Notes Information - The following series of notes were included in the offers: - 3.95% Senior Notes, Series CAB due February 2050: C$800 million outstanding, C$691.7 million tendered - 4.10% Senior Notes, Series CAE due April 2051: C$500 million outstanding, C$421.9 million tendered - 4.40% Senior Notes, Series CU due January 2046: C$500 million outstanding, C$436.5 million tendered, C$261.9 million accepted on a pro rata basis [4][6] Total Consideration - The total consideration for each series of notes will be based on the applicable fixed spread plus the yield based on the bid-side price of the applicable Canadian reference security [5] Acceptance Amounts - The company expects to accept C$691.7 million of the 3.95% Senior Notes, C$421.9 million of the 4.10% Senior Notes, and C$261.9 million of the 4.40% Senior Notes, with no acceptance for several other series [6] Financing Condition - The financing condition for the offers has been satisfied due to the closing of a previously announced offering of junior subordinated notes totaling US$1.5 billion [7] Pricing and Settlement - Pricing for the notes is expected to occur on June 30, 2025, with the settlement date anticipated to be July 3, 2025 [8][9] Dealer Managers - The company has retained several financial institutions as lead dealer managers for the offers [10] Termination of Offers - If any offer is terminated, the company will promptly notify the tender agent, and all tendered notes will be returned to the holders [11] Company Overview - TELUS is a leading communications technology company with over C$20 billion in annual revenue and more than 20 million customer connections [15]

Core Viewpoint - TELUS Corporation announced pricing terms for its cash offers to purchase outstanding notes, with a maximum purchase amount of US$750 million [1][12]. Group 1: Offer Details - The offers are subject to conditions outlined in the Offer to Purchase dated June 20, 2025, and include a notice of guaranteed delivery [2]. - The total consideration for each series of notes is calculated based on fixed spreads and U.S. Treasury yields as of June 27, 2025 [3][6]. - The offers will expire at 5:00 p.m. (Eastern time) on June 27, 2025, unless extended [7]. Group 2: Acceptance and Conditions - Notes will be accepted for purchase based on their acceptance priority level, with the highest priority level being 1 [4][12]. - The company reserves the right to waive conditions and may terminate or alter the offers if conditions are not met [12]. - The financing condition requires the company to raise sufficient net proceeds to purchase all validly tendered notes [12]. Group 3: Settlement and Payments - Settlement for validly tendered notes will occur four business days after the expiration date, expected to be July 3, 2025 [9][10]. - Holders of accepted notes will receive total consideration plus accrued interest up to the settlement date [11]. Group 4: Company Overview - TELUS is a leading communications technology company with over C$20 billion in annual revenue and more than 20 million customer connections [20]. - The company is committed to leveraging technology for positive human outcomes and has contributed C$1.8 billion in community support since 2000 [20].

Core Viewpoint - TELUS has successfully closed an offering of US$1.5 billion in Fixed-to-Fixed Rate Junior Subordinated Notes to fund its tender offers and other corporate purposes [1][2] Group 1: Offering Details - The offering consists of two series of Notes, with a total principal amount of US$1.5 billion [1] - The underwriters for the offering include J.P Morgan Securities LLC, RBC Capital Markets, LLC, and Wells Fargo Securities, LLC [1] Group 2: Use of Proceeds - The net proceeds from the offering will primarily be used to fund TELUS' previously announced tender offers [2] - If any tender offer is not completed, the remaining proceeds will be allocated for debt repayment and other general corporate purposes [2] Group 3: Company Overview - TELUS operates in over 45 countries and generates more than C$20 billion in annual revenue, serving over 20 million customer connections [7] - The company is focused on leveraging technology for positive human outcomes and is recognized for its commitment to client service excellence and social capitalism [7] - TELUS Health impacts over 150 million lives globally through innovative health technologies, while TELUS Agriculture & Consumer Goods enhances connections between producers and consumers using digital technologies [7]

Core Viewpoint - TELUS has announced the pricing of a US$1.5 billion offering of Fixed-to-Fixed Rate Junior Subordinated Notes, which will be used to fund tender offers and repay debt [1][4]. Group 1: Offering Details - The offering consists of two series of notes: Series A for US$700 million with an initial interest rate of 6.625%, and Series B for US$800 million with an initial interest rate of 7.000% [2]. - Series A notes will reset every five years starting October 15, 2030, while Series B notes will reset every five years starting October 15, 2035 [2]. - The interest rates for both series will not reset below their initial rates during any five-year period [2]. Group 2: Underwriters and Closing - The offering is being managed by a syndicate of underwriters led by J.P. Morgan Securities LLC, RBC Capital Markets, LLC, and Wells Fargo Securities, LLC [3]. - The closing of the offering is expected around June 27, 2025, pending customary closing conditions [3]. Group 3: Use of Proceeds - The net proceeds from the offering will primarily fund TELUS' previously announced tender offers [4]. - If any tender offer is not completed, the remaining proceeds will be used for debt repayment and other general corporate purposes [4]. Group 4: Credit Rating - Credit rating agencies have assigned 50% equity credit to the notes [5]. Group 5: Company Overview - TELUS operates in over 45 countries, generating more than C$20 billion in annual revenue and serving over 20 million customer connections [11]. - The company focuses on leveraging technology for positive human outcomes and has a strong commitment to community contributions, having donated C$1.8 billion since 2000 [11].

Core Insights - TELUS partners with TransUnion to implement Branded Call Display (BCD), enhancing customer engagement and protecting against call spoofing and fraud [1][2] - A TransUnion survey indicates that 70% of Canadian consumers are likely to answer calls from businesses displaying verified names and logos, while 61% have missed legitimate calls due to fraud concerns [6] Company Collaboration - The partnership aims to provide TELUS customers with rich call content, including business name, logo, and reason for the call, improving the customer experience [1][2] - This collaboration builds on previous successful initiatives, including the first international calls authenticated by STIR/SHAKEN protocols [2] Market Need - The solution addresses a critical need in the Canadian market, where consumers are increasingly concerned about fraud and unwanted calls [2] - Canadians prefer phone calls for critical communications, with 62% for personal matters, 55% for urgent circumstances, and 52% for high-value decisions [6]

Core Points - TELUS Corporation announced the commencement of cash offers to purchase up to C$600,000,000 of its outstanding senior notes across eight series [1][2] - The offers are subject to certain conditions, including a Financing Condition, which must be satisfied or waived for the offers to proceed [1][13] - The total consideration for each series of notes will be based on a fixed spread plus the yield of applicable Canadian reference securities [6][9] Offer Details - The offers will expire at 5:00 p.m. (Eastern time) on June 27, 2025, unless extended or terminated earlier by the company [7] - Settlement for accepted notes is expected to occur three business days after the expiration date, anticipated to be July 3, 2025 [8] - Holders of notes accepted for purchase will receive the total consideration plus accrued and unpaid interest [10] Notes Information - The company has listed eight series of senior notes with varying principal amounts, interest rates, and maturity dates [4] - The maximum purchase amount may be increased, decreased, or waived at the company's discretion [1][12] - The offers may be subject to proration based on the total amount of notes tendered [3] Conditions and Management - The offers are contingent upon the company raising sufficient net proceeds through debt issuances to cover the purchase of the notes and associated costs [13] - RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc., and TD Securities Inc. are acting as lead dealer managers for the offers [14]

Core Viewpoint - TELUS Corporation has initiated cash offers to purchase up to US$750,000,000 of its outstanding notes, with specific conditions and acceptance priority levels outlined for the series of notes being offered [1][10]. Group 1: Offer Details - The offers are subject to the terms and conditions set forth in the Offer to Purchase dated June 20, 2025, and include a notice of guaranteed delivery [2]. - The total consideration for each series of notes will be based on a fixed spread plus the yield of the applicable U.S. Treasury reference security, determined on the Price Determination Date [4][8]. - The offers will expire at 5:00 p.m. (Eastern time) on June 27, 2025, unless extended or terminated earlier [5]. Group 2: Notes Information - The company is offering to purchase two series of notes: 4.600% Notes due November 16, 2048, with an outstanding amount of US$750 million, and 4.300% Notes due June 15, 2049, with an outstanding amount of US$500 million [3]. - The acceptance priority levels for the notes are set, with the 4.600% Notes having the highest priority [3][10]. Group 3: Conditions and Procedures - The offers are conditioned on the satisfaction of the Maximum Purchase Condition and the Financing Condition, which requires the company to raise sufficient net proceeds to fund the purchases [10]. - Holders of notes can withdraw their tenders at any time before the expiration date, and those who deliver a Notice of Guaranteed Delivery will have an extended deadline for tendering [6][9]. - Settlement for validly tendered notes is expected to occur four business days after the expiration date, or two business days after the Guaranteed Delivery Date [7]. Group 4: Company Overview - TELUS Corporation operates as a leading communications technology company, generating over C$20 billion in annual revenue and serving more than 20 million customer connections globally [23]. - The company is committed to leveraging technology for positive human outcomes and has a strong focus on client service excellence and social responsibility [23][24].