"TELUS is continually evolving its network to deliver the best possible experiences for its customers,†said Tim Fell, Vice-President, Wireline Technology & Services, TELUS. "This partnership with Capgemini builds on our strong foundation in network automation, enabling us to unlock new capabilities and take the next step forward on the path to autonomous network operations.†An autonomous network evolves from manual, rules-based operations to intent-based and closed-loop systems. These intelligent networ ...

TELUS amends dividend reinvestment program [Accessibility Statement] Skip NavigationImplementing a step down to 1.75% discount and share issuance from TreasuryVANCOUVER, BC, Feb. 25, 2026 /PRNewswire/ - TELUS Corporation ("TELUS" or the "Company") announced today that effective April 1, 2026, and as previously communicated, TELUS will step down its discount on shares issued from treasury to 1.75 per cent from the average market price for shares acquired through the reinvestment of dividends. These changes w ...

TELUS Digital Research Reveals a Hidden Risk in AI Model Behavior [Accessibility Statement] Skip NavigationStudy shows the use of persona prompting can cause shifts in LLMs' moral judgements, leading to unexpected and inconsistent responsesFor enterprises, this means careful model selection, rigorous testing and ongoing evaluation are essential to ensure consistent, reliable AI behavior in productionVANCOUVER, BC, Feb. 25, 2026 /PRNewswire/ - A new study published by [TELUS Digital], [The Robustn] [es] [s P ...

TELUS Digital showcases AI transformation in telecom: Unlocking value with innovative use cases at Mobile World Congress 2026 [Accessibility Statement] Skip NavigationHow 2 trillion tokens and 20+ production use cases help telecoms escape 'Pilot Purgatory' with insights from NVIDIA, F3 Networks and TELUSVANCOUVER, BC, Feb. 24, 2026 /PRNewswire/ - [TELUS Digital] will showcase production-ready artificial intelligence (AI) driven customer experience (CX) and network optimization solutions for telecommunicatio ...

I am a value-oriented investor who seeks out high-quality companies with long histories of dividend growth. I believe that patient investors who build a core portfolio of dividend paying equities can achieve their retirement goals without taking on unnecessary risk. Dividend growth profiles are the best indicators of management's commitment to returning cash to shareholders. Dividend growth investing involves identifying quality companies with competitive advantages that provide visibility towards future ca ...

Quantum company deepens partnership with investor and telecom giant.One of Canada’s top quantum companies is claiming a breakthrough in transmitting information over a fibre optic network, in a step towards using quantum tech in everyday communications. “This is just the beginning of real-world impacts we will jointly deliver.”Paul TerryVancouver-based Photonic announced today that it had successfully transmitted quantum information—encoded as qubits, which can exist in two states at once—across 30 kilomet ...

Core Insights - Photonic Inc. and TELUS have formed a partnership to advance quantum-secure networking capabilities and deliver quantum solutions that can transform industries globally [1][3] - The collaboration has achieved a significant milestone with the world's first quantum teleportation using TELUS' existing fibre optic infrastructure, demonstrating the ability to reliably carry quantum information [1][2] Company Overview - Photonic Inc. specializes in distributed quantum computing and communications technologies, focusing on commercial-scale quantum computers and networks to tackle challenges in materials science, drug discovery, climate change, and security [5] - TELUS is a leading communications technology company with over $20 billion in annual revenue and more than 21 million customer connections, committed to leveraging technology for positive human outcomes [7] Technical Achievements - The quantum teleportation was successfully conducted over 30 km of TELUS' PureFibre network, utilizing Photonic's Entanglement First™ architecture, which integrates silicon-based qubits with telecom band photonic connectivity [2] - This achievement allows for the transfer of quantum information to a remote processing node, a crucial step for establishing long-distance quantum networks and commercial-scale quantum computers [2] Future Prospects - The partnership aims to expand projects at the intersection of Photonic's quantum computing expertise and TELUS' telecommunications capabilities, paving the way for products and infrastructure that support commercial quantum solutions [3][4] - The collaboration is expected to contribute to building a secure, resilient, and connected future for Canada, enhancing the country's leadership in quantum computing and networking [3][4]

Core Insights - TELUS reported a record free cash flow of CAD 2.2 billion for 2025, with guidance for 2026 indicating continued growth in service revenue and adjusted EBITDA of 2-4% [4][7][9] - The company emphasized customer loyalty, achieving a postpaid mobile phone churn rate of 0.97%, marking the 12th consecutive year below 1% [1][5] - Leadership transition is underway, with CEO Darren Entwistle announcing his retirement effective June 30, 2026, and former CIBC CEO Victor Dodig set to take over [2][5] Financial Performance - TELUS generated record free cash flow of CAD 2.2 billion in 2025, an 11% increase from 2024, and expects free cash flow to grow to approximately CAD 2.45 billion in 2026 [4][9] - Adjusted EBITDA for TELUS increased by 3.1% in 2025, with a forecast for similar growth in 2026 [7][8] - The company reported a decline in ARPU of 1.6% in Q4, but noted it was the strongest sequential improvement among peers [7] Customer Growth - TELUS added 1.1 million combined mobile and fixed net customers in 2025, including a record 716,000 connected device additions [5][6] - In Q4, the company achieved 377,000 total telecom customer net additions, with wireless net additions of 337,000 [6] Health and Digital Initiatives - TELUS Health reported double-digit revenue and adjusted EBITDA growth, with CAD 431 million in annualized synergies from the LifeWorks acquisition [10][11] - The company aims to grow AI-enabling capabilities revenue from CAD 800 million in 2025 to approximately CAD 2 billion by 2028 [12] Capital Allocation and Leverage - TELUS is reducing its dividend reinvestment plan discount to 1.75% from 2%, with plans for further reductions through 2026 and 2027 [14] - The company ended 2025 with a net debt to EBITDA ratio of 3.4x, with expectations to reach about 3.3x by the end of 2026 [15] Competitive Landscape - TELUS executives noted increased promotional activity in the wireless market, with a strategy to maintain premium brand economics while focusing on churn and cash flow [16]

Financial Data and Key Metrics Changes - TELUS achieved record free cash flow of CAD 2.2 billion for the full year 2025, representing an increase of 11% over 2024, exceeding the annual target [8][9] - The company reported a T-Tech adjusted EBITDA increase of 3.1% for 2025, demonstrating disciplined execution and a focus on cost efficiency [8][9] - The net debt to EBITDA leverage ratio improved to 3.4 times by the end of 2025, with expectations to reach approximately 3.3 times or lower by the end of 2026 [19][26] Business Line Data and Key Metrics Changes - TELUS reported 1.1 million full mobile and fixed customer net additions in 2025, including record connected device net additions of 716,000 and robust mobile phone net additions of 207,000 [6][7] - The wireline portfolio saw an industry-leading total wireline customer growth of 40,000 in Q4 2025, including 35,000 internet net additions [10][11] - TELUS Health experienced a 13% increase in operating revenues and a 10% increase in adjusted EBITDA, driven by the acquisition of Workplace Options and organic growth [24] Market Data and Key Metrics Changes - TELUS achieved an industry-leading postpaid mobile phone churn of 0.97% for the full year 2025, marking the twelfth consecutive year below the 1% threshold [8][9] - The company reported a decline in ARPU of 1.6%, but noted an accelerated sequential improvement, the strongest among peers [22][23] - Fixed data services revenue in Q4 increased approximately 2%, driven by continued internet customer growth and higher internet ARPU [23] Company Strategy and Development Direction - TELUS is focused on amplifying profitable revenue expansion while maintaining cost efficiencies, positioning itself for sustainable value-accretive growth [20][19] - The company plans to leverage its superior portfolio of bundled products and services to differentiate itself from competitors and create shareholder value [11][12] - TELUS aims to achieve double-digit EBITDA growth from both TELUS Digital and TELUS Health in 2026, with a focus on new product development and improving churn [49][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering sustained profitable growth, supported by a robust asset mix and diversified business portfolio [28] - The leadership transition to Victor Dodig is expected to maintain continuity in growth initiatives and capital allocation strategies [67][76] - Management highlighted the importance of maintaining healthy industry economics and brand differentiation amidst competitive pressures [34][35] Other Important Information - TELUS Digital's AI-enabling capabilities revenue increased by 44% to CAD 229 million in Q4, supporting a 35% increase for the full year [14] - The company is targeting CAD 7 billion of assets under management for monetization, which includes real estate and copper recycling [16][19] - TELUS is committed to reducing its DRIP discount to 1.75% from 2%, with further reductions planned through 2026 and into 2027 [15] Q&A Session Summary Question: Current wireless environment and strategy - Management acknowledged the promotional nature of the current wireless environment and emphasized the importance of brand differentiation to maintain healthy industry economics [34][35] Question: ARPU growth expectations - Management indicated that the improvement in ARPU is organic and reflects a reestablishment of premium offerings, with expectations for continued growth [40][42] Question: Guidance for revenue and EBITDA growth - Management outlined three key areas for growth: telecom, TELUS Digital, and TELUS Health, with expectations for double-digit EBITDA growth from the latter two [49][50] Question: Changes in capital allocation or dividend policy with new CEO - Management assured continuity in growth initiatives and capital allocation strategies despite the leadership transition [67] Question: Sovereign AI strategy and chip ownership - Management confirmed that the chip strategy is included in the guidance and emphasized the cost efficiency of leveraging existing data centers for Sovereign AI initiatives [88][94]

Financial Data and Key Metrics Changes - TELUS achieved record free cash flow of CAD 2.2 billion for the full year 2025, representing an increase of 11% over 2024, exceeding the annual target [8][9] - Adjusted EBITDA, including health, increased by 3.1% for 2025, demonstrating disciplined execution and focus on cost efficiency [8] - The net debt to EBITDA ratio improved to 3.4x at the end of 2025, with expectations to reach approximately 3.3x or lower by the end of 2026 [19][26] Business Line Data and Key Metrics Changes - In the fourth quarter, TELUS achieved total telecom customer net additions of 377,000, with wireless driving strong net additions of 337,000 [9][10] - The company reported record connected device net additions of 716,000 for the full year, with mobile phone net additions of 207,000 and fixed net additions of 158,000 [6][7] - TELUS Health's operating revenues and adjusted EBITDA grew by 13% and 10% respectively, attributed to the acquisition of Workplace Options and organic growth [24] Market Data and Key Metrics Changes - TELUS led the industry with 1.1 million full mobile and fixed customer net additions in 2025, marking the fourth consecutive year of surpassing 1 million combined customer additions [6][7] - The company reported industry-leading postpaid mobile phone churn of 0.97% for the full year, marking the twelfth consecutive year below the 1% threshold [8] Company Strategy and Development Direction - TELUS is focused on amplifying profitable revenue expansion while maintaining a strong emphasis on cost efficiencies [19][20] - The company plans to leverage its superior portfolio of bundled products and services to differentiate itself from competitors and create shareholder value [11][12] - TELUS aims to achieve double-digit EBITDA growth from TELUS Digital and TELUS Health in 2026, with a focus on new product development and improving churn rates [49][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering sustained profitable growth, supported by a robust asset mix and diversified business portfolio [28] - The company anticipates consolidated service revenue and adjusted EBITDA growth of up to 4% in 2026, alongside a free cash flow target of approximately CAD 2.45 billion [19][27] - Management highlighted the importance of maintaining healthy industry economics and brand differentiation amidst competitive pressures [34][35] Other Important Information - Darren Entwistle announced his retirement effective June 30, 2026, with Victor Dodig set to succeed him as CEO [3][4] - The company is exploring strategic investment opportunities for TELUS Health and TELUS Agriculture, alongside monetization of real estate and copper assets [18][19] Q&A Session Summary Question: Current wireless environment and TELUS strategy - Management acknowledged the competitive environment and emphasized the importance of maintaining brand differentiation to avoid a detrimental race to the bottom [34][35] Question: ARPU growth expectations - Management indicated that the improvement in ARPU is organic and reflects a reestablishment of premium offerings, with expectations for continued growth [40][41] Question: Guidance for revenue and EBITDA growth - Management outlined three key growth areas: telecom, TELUS Digital, and TELUS Health, with expectations for double-digit EBITDA growth from both digital and health segments [49][50] Question: Changes in CEO and capital allocation - Management assured continuity in growth initiatives and capital allocation strategies despite the leadership transition [67] Question: Sovereign AI strategy and chip ownership - Management confirmed that the chip strategy is included in guidance and emphasized the cost efficiency of leveraging existing data centers for Sovereign AI initiatives [88][94]