Core Insights - TELUS Corporation is launching the first Sovereign AI Factories in Rimouski, Quebec, and Kamloops, British Columbia, to enhance Canada's AI infrastructure and digital economy [1][6] - The facilities will utilize NVIDIA's advanced supercomputers and are expected to begin operations in summer 2024 [2] - The initiative aligns with the Pan-Canadian AI Strategy, focusing on secure and sustainable AI innovation [1][6] Group 1: Sovereign AI Factories - The Sovereign AI Factories will build on TELUS' legacy of regional innovation and support for startups, public institutions, and enterprises [3] - These facilities will ensure trusted data processing for critical sectors like healthcare and finance, powered by 99% renewable energy [4] - The innovative cooling systems will reduce water usage by over 75%, saving 17 million liters annually and cutting carbon emissions by more than 300 tons [4] Group 2: Strategic Placement and Partnerships - By establishing AI hubs in both eastern and western Canada, TELUS aims to democratize access to advanced computing and reinforce Canada's technological leadership [5] - The AI Factories will complement TELUS' Fuel iX platform, which offers secure generative AI solutions [5] Group 3: Investment and Growth - TELUS is investing $73 billion across Canada by 2028 to foster socio-economic growth, with significant allocations for Ontario, Alberta, and British Columbia [7] - The company achieved a milestone by becoming the first to receive international certification in Privacy by Design for its generative AI customer support tool [7] Group 4: Stock Performance - TELUS currently holds a Zacks Rank 3 (Hold) and has seen a 5% increase in share price over the past three months, contrasting with a 4.2% decline in the industry [8]

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]

Core Insights - TELUS Corporation has launched GameRx, an interactive wellness resource aimed at enhancing Canadians' mental, emotional, and physical well-being through gaming [1] - The company is leveraging its robust infrastructure, including PureFibre Internet and a 5G network, to support gamers with reliable connectivity [2] - TELUS Health emphasizes the positive aspects of gaming, with a survey indicating that over one-third of Canadians use gaming to cope with challenges, and nearly half view it as a means to improve health and foster community [3] GameRx Initiative - GameRx curates video game recommendations based on specific wellness goals such as stress relief, focus, loneliness, mobility, or memory [4] - The platform is initially available in English, with French support expected by April 2025, broadening its accessibility [5] - This initiative is anticipated to gain traction among Canadians, potentially enhancing TELUS's revenue and share price [6] Health Services Growth - TELUS's health services unit is experiencing strong revenue growth due to acquisitions in employee and family support programs, organic growth, and increased demand for health benefits management [7] - The acquisition of LifeWorks has strengthened TELUS's position in digital health services, achieving $355 million in synergies since 2022, with a target of $427 million by the end of 2025 [8] Mental Health Support Expansion - TELUS Health partnered with MetLife to integrate mental health support into New Hampshire's Paid Family Medical Leave plan, providing access to Cognitive Behavioral Therapy and making mental health care more accessible [9] Financial Outlook - TELUS has set financial targets for 2025, expecting 2-4% growth in operating revenues and 3-5% growth in adjusted EBITDA for the Technology segment [10] Stock Performance - TELUS currently holds a Zacks Rank of 3 (Hold), with shares declining by 7.4% over the past year, compared to a 4.9% decline in the sub-industry [11]

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 ...

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]

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].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of TELUS International (Cda) Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's AI Data Solutions and its impact on profitability [1][3]. Group 1: Allegations - The complaint alleges that during the class period from February 16, 2023, to August 1, 2024, TELUS International made materially false and misleading statements [3]. - Specific allegations include that the company's AI Data Solutions required the cannibalization of higher-margin offerings, leading to declining profitability [3]. - It is claimed that the shift toward AI placed greater pressure on the company's margins than previously disclosed, resulting in misleading positive statements about the company's business and prospects [3]. Group 2: Class Action Details - Shareholders who purchased shares of TIXT during the specified class period are encouraged to contact the Gross Law Firm for possible lead plaintiff appointment [1][4]. - The deadline for shareholders to register for the class action is March 31, 2025, and there is no cost or obligation to participate [4]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of TELUS International (Cda) Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's AI Data Solutions and its impact on profitability [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from February 16, 2023, to August 1, 2024 [3]. - Allegations include that the company’s AI Data Solutions required the cannibalization of higher-margin offerings, leading to declining profitability [3]. - It is claimed that the shift towards AI increased pressure on the company's margins more than previously disclosed, and that positive statements made by the defendants were materially misleading [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by March 31, 2025, to potentially become lead plaintiffs [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case [4]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [5]. - The firm seeks recovery for investors who suffered losses due to false or misleading statements that inflated the company's stock [5].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of TELUS International (Cda) Inc. regarding a class action lawsuit related to misleading statements and omissions during a specified class period [1][2]. Group 1: Class Action Details - The class period for the lawsuit is from February 16, 2023, to August 1, 2024 [2]. - Allegations include that TELUS International's AI Data Solutions offerings cannibalized higher-margin products, leading to declining profitability and increased pressure on margins [2]. - Shareholders are encouraged to register for the class action by March 31, 2025, to potentially become lead plaintiffs [3]. Group 2: Legal Firm Information - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors from deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].

Core Insights - TELUS Corporation has partnered with NVIDIA to establish Canada's leading Sovereign AI Factory, aimed at enhancing AI innovation and competitiveness while ensuring data security within Canada [1][4]. Group 1: Partnership and Infrastructure - The collaboration involves installing NVIDIA's advanced GPUs at TELUS's Quebec data center by summer 2025, with plans for expansion in British Columbia [2]. - The Sovereign AI Factory will leverage TELUS's high-speed, low-latency fiber network and sustainable data centers, which are powered by 99% renewable energy [2]. Group 2: Sustainability and Efficiency - TELUS's data centers are three times more energy efficient than the industry average, utilizing less electricity for AI workloads and employing natural cooling methods that reduce water use by over 75% compared to traditional centers [3]. - The Sovereign AI Factory is positioned to be one of the most sustainable AI-ready data centers globally [3]. Group 3: AI Capabilities and Compliance - The facility will utilize NVIDIA's latest supercomputers, enabling faster AI model training and advanced inference, thereby strengthening Canada's AI ecosystem [4]. - TELUS is committed to responsible AI development, having signed the Government of Canada's Voluntary AI Code of Conduct in 2023, ensuring transparent and fair AI usage [5]. Group 4: Recognition and Ethical Practices - TELUS was the first to receive Privacy by Design certification for its AI-powered support tool and is recognized for its ethical AI practices by the Responsible AI Institute [6]. - The company is one of 20 global groups in the OECD AI framework, contributing to G7 AI governance [6]. Group 5: Economic Impact - TELUS's investment in AI infrastructure is expected to create new job opportunities in AI research, cloud computing, and data security, thereby strengthening Canada's AI workforce [7].