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]

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Telus International To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 in Telus International between February 16, 2023 and August 1, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YOR ...

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].

Core Viewpoint - A class action lawsuit has been filed against Telus International (Cda) Inc. for violations of federal securities laws, specifically related to its AI Data Solutions and declining profitability [1][2]. Group 1: Lawsuit Details - The lawsuit pertains to shareholders who purchased Telus securities between February 16, 2023, and August 01, 2024 [1]. - The complaint alleges that the development of AI Data Solutions required the cannibalization of higher-margin offerings, leading to declining profitability [2]. - The shift towards AI has placed pressure on the company's profit margins [2]. Group 2: Legal Representation - DJS Law Group specializes in securities class actions and corporate governance litigation, focusing on enhancing investor returns through advocacy [3]. - The firm represents some of the largest hedge funds and alternative asset managers, indicating a strong background in handling significant litigation claims [3].

Core Viewpoint - A class action securities lawsuit has been filed against TELUS International, alleging securities fraud that negatively impacted investors between February 16, 2023, and August 1, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that TELUS International made false statements regarding its AI Data Solutions, which required the cannibalization of higher-margin offerings [2]. - It is alleged that the company's declining profitability was linked to its focus on developing AI capabilities, which exerted greater pressure on margins than previously disclosed [2]. - The positive statements made by the defendants about the company's business and prospects were materially misleading and lacked a reasonable basis [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until March 31, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of TELUS International (Cda) Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its business operations and profitability during a specified class period [1]. Summary by Relevant Sections Allegations - The complaint alleges that during the class period from February 16, 2023, to August 1, 2024, TELUS International's AI Data Solutions offerings required the cannibalization of its higher-margin offerings [1]. - It is claimed that the company's declining profitability was linked to its efforts to develop AI capabilities [1]. - The shift towards AI is said to have placed greater pressure on the company's margins than previously disclosed [1]. - As a result, the positive statements made by the defendants regarding the company's business and prospects were materially misleading and lacked a reasonable basis [1]. 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]. - The deadline for shareholders to register for the class action is March 31, 2025 [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case [2]. Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and engage in good corporate citizenship [3]. - The firm seeks recovery for investors who incurred losses due to false or misleading statements that led to artificial inflation of the company's stock [3].