News & Events zu Telus Corporation (TU)TUTelus Corporation

Telus and AST SpaceMobile Complete First Network Integration Test

Telus and AST SpaceMobile have successfully completed their first integration test between TELUS' wireless network and AST SpaceMobile's space-based network, marking a significant milestone in the ability to access broadband data services, make voice calls, and send text messages directly between smartphones and satellites. By combining AST SpaceMobile's innovative satellite constellation, featuring the largest communication arrays ever deployed in Low Earth Orbit, with TELUS' award-winning wireless network, Canadians will have access to a new layer of cellular broadband coverage, extending service to more places, enhancing access to critical emergency services, and bringing Canadians greater peace of mind.

Company Raises FY26 Capital Expenditures Outlook to C$2.6B

Raises FY26 capital expenditures view to C$2.6B from C$2.3B. "The actions we are taking establish the financial conditions for strong, profitable growth and durable, compounding free cash flow growth," said Gopi Chande, Chief Financial Officer. "In combination, the dividend reset, termination of the DRIP discount and proceeds from our monetization initiatives provide a path to achieve our leverage and free cash flow objectives. Our commitment to reducing capital intensity, combined with a disciplined focus on operational efficiency across the business, reinforce that path further. The strategic changes we are making to how this company generates and deploys cash will compound to create lasting value for our shareholders."

TELUS Conducts Comprehensive Review of Asset Portfolio to Optimize Capital Allocation

The company said, "TELUS is conducting a comprehensive review of its asset portfolio to optimize capital allocation, with proceeds from these processes directed toward debt reduction. As part of this effort, the company remains active in the market on TELUS Health-related non-core assets and is in discussions with interested parties. Similarly, the company is also advancing the monetization of non-core real estate assets. These initiatives are expected to drive further deleveraging and support the company's long-term financial objectives. Additional details will be shared as notable developments arise."