Telus Corporation (TU) News & EventsTUTelus Corporation

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."

TELUS Reports Q2 Revenue of C$4.92B

Reports Q2 revenue C$4.92B, consensus C$5.03B. "TELUS is built on a foundation of genuine strength - leading networks, sustained customer loyalty and growing expertise in health and AI-enabling capabilities that are increasingly central to how Canadians live and work. The macro environment has shifted and we are responding with clarity and discipline. Today we are announcing three strategic priorities that will strengthen our financial foundation, sharpen our operational focus and concentrate our resources on the opportunities where TELUS is best positioned to win - all in service of delivering long-term, profitable and sustainable growth," said Victor Dodig, President and Chief Executive Officer.

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."