TELUS Corporation Website

TELUS Corporation

TSX-T

Company Overview

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network revenue; mobile technologies equipment sale; data revenues, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services. The Digitally-Led Customer Experiences segment provides digital customer experience and digital-enablement transformation solutions, including artificial intelligence and content management solutions. It has 16.9 million subscriber connections, which include 9.3 million mobile phone subscribers; 2.1 million connected device subscribers; 2.3 million internet subscribers; 1.1 million residential voice subscribers; 1.3 million TV subscribers; and 804,000 security subscribers. The company was formerly known as TELUS Communications Inc. and changed its name to TELUS Corporation in February 2005. TELUS Corporation was incorporated in 1998 and is headquartered in Vancouver, Canada.

  • Name

    TELUS Corporation

  • CEO

    Darren Entwistle

  • Website

    www.telus.com

  • Sector

    Diversified Telecommunication Services

  • Year Founded

    1998

Company Statistics

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Bulls Say

  • Lower wireless penetration than in the US and Europe leaves Canada with more opportunity for market growth, and Telus is positioned to take its fair share as an industry leader with a top-tier network.

  • Wireline network improvement due to its fiber buildout gives Telus a superior network that will lead to market share gains and lower costs.

  • Telus’ nontelecom assets set it apart from its peers. These businesses will drive growth beyond its core wireless and wireline telecom businesses.

Bears Say

  • Quebecor’s push to become a national wireless player weighs on Telus' pricing power, which will lead to stagnant sales if the firm can't reaccelerate new subscriber additions.

  • Regulators' preference for competition in the industry will keep a lid on incumbents' profits and business potential, and Telus is a leader in both wireless and wireline.

  • Telus’ push into noncore telecom businesses risks destroying value in search of sales growth. A safer choice would be to sacrifice sales growth for the sake of debt reduction and stock repurchases while the stock has been punished.

Source: Morningstar Analysis - Nov 07, 2025

What's happening

Nov 13, 2025 - Dec 13, 2025

TELUS Corporation Faces Significant Challenges Amidst Mixed Financial Developments

  • TELUS reported a modest year-over-year revenue growth of 0.2% for Q3, but net income surged by 68%.
  • The company successfully priced a $1.5 billion offering in junior subordinated notes to support debt repayment and corporate purposes.
  • Despite strategic initiatives, bearish sentiment led to significant stock declines, with TELUS underperforming the S&P 500 by -12.4%.

Over the past month, TELUS Corporation (TU) experienced a notable decline of 12.7%, significantly lagging behind the S&P 500's slight drop of 0.2%. This disparity highlights ongoing challenges within TU's operations in the telecommunications sector as it navigates mixed analyst sentiments and various financial developments.

On December 10, TELUS announced third-quarter revenues totaling C$5.06 billion, reflecting only a marginal increase of 0.2% compared to last year. However, net income rose sharply by an impressive 68% to C$437 million due to its stable subscription model. Analysts raised concerns regarding the company's paused dividend growth strategy at current levels and expressed skepticism about future free cash flow targets that may not meet investor expectations.

In early December, positive developments occurred when TELUS priced an extensive offering of junior subordinated notes amounting to $1.5 billion in U.S dollars and CAD$800 million in Canadian dollars aimed at funding debt repayment and general corporate purposes. This move was complemented by cash tender offers for existing debt securities valued up to C$500 million—demonstrating proactive financial management despite declining stock performance.

Despite these efforts, negative sentiment prevailed throughout November into December; on November 18 alone, TU shares fell over -4%, primarily due to mixed analyst ratings following partnerships focused on advancing artificial intelligence solutions within Canada's tech landscape. Although collaboration with Railtown AI aimed at enhancing software capabilities, it did not translate into immediate market confidence or price stability for TU shares.

Overall market reactions indicate skepticism towards TELUS's strategic initiatives amid high institutional ownership nearing half while contending with elevated payout ratios compared to peers like Shenandoah Telecommunications Company. Throughout this one-month period analyzed here, Telus Corp underperformed the Communication Services (XLC) sector by -15.3%.

TSX:T