Latest news with #TelusDigital
Yahoo
13 hours ago
- Business
- Yahoo
Telus proposes full acquisition of Telus Digital
Canadian telecom company Telus has proposed buying all remaining shares of its listed digital services subsidiary, Telus Digital for $3.40 per share. The price represents a 15% premium over Digital's 11 June 2025, closing price on the New York Stock Exchange and a 23% premium over its 30-day volume-weighted average price on Canadian and US markets. The digital arm operates across various industries, including technology, communications, Fintech, travel, retail, healthcare, and automotive. The move is part of the company's strategy to tighten its grip on the unit's AI capabilities. Telus president and CEO Darren Entwistle said: 'Our proposal to fully acquire Telus Digital reflects our belief that closer operational proximity between Telus and Telus Digital will enable enhanced AI capabilities and SaaS transformation across all lines of our business.' Telus already owns 57.4% of the digital arm's shares, including 152,004,019 multiple voting shares and 6,874,822 subordinate voting shares, holding 86.9% of voting power, per Digital's Q1 2025 financials. The non-binding offer, which could be paid in cash, Telus shares, or a mix of both, hinges on due diligence, a mutually agreed transaction structure, and definitive agreements. It also needs approval from Telus Digital's board, and has therefore urged Digital's board to form a special committee of independent directors to review the proposal. At this stage, no formal agreement has been established, and there is no guarantee that a transaction will occur, according to the company. Entwistle added: 'We anticipate that our deep familiarity with Telus Digital will enable us to conclude this proposed transaction, with appropriate engagement from Telus Digital, quickly and efficiently and, post-closing, effectively integrate the business and the team. 'Telus Digital will continue to be an important business unit within Telus, underscored by its demonstrated leadership in customer service excellence, digital transformation and heartfelt caring in the communities where team members live, work and serve.' Barclays is acting as the exclusive financial advisor to Telus, while Stikeman Elliott and A&O Shearman are providing legal counsel. In May 2025, Telus announced plans to invest more than C$70bn ($51bn) in Canada by 2029 to enhance its network infrastructure. The investment will focus on launching two new AI data centres, expanding wireless coverage in rural areas, and reducing greenhouse gas emissions through eco-friendly technologies. "Telus proposes full acquisition of Telus Digital" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 hours ago
- Business
- Yahoo
Stifel ‘wouldn't rule out' competing bid for Telus International
After Telus Digital Experience (TIXT) confirmed the receipt of a proposal from Telus (TU) to acquire 100% of the outstanding shares of Telus Digital not already owned by Telus Corporation for $3.40 per share, Stifel noted that Telus in the past has reiterated no interest in buying back Telus Digital, but the bid 'doesn't come as a total surprise to us' given the opportunity for Telus to insource Telus Digital at a more favorable valuation and restructure it to focus on higher-growth, higher-margin business. The firm sees Telus Digital as 'an attractive asset in light of a consolidating industry,' with strong and sustaining relationships with key customers like Google (GOOGL) and Meta (META), so it 'would not rule out a competing bid,' the analyst tells investors. Stifel has a Buy rating on Telus Digital shares. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on TIXT: Disclaimer & DisclosureReport an Issue Telus International rises 19.9% Telus International rises 21.6% Buy Recommendation for TELUS International (CDA) Driven by Strategic Acquisition and Synergy Potential Telus International gets Telus proposal to buy the company for $3.40 per share TELUS Digital Receives Acquisition Proposal from TELUS Corporation Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Winnipeg Free Press
2 days ago
- Business
- Winnipeg Free Press
Telus Corp. proposes to buy back full ownership of Telus Digital
VANCOUVER – Telus Corp. has proposed to buy back full ownership of Telus International (Cda) Inc. in a proposal that values the company it spun off in 2021 at about US$940 million. Under the non-binding indication of interest, Telus says it will pay US$3.40 per share in cash or Telus shares or a combination of both for the shares in the company which operates as Telus Digital that it does not already hold. Telus International shares, which closed at US$2.96 on the New York Stock Exchange on Wednesday, were up 71 cents US at US$3.67 in trading Thursday. The shares were up 95 cents at C$5.00 in trading on the Toronto Stock Exchange. The company, which provides IT services and customer service to global clients, went public in 2021 with an initial public offering of US$25 per share. Telus already owns 57.4 per cent of the company's outstanding shares including 92.5 per cent of the multiple voting shares and 6.1 per cent of the subordinate voting shares, making its offer worth about US$400 million. Telus chief executive Darren Entwistle says the proposed deal will yield meaningful benefits for Telus Digital and Telus customers and investors. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published June 12, 2025. Companies in this story: (TSX:T, TSX:TIXT)
Yahoo
2 days ago
- Business
- Yahoo
Telus Corp. proposes to buy back full ownership of Telus Digital
VANCOUVER — Telus Corp. has proposed to buy back full ownership of Telus International (Cda) Inc. in a proposal that values the company it spun off in 2021 at about US$940 million. Under the non-binding indication of interest, Telus says it will pay US$3.40 per share in cash or Telus shares or a combination of both for the shares in the company which operates as Telus Digital that it does not already hold. Telus International shares, which closed at US$2.96 on the New York Stock Exchange on Wednesday, were up 71 cents US at US$3.67 in trading Thursday. The shares were up 95 cents at C$5.00 in trading on the Toronto Stock Exchange. The company, which provides IT services and customer service to global clients, went public in 2021 with an initial public offering of US$25 per share. Telus already owns 57.4 per cent of the company's outstanding shares including 92.5 per cent of the multiple voting shares and 6.1 per cent of the subordinate voting shares, making its offer worth about US$400 million. Telus chief executive Darren Entwistle says the proposed deal will yield meaningful benefits for Telus Digital and Telus customers and investors. This report by The Canadian Press was first published June 12, 2025. Companies in this story: (TSX:T, TSX:TIXT) The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
2 days ago
- Business
- Time of India
Telus offers to fully own digital unit for greater control of AI capabilities
Telus said on Thursday it intends to acquire the shares in its listed digital services subsidiary it does not currently own, as the Canadian telecom firm seeks greater control of the unit's artificial intelligence capabilities . The company has offered $3.40 per share to acquire the shares it does not own in Telus Digital, valuing the unit at $946.8 million, according to Reuters' calculation. Telus currently holds about 57% of the digital unit's outstanding shares directly and through its other units. This is a 15% premium to the last closing price of the subsidiary's U.S.-listed stock. U.S.-listed shares of the digital unit are down more than 24% this year, severely lagging the parent company whose U.S. listing is up nearly 19% this year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Eşsiz Güzellikteki Mobilyaları Keşfet CaddeYıldız Şimdi Satın Al Undo The move underscores Telus' push for more control of the digital unit, which helps businesses adopt AI and develop data strategies amid a worldwide push to harness the technology. "Our proposal to fully acquire Telus Digital reflects our belief that closer operational proximity... will enable enhanced AI capabilities and SaaS transformation across all lines of our business," Telus CEO Darren Entwistle said. Live Events Telus said last month it is investing more than C$70 billion ($51.40 billion) in Canada over the next five years to expand its network infrastructure in the country, which would be focused around launching two new AI data centers. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Barclays is serving as Telus' financial advisor.
