Kannan Venkateshwar's questions to Telus Corp (TU) leadership • Q2 2025
Question
Kannan Venkateshwar questioned the long-term viability of the multi-tiered wireless pricing structure and asked if the 3x net debt/EBITDA leverage target is still appropriate in a slower growth environment.
Answer
Zainul Mawji, EVP & President of Consumer Solutions, defended the dynamic, AMPU-focused brand strategy. President and CEO Darren Entwistle argued that the growth outlook is strong due to AI, wireline, and emerging businesses. He stressed the 3.0x leverage target is a scientifically derived figure to minimize the weighted average cost of capital (WACC), not an arbitrary number based on comps.