Matt Griffiths's questions to Telus Corp (TU) leadership • Q2 2025
Question
Matt Griffiths from Bank of America Merrill Lynch asked how capital deployment would work for new tower builds under the Terion partnership and sought clarification on partner-build activities for fiber expansion.
Answer
EVP & CFO Doug French confirmed Terion will build new towers funded by both TELUS and its partner, with the model remaining free cash flow positive for TELUS. President and CEO Darren Entwistle added that the $2B Eastern expansion investment will be a smart, value-accretive deployment, but declined to provide specific homes passed targets.