Matt Griffiths's questions to Telus Corp (TU) leadership • Q2 2025
Question
Matt Griffiths asked about the capital deployment strategy for new tower builds under the Terion entity, sought clarification on partner-build activity for fiber, and inquired about the funding for the $2 billion Eastern Canada expansion.
Answer
EVP & CFO Doug French clarified that new towers will be funded by both TELUS and its partner, and while consolidated, will have a net cash benefit. He confirmed partner-build models are being used for fiber. President and CEO Darren Entwistle stated the $2B expansion funding source is to be determined and that the buildout will be strategic and value-accretive, leveraging their successful Western Canada playbook.