You might also like
TELUS Corporation (TSX: T, NYSE: TU) is a leading communications technology company that connects over 20 million customers through its advanced broadband services. The company provides a wide range of telecommunications, healthcare, agriculture, and digital experience solutions to consumers, businesses, and the public sector. TELUS is committed to leveraging technology to deliver innovative services and enhance human outcomes globally.
-
TELUS Technology Solutions (TTech) - Offers mobile and fixed telecommunications services, including mobile network and equipment sales, internet, television, voice, and security services. Also includes health services and agriculture and consumer goods solutions.
- Mobile Products and Services - Provides mobile network connectivity and equipment sales.
- Fixed Products and Services - Includes internet, TV, voice, security, and home automation services, as well as health and agriculture solutions.
-
TELUS Digital Experience (formerly TELUS International) - Delivers digitally enabled customer experience solutions and supports digital transformations for global clients across industries such as technology, gaming, communications, media, healthcare, and financial services.
-
TELUS Health - Enhances lives worldwide through preventive medicine, wellbeing technologies, and healthcare services.
-
TELUS Agriculture & Consumer Goods - Utilizes digital technologies and data insights to optimize the connection between producers and consumers, improving efficiency and sustainability in the agriculture and consumer goods sectors.
Name | Position | External Roles | Short Bio | |
---|---|---|---|---|
Darren Entwistle ExecutiveBoard | President and CEO | Public Board Director of TELUS International (Cda) Inc. | Darren Entwistle has been the President and CEO of TELUS Corporation since 2000, transforming the company through significant operational and financial achievements while also serving as a director at TELUS Corporation and a public board director at TELUS International (Cda) Inc. | View Report → |
Doug French Executive | Executive Vice-President (EVP) and Chief Financial Officer (CFO) | Doug French is the Executive Vice-President (EVP) and Chief Financial Officer (CFO) at TELUS, leading a team of 1,400 professionals with over 30 years of experience driving financial growth. He also serves as the Global Executive Sponsor of Spectrum to advance an inclusive workspace, although this role is internal to TELUS. | ||
Navin Arora Executive | Executive Vice President (EVP) and President, Business Solutions | Navin Arora is the Executive Vice President (EVP) and President, Business Solutions at TELUS, responsible for overseeing TELUS Business Solutions, TELUS Health, and other key divisions with a focus on driving innovation in areas such as 5G, IoT, and data analytics. He has led significant strategic initiatives in TELUS' B2B segment over the past five years, contributing to landmark wins and enhanced operational excellence. | ||
Tony Geheran Executive | Executive Vice President and Chief Operations Officer | Tony Geheran is the Executive Vice President and Chief Operations Officer at TELUS, where he leads the Customer Technology Excellence team and oversees key technology infrastructure and digital transformation initiatives. He has maintained his role for five years or more, though details about his previous positions or exact start date at TELUS are not provided. | ||
Zainul Mawji Executive | Executive Vice President (EVP) and President, Consumer Solutions | Zainul Mawji is the Executive Vice President (EVP) and President, Consumer Solutions at TELUS, where she leads consumer strategy across product development, marketing, and customer service, having served the company for over 22 years. | ||
Christine Magee Board | Independent Director | Board member at Metro Inc.; Board member at Trillium Health Partners | Christine Magee has been an independent director at TELUS Corporation since 2018 and brings extensive expertise in retail, banking, and governance. She also co-founded and chairs Sleep Country Canada, underlining her long-standing experience in business leadership. | |
David Mowat Board | Corporate Director | Member of the Board of Directors at Laurentian Bank of Canada; Member of the Board of Directors at Edmonton Regional Airports Authority | David Mowat is a corporate director at TELUS Corporation since 2016 and currently serves as Chair of the Audit Committee. He brings extensive leadership experience from his previous roles as President and CEO of ATB Financial (2007-2018) and CEO of Vancouver City Savings Credit Union (2000-2007). | |
Denise Pickett Board | Independent Director | Board Member, United Way of New York City | Denise Pickett has served as an Independent Director on the Board of TELUS Corporation since 2018 and participates on the Audit and Corporate Governance Committees. She brings over three decades of experience in risk management and corporate governance to her role. | |
Hazel Claxton Board | Independent Director | Bank of Montreal; Allied Properties REIT; University Pension Plan Ontario; Unity Health Toronto | Hazel Claxton has served as an independent director at TELUS Corporation since 2021, serving on both the Audit Committee (from May 7, 2021) and the People, Culture and Compensation Committee (from May 6, 2022). She brings extensive expertise in HR management, finance, and governance from her leadership roles at PwC Canada and Morneau Shepell Inc. | |
John Manley Board | Chair of the Board | Chair at Jefferies Securities Inc.; Senior Business Advisor at Bennett Jones LLP | John Manley has extensive leadership experience across both the public and private sectors, including a notable 16-year political career. He has been a director of TELUS since 2012 and became Chair of the Board on May 4, 2024. | |
Lisa de Wilde Board | Independent Director | Bell Media Professor in the Schulich School of Business MBA Program in Arts, Media, and Entertainment Management ; Vice Chair of Asia Pacific Foundation of Canada ; Board Member at École de Danse Contemporaine de Montréal ; Vice Chair of CARE Canada | Lisa de Wilde has served as an independent director at TELUS Corporation since 2015 and currently chairs the Corporate Governance Committee since at least 2023. She brings extensive experience in regulatory affairs, media, and governance, having previously served as the CEO of TVO between 2005 and 2019. | |
Marc Parent Board | Director | President and CEO of CAE Inc. | Marc Parent has served as an independent director at TELUS Corporation since 2017 and actively participates on the People, Culture and Compensation Committee and the Pension Committee since 2018. He is also the President and CEO of CAE Inc. since 2009, a role held externally from TELUS. | |
Martha Hall Findlay Board | Director | Director of the School of Public Policy and Palmer Chair at the University of Calgary; Member of the Deputy Minister of International Trade’s Trade Expert Advisory Council; Member of the Canada-US Law Institute Executive Committee; Member of the Asia Business Leaders Advisory Council and Canada-Korea Forum | Martha Hall Findlay is a director at TELUS Corporation, having joined the board on May 9, 2024. She is also a member of the Audit Committee and brings extensive experience in public policy, sustainability, and governance from her roles at the University of Calgary and various advisory councils. | |
Mary Jo Haddad Board | Director | Chancellor of the University of Windsor | Mary Jo Haddad has been a Director at TELUS Corporation since 2014 with extensive expertise in healthcare and corporate governance. She previously served as President and CEO of The Hospital for Sick Children until her retirement in 2013 and has chaired the People, Culture and Compensation Committee at TELUS since May 2017. | |
Raymond T. Chan Board | Independent Director | Raymond T. Chan has been an Independent Director at TELUS Corporation since 2013, bringing extensive expertise in finance, governance, and human resources. He has a long career that includes senior executive roles at Baytex Energy Corp and board positions at other organizations such as TMX Group Inc.. | ||
Sean Willy Board | Independent Director | President and CEO of Des Nedhe Development | Sean Willy is an independent director at TELUS Corporation since 2021, serving on the Audit and Corporate Governance Committees. Previously, he held leadership roles including President and CEO of Des Nedhe Development and contributed to corporate responsibility initiatives at Cameco and Rio Tinto. | |
Thomas E. Flynn Board | Corporate Director | Director, Ontario Health; Chair, Sunnybrook Health Sciences Centre; Chair, Holland Bloorview Kids Rehabilitation Hospital; Chair, Symcor Inc. | Thomas E. Flynn has served as a Corporate Director at TELUS since 2020, bringing extensive expertise in finance, risk management, and governance. Previously, he held senior roles at Bank of Montreal including CFO, CRO, and Vice-Chair, which underscore his significant industry experience. | |
Victor Dodig Board | Director | President and Chief Executive Officer of the CIBC group of companies | Victor Dodig serves as an independent director at TELUS Corporation, having joined the board in 2022 and the Pension Committee on May 4, 2023. He is also the President and Chief Executive Officer of the CIBC group of companies, a role he has held since 2014. |
-
With mobile phone ARPU declining by 3.6% in Q4 and ongoing competitive pressures, what specific strategies is TELUS implementing to stabilize or increase ARPU in 2025, and how confident are you in these measures given the current market conditions?
-
Your target to reduce net debt-to-EBITDA ratio to approximately 3x by 2027 relies, in part, on asset divestitures and monetization programs. Given the current pace of real estate monetization, can you provide more details on how you plan to achieve this goal, and what specific assets are under consideration for sale?
-
Considering your plans to ratchet down and ultimately remove the discounted dividend reinvestment plan by 2027, how sustainable is your dividend growth strategy in light of high leverage and significant capital expenditure requirements?
-
Given the intensified competition and declining ARPU in the wireless market, what assumptions underpin your revenue growth guidance for 2025, particularly regarding volume growth and market share, and how do you plan to drive profitable customer growth in this challenging environment?
-
As you expand into new territories like the Ontario Internet market, can you elaborate on the challenges you face in achieving profitable growth, and how you plan to differentiate your offerings to gain market share against established competitors?
Notable M&A activity and strategic investments in the past 3 years.
Company | Year | Details |
---|---|---|
Vumetric TM Cybersecurity | 2024 | TELUS aimed to acquire Vumetric TM Cybersecurity in May 2024 by issuing 291,817 common shares at a weighted average price of $23.99 per share to enhance its cybersecurity portfolio with advanced penetration testing capabilities across North America. |
Proagrica | 2024 | TELUS completed the acquisition of Proagrica in Q1 2024, a global provider of agronomic and business data solutions for the agricultural supply chain, to address the growing demand for digital solutions in agriculture. |
WillowTree | 2023 | TELUS International acquired WillowTree in 2023 for approximately US$1.1 billion (net of assumed debt), using a combination of cash, subordinate voting shares, and put options, thereby strengthening its digital consulting, design, and software development capabilities. |
Fully Managed Inc. | 2022 | TELUS acquired Fully Managed Inc. on January 1, 2022 for approximately $137 million in cash and contingent consideration, expanding its managed IT support, technology strategy, and network management services for small and medium-sized business customers. |
Vivint Smart Home (Canada) | 2022 | TELUS acquired the Canadian operations of Vivint Smart Home on June 8, 2022 for $101 million to bolster its connected home, security, business, and health services while adding 75,000 security customers. |
LifeWorks Inc. | 2022 | TELUS acquired LifeWorks Inc. in September 2022 for approximately C$2.3 billion (including C$600 million in net debt) through a 50% cash/50% common shares deal, significantly expanding TELUS Health’s global footprint and digital-first health and wellness solutions. |
Recent press releases and 8-K filings for TU.
- TELUS Corporation filed an execution version 6-K supplement relating to its issuance of junior subordinated debt securities, supplementing the Base Indenture from May 22, 2001.
- The filing details the issuance of 6.25% fixed-to-fixed rate junior subordinated notes, Series CAR, with a stated maturity on July 21, 2055 and an aggregate principal amount of $1.1 billion.
- The supplement outlines key legal and technical provisions, including interest rate reset mechanisms every five years ensuring rates do not fall below 6.25%, along with detailed covenants, subordination, and default events provisions.
- In 2024, TELUS delivered robust operational performance driven by strategic investments, operational excellence, and an unwavering commitment to social capitalism.
- The circular detailed active board engagement with shareholders and discussions on key governance matters, including capital allocation and long-term strategy.
- The company reiterated its pay-for-performance executive compensation philosophy with significant at-risk components and strong shareholder approval in its say-on-pay vote.
- TELUS is exploring the monetization of its tower infrastructure through a potential sale of a minority stake to enhance its balance sheet and support next-gen wireless networks.
- All proceeds are targeted to pay down debt and help achieve a de-leveraging goal of 3x net debt to EBITDA by 2027.