$T.TO

TELUS' TELUS Digital and Cresta Partner to Deliver AI Agents and Augment Human Agents to Elevate Customer Experience

TELUS' (T.TO, TU) TELUS Digital Monday said it has partnered with Cresta to boost AI capabilities.TELUS Digital, under the partnership, will introduce prospective and current enterprise clients to Cresta's customer experience AI platform and serve as a preferred implementation partner. Enterprises that choose to deploy Cresta will contract directly with Cresta for the platform and engage TELUS Digital for implementation, integration, change management, managed services or other professional services, it said."TELUS Digital brings engineering expertise and the experience of operating contact centers at scale to implement and optimize Cresta's customer experience AI platform, giving global brands an AI solution that analyzes every interaction, deploys AI agents, and augments frontline teams," the company said in a statement.U.S.-listed shares of TELUS were last seen up 0.9% at US$12 in pre-market trading.

TELUS Digital and Cresta Partnering on AI

CRTC Directed to Review Canadian Content Decision

The Federal government is calling on the Canadian Radio-Television and Telecommunications Commission (CRTC) to review its recent decision to hike streamers' financial contributions to Canadian content.Last month, the CRTC announced new requirements for large foreign streaming services and Canadian broadcasters to spend part of their Canadian revenue on acquiring or producing Canadian programming."The CRTC's new requirements would impose new costs on the companies providing these services, which could ultimately fall on Canadian consumers through higher prices," a statement said.Instead, the government will develop new policy directions to adjust the implementation of the Online Streaming Act, it said.Ottawa has set aside $600 million to support the audio and audiovisual sectors. Details will be announced after consultation with the sector. Once the new CRTC rules are finalized, the level of government investment will be adjusted as appropriate, it said.Price: $34.20, Change: $+0.13, Percent Change: +0.37%

CIBC in its Q1 Canadian Telecom Earnings Recap Says Quebecor Remains its "Top Pick" Post Quarter

CIBC Capital Markets provided its first-quarter Canadian Telecom Earnings Recap in a note dated May 15 and said its "top pick" following first-quarter remains Quebecor (QBR-A.TO, QBR-B.TO).Among the Canadian telecoms, Q1 revenue and adj. EBITDA came "roughly in line" with consensus, said CIBC. Core telecom margins were up an average of 30 basis points in Q1 and CIBC continues to expect a focus on efficiency in a lower-growth telecom environment.In wireless, average revenue per user (ARPU) declines continue to moderate with wireless service revenue growth of 22 bps at the Big 3, but up 9% at Quebecor, driven by subscriber and APRU growth, stated CIBC.In internet, CIBC noted Telus (T.TO) and BCE (BCE.TO) took the "highest share of net adds", with all companies in its coverage continuing to focus on out-of-footprint expansion via TPIA and/or FW.Competitive pricing escalated through Q1, with flanker brands reducing low-tier prices to ~$25 late in the quarter, said CIBC and added that average Q1 ARPU was down 92 bps Y/Y, an improvement from a 121 bps decline in Q4.Quebecor recorded its second consecutive quarter of ARPU growth (+1.4%), the only Canadian telecom to see ARPU growth after multiyear industry declines, noted CIBC.It further noted that immigration remains a headwind, with industry mobile net additions down 26% Y/Y in the quarter."Q1 equipment revenue dropped 3% across the Big 3, which we view as a healthy barometer of a moderating device subsidy environment, consistent with lower subsidy rates observed in our channel checks," said CIBC. "We observe pricing stabilizing post-Q1, with flagship and flanker pricing up 5% and 3% Y/Y, respectively. Rogers (42%) took the highest share of industry wireless net additions in Q1, followed by Quebecor (37%), TELUS (15%) and BCE (6%)."Telus (44%) and BCE (29%) took the highest share of internet net additions this quarter, noted CIBC, driven by a combination of increased penetration in footprint as well as out-of-footprint expansion in the east (Telus) and in the west (BCE).Quebecor reported its third consecutive quarter of internet revenue growth (+3.2%), added CIBC."All companies within our coverage are exploring out-of-footprint expansion to some degree," said CIBC. "We expect out-of-footprint expansion via TPIA to be a growth opportunity, but to come at a lower margin vs. the owner economics in footprint."Deleveraging remains a focus for the sector, noted CIBC, with average leverage of 3.4x at the end of Q1."BCE and TELUS reiterated their deleveraging targets (3.5x and 3.0x by the end of 2027, respectively), said CIBC. "Rogers reduced its F2026 capex guidance by ~24% at the midpoint, with the savings flowing to FCF."CIBC expects Rogers to use the additional FCF to accelerate deleveraging. Quebecor continues to have the lowest leverage among the telecoms at 2.86x, added CIBC.Price: $49.23, Change: $+0.65, Percent Change: +1.34%

Telus Advancing New AI Data-Centre Cluster in British Columbia

Telus (T.TO) is advancing a proposed artificial-intelligence data-center cluster in British Columbia, the company said on Monday.Telus is expanding its existing Kamloops data center and developing two new Vancouver facilities with Westbank and its partners. The Kamloops AI Factory will come online later this year; the M3 facility in Vancouver's Mount Pleasant neighborhood will open at the end of 2026 and scale through 2028; and the 150 West Georgia facility will come online in 2029, with the cluster's total capacity scaling to over 150 MW by 2032, a statement said.Once fully scaled, this cluster is expected to deliver $9 billion in economic value to British Columbia, create more than 1,000 construction jobs and hundreds of high-skilled operations roles, Telus added.The company's first Sovereign AI Factory in Rimouski, Quebec, opened last September, and is sold out.Telus shares were last seen down $0.08 to $17.38 on the Toronto Stock Exchange.Price: $17.36, Change: $-0.10, Percent Change: -0.57%

CIBC Confirms Outperformer Rating and Target of $24.00 on Telus After Q1 Results and CFO Appointment

CIBC Capital Markets maintained its outperformer rating and C$24.00 price target on the shares of Telus (T.TO, TU) after the company reported its first-quarter financial results and appointed Gopi Chande as its Chief Financial Officer on Friday.The company "continues to focus on de-leveraging and its growth businesses," said analyst Stephanie Price. "TELUS Health saw 11% Y/Y revenue and EBITDA growth in Q1, with its strategic process ongoing."The bank thinks that outside of the growth businesses, the overall telecom environment remains competitive. Telus reiterated its 2026 guidance, but noted on the call that it expects to hit the lower end to midpoint of the service revenue and adj. EBITDA growth guides (both +2% to +4% Y/Y), with the Street already there, CIBC said.The bank said it will be watching for potential strategy changes with the leadership transition next quarter. CIBC forecast 2026 consolidated service revenue and adjusted EBITDA growth of 2.1% and 2.9%.Price: $17.17, Change: $-0.29, Percent Change: -1.66%

TELUS Target Eased To C$20 From $21, Keeps Outperform at National Bank As Q1 "In Line", Notes No Change To Guidance/Dividend, CFO Retiring June 30, Banking on Change in Q2

TELUS Target Eased To C$20 From $21, Keeps Outperform at National Bank As Q1 "In Line", Notes No Change To Guidance/Dividend, CFO Retiring June 30, Banking on Change in Q2

Telus Q1 Adjusted Earnings Edge Lower, But Beats Estimates

Telus (T.TO) reported Friday that first-quarter adjusted earnings edged lower but still beat forecasts.Adjusted net income, which most one-time items, contracted 8% to $356 million, or $0.23 per adjusted basic share, from $388 million, or $0.26 per share, in the prior year period. Analysts polled by FactSet had expected $0.22 per share.Consolidated operating revenue and other income edged down 1% to $5.0 billion, from $5.1 billion the year before, missing the $5.06 billion expected by analysts. Telus said higher consolidated service revenue growth of 1% was offset by lower Mobile equipment revenue and other income.The company reported total mobile and fixed customer growth of 262,000 driven by 12,000 mobile phone and 229,000 connected device net additions, along with 21,000 internet customer net additions, during the quarter.As of the end of the first quarter, healthcare lives covered in Telus Health were 169.6 million globally, up 93.1 million year over year. The increase also reflects the addition of 79.3 million lives covered from Telus' acquisition of Workplace Options last May. The company is reviewing strategic partnership opportunities for Telus and will use the proceeds from any monetization for deleveraging, chief executive Darren Entwhistle said.Telus will pay a regular quarterly dividend of $0.4184 per share on July 2, to shareholders of record on June 10.Telus separately announced that chief financial officer Doug French will retire on June 30. Gopi Chande, currently chief financial officer of Telus Digital and Telus Health, will assume the post on July 1. French will continue in an advisory capacity until July 31 and will chair the board of Telus' Terrion tower company.Telus shares were last seen down US$0.06, to US$12.84 in U.S. pre-market trading.

Earnings Flash (T.TO) TELUS Corporation Posts Q1 Adjusted EPS C$0.23 per Share, vs. FactSet Est of C$0.22

TELUS ELUS Announcing Retirement Of Chief Financial Officer Doug French and Appointment Of Successor Gopi Chande

Earnings Flash (T.TO) TELUS Corporation Reports Q1 Revenue C$5.01B, vs. FactSet Est of C$5.06B

TELUS Says Advancing Comprehensive Balance Sheet Deleveraging Strategy, Including Strategic Partnership Opportunities for TELUS Health

TELUS Reaffirming Key 2026 Financial Targets

TELUS Q1 Consolidated Operating Revenues and Other Income $5.0B, Vs $5.1B A Year Earlier

TELUS, Powerfleet Launch AI-powered Vision 360 Vehicle Safety Technology

TELUS (T.TO) has partnered with Powerfleet to bring advanced AI-driven vehicle safety technology to the Canadian market, the company said Thursday.The collaboration allows TELUS to introduce its Vision 360 safety solution to Canada. The product uses artificial intelligence and multiple cameras to provide commercial drivers with a complete, real-time view around their vehicle, helping prevent accidents.The partnership comes as Transport Canada implements a federal mandate requiring all new school buses to be equipped with perimeter visibility systems by November 2027."By partnering with Powerfleet to add Vision 360 to our connected fleet and asset portfolio, we're enhancing our telematics offering with AI-driven insights," said Jodi Baxter, vice-president of AI, wireless and Internet of Things at TELUS."This launch is a direct response to the needs of Canadian fleet owners who prioritize safety and operational efficiency," Baxter added.Price: $17.56, Change: $+0.01, Percent Change: +0.06%

TELUS Digital Expands in Asia-Pacific and Argentina to Support Growing Demand for AI Data Services and Digital Customer Experience

TELUS' (T.TO, TU) global technology division, TELUS Digital, "significantly" expanded its global delivery footprint for AI-powered CX, AI data services, and trust and safety solutions over the last nine months, it said on Wednesday.This growth, the company said, "strengthens" TELUS Digital's presence across the Asia-Pacific region, including Indonesia, Thailand, Vietnam and Malaysia, and extends its reach in Latin America with a new location in Argentina.The company has also expanded two existing sites in Bengaluru and Ahmedabad, India, and added a new site in Kolkata, bringing its presence in the country to eight sites across six cities.U.S.-listed shares of TELUS were last seen down 0.3% at US$12.56 in pre-market trading.

TELUS Digital Expanding in Asia-Pacific and Argentina to "Support Growing Demand for AI Data Services"

TSX Down 180 Points at Midday With Tech, Materials Sectors The Worst Performers

The Toronto Stock Exchange is down 180 points at midday, pulled lower by the technology and materials sectors, both down 4.0%.Celestica (CLS.TO), which reported a first-quarter earnings beat on Monday, is down 15% to $488.00 at midday.Energy and telecoms are the best performers, up 2.6% and 1.1%, respectively. Telus (T.TO) which earlier today announced a partnership with Technotree, is up 2.3% with over 4-million shares being traded. The Globe & Mail also reports that Telus was upgraded to buy, from hold at at TD Cowen.The federal government will table its spring economic update at 4:00 p.m. today with Prime Minister Mark Carney hinting at a rosier bottom line and smaller-than-forecasted deficits, CBC News reports. Budget watchers are expecting a lower deficit.In company news, Barrick Mining (ABX.TO) provided an update regarding the planned initial public offering of a minority stake of a new company that will hold its North American gold assets, the company said Tuesday. In reaction, National Bank said its outperform rating remains based on Barrick's discounted valuation, future advancement of Fourmile and the upcoming value realization of its North American assets. "Advancing exploration at Fourmile represents a significant value driver for the company and given the previously announced resolution of Loulo-Gounkoto in Mali, supports a further re-rating. With a retooled focus on growing gold production in the Americas (centered around Nevada) and continued operational improvements, we see the potential for more sustainable multiple expansion going forward," the bank added.

TELUS Launches AI Accelerator Program, Selects Albion to Deliver VAS Platform

TELUS (T.TO) launched a program with L-SPARK to allow high-potential Canadian startups and scaleups to build, train and deploy advanced AI solutions on Canada's fastest and most powerful sovereign AI supercomputer, TELUS said Tuesday.The TELUS Sovereign AI Accelerator will allow participants to gain access to the TELUS Sovereign AI Factory, paired with tailored business advisory support from L-SPARK.The combination will equip the startups to transform ambitious AI roadmaps into scalable, market-ready offerings that strengthen Canada's position in the global AI economy, TELUS said.Participating companies include Airy3D, Codalio, PataBid and TopoLift.Separately, TELUS selected Albion to deliver a next-generation value-added services (VAS) platform under a partnership with Tecnotree, with an initial deployment of a voicemail application.Under the engagement, Albion will deliver the solution leveraging Tecnotree's proven VAS and digital services platform, supporting TELUS' objectives to modernize service capabilities.As part of the deployment, Albion will provide end-to-end managed services, including platform operations, service assurance, and ongoing lifecycle management.Price: $17.00, Change: $+0.42, Percent Change: +2.53%

TELUS Upgraded to Buy at TD

TELUS Corp. (T.TO) was upgraded to Buy from Hold at TD Securities on Tuesday.Analyst Vince Valentini raised his price target on shares of the Canadian telecom company to $20 from $19."Subsequent to recent weakness in the share price, our intention had been to wait to see Q1 results on May 8 before considering an upgrade, but we see too many positives on three fronts to wait," Valentini said in a note to clients."We are not changing our forecasts or target multiples today (recall that both had been lowered in our April 2 downgrade note), but we have removed the 5% risk/uncertainty discount on our 2027E-based target, owing to better pricing discipline and thus increased confidence in our forecasts," the analyst said."Industry pricing discipline has improved recently, and we expect positive news over the next few months on capex and non-core asset sales."