Telus Corporation plans to acquire complete control over Telus Digital by purchasing all remaining shares.
VANCOUVER - Telecommunications giant, TELUS Corp, is gunning for full ownership of TELUS International (Cda) Inc., a spin-off company valued at roughly US$940 million. honey, this ain't no passive interest - TELUS is offering a whopping US$3.40 per share in cash, TELUS shares, or a mix of both for the outstanding shares it doesn't already own.
That's a premium of around 15% over TELUS Digital's closing share price on the NYSE on June 11, 2025, and about a 23% premium over its 30-day volume weighted average trading price. Y'all do the math, but it sure looks like a lucrative deal for TELUS Digital shareholders.
If the proposed deal goes through, TELUS Digital, the company that provides IT services and customer service to global clients, will become a fully-owned subsidiary of TELUS. According to industry sources, this buyback could supercharge TELUS' AI and SaaS business transformation.
Fun fact: TELUS already owns about 57.4% of TELUS International's outstanding shares but is eyeing that full ownership to complete the takeover. A special committee of independent directors at TELUS International is currently reviewing the proposal.
This report by The Canadian Press was first published June 12, 2025.
With this proposed deal, TELUS Corp's business expansion will potentially extend into the field of technology, specifically AI and SaaS, through the acquisition of TELUS International (Cda) Inc. This move in finance could significantly boost TELUS' capability in providing IT services and customer support to global clients.
