US EditionTelus Signs Deal to Acquire Full Ownership of Telus Digital
Telus Corp. is paying US$539 million to reacquire Telus Digital and aims to strengthen AI and software capabilities after a significant share price decline since its 2021 IPO.
- Telus Inc. has signed an agreement to acquire full ownership of Telus Digital, its technology outsourcing affiliate, for US$539 million or US$4.50 per share.
- Telus Digital's share price has plummeted by over 90% since its 2021 IPO due to industry pressures and loss of major clients.
- The acquisition requires approval from at least two-thirds of Telus Digital shareholders and regulatory bodies.
23 Articles
23 Articles
Telus has signed an agreement to acquire the shares of Telus Numérique which it does not yet hold, for a total amount of US 539 million, thus reverting to its decision to split the company in 2021.
Winnipeg Free Press
Telus signs deal to acquire full ownership of Telus Digital
Breaking News, Sports, Manitoba, Canada
Telus announces definitive agreement to acquire full ownership of Telus Digital
Telus and Telus Digital (formerly known as Telus International) on Tuesday announced they have entered into a definitive agreement for Telus to acquire all of the outstanding multiple voting shares and subordinate voting shares of Telus Digital not already owned by Telus for US$4.50 per share, representing a total value of US$539 million. This follows Telus’s initial proposal... Read more »
Telus takes full control of digital subsidiary
Telus agreed to take full ownership of its digital unit in a deal worth $539 million, as it aims to sharpen its focus on AI and software transformation across a range of sectors including telecoms. The Canadian operator stated it had reached a cash and stock agreement with minority shareholders for the remaining stake it does not already own in the business, giving the unit an equity value of $1.3 billion. The total transaction value stands at a…
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