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Telus hires financial advisers as it seeks partner for Telus Health business

On Jan. 8, 2026, TELUS Corporation engaged TD Securities Inc. and Jefferies Securities Inc. to advise on monetising TELUS Health, including evaluating potential strategic partnerships and all partnership structures.
Facing deleveraging targets, TELUS paused its dividend growth plan last year and is phasing out its discounted DRIP, aiming for net debt to EBITDA of 3.4-times in 2025.
TELUS Health serves more than 160 million lives across over 200 countries and territories and generated operating revenue $1.5-billion, adjusted EBITDA $258-million and cash flow $99-million in the first three quarters of 2025.
TELUS Corporation says a near-term monetisation could help deleverage its balance sheet and fund growth, and Darren Entwistle, President and CEO of TELUS, said `Our engagement of TD Securities and Jefferies demonstrates progress toward executing on the commitments we have made to the investment community...`.
The company warned that there can be no assurance the process will result in a transaction, any deal would require Board of Directors approval, and TELUS Corporation's history of past transactions complicates outcomes.

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TELUS engages TD Securities and Jefferies as financial advisors to support TELUS Health partnership and monetisation strategy

/CNW/ - TELUS Corporation ("TELUS") (TSX: T) (NYSE: TU) today announced it has engaged TD Securities Inc. and Jefferies Securities, Inc. as financial advisors...

2 days ago·United States

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