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Telus Corporation
Type
Public
Traded as TSX: T (voting)
S&P/TSX 60 component
Industry Telecommunications
Founded 1990 (Edmonton, Alberta, Canada)
Headquarters Vancouver, British Columbia, Canada
Key people
Darren Entwistle, President and CEO
Doug French, CFO
Products HSPA+, LTE
Revenue Increase CAD$ 12.5 billion (2016)
Operating income
2.3 billion (2015)
Net income
1.38 billion (2015)
Number of employees
47,700 (2015)
Divisions
  • Telus Internet
  • Telus Mobility
  • Telus TV
Subsidiaries
  • Public Mobile
  • Koodo Mobile
Website www.telus.com

Telus Corporation (stylized as TELUS) is a Canadian national telecommunications company that provides a wide range of telecommunications products and services including internet access, voice, entertainment, healthcare, video, and IPTV television. The company is based in the Vancouver, British Columbia area; it was originally based in Edmonton, Alberta, before its merger with BCTel in 1999. Telus's wireless division, Telus Mobility, offers HSPA+, and LTE-based mobile phone networks. Telus is the incumbent local exchange carrier in British Columbia and Alberta. Telus's primary competitors are Shaw Communications (in the western provinces), and Bell Canada and Vidéotron (in Quebec).

Telus is a member of the British Columbia Technology Industry Association.

Telus company was formed in 1990 by the government of Alberta as Telus Communications, a holding company, in order to facilitate the privatization of a crown corporation, the Alberta Government Telephones Commission (AGT). In 1995, it acquired Edmonton Telephones Corporation (Ed Tel) from the City of Edmonton making Telus the sole provider of telephone service in Alberta. In 1996, Telus was introduced to the public as the consumer brand, replacing both AGT and EdTel.

In 1998, Telus and BCTel announced a proposed merger. The merger was completed in 1999, with the corporate name slightly modified to Telus Corporation. While the merged company chose to retain the Telus name, it moved its headquarters from Edmonton to Vancouver. The merger created Canada's second largest telcom, with 22% of market share compared to Bell Canada's 42%.

Large swaths of rural Quebec, mainly the Gaspé Peninsula and the north shore, were served from 1927 by an entity known as Corporation de Téléphone et de Pouvoir de Québec, and in 1955, this became known as Québec Téléphone. In 1966, the Anglo-Canadian Telephone Company, a subsidiary of General Telephone and Electronics of Stamford, Connecticut (later GTE), became a majority shareholder in Québec Téléphone. Anglo-Canadian also owned BCTel, and GTE (later merged into Verizon) also owned services in Barbados, Dominican Republic, Jamaica, and Trinidad and Tobago. In 1997, Groupe QuébecTel was established to own Québec Téléphone. Following the merger of BCTel with Telus of Alberta, GTE sold its interests in Québec Téléphone to Telus in August 2000, which renamed it Telus Québec on April 2, 2001.

In late 2004, American telecom Verizon Communications sold its 20.5% stake in Telus. This was so that Verizon could focus more on its own services.

After the Telus-BCTel merger, unionized employees voted to certify the Telecommunications Workers Union (TWU) as the sole bargaining agent for the expanded company's workforce. The TWU had previously been the union representing BCTel employees - it replaced the International Brotherhood of Electrical Workers (IBEW) in Alberta. A labour dispute between Telus and the TWU began after the previous contract, negotiated with BCTel before the Telus merger, expired at the end of 2000. After Telus made its final offer to the TWU it informed the union of its intention to bring an end to the dispute by unilaterally implementing its April 2005 offer to employees in Alberta and British Columbia. The next day the union went on strike, although (as is common in disputes where an employer attempts to unilaterally implement a new contract) the union consistently referred to the dispute as a "lockout."

On July 25, 2005, Telus blocked its Internet subscribers from accessing a website supporting striking union members. The company expressed concerns over content on the site, saying it identified employees crossing picket lines and encouraged disruptive behaviour, while the union alleged it amounted to censorship. The British Columbia Civil Liberties Association issued an official objection to the unilateral blocking on July 26, stating "Telus is leveraging its power as a telecommunications service provider to censor a specific group, shut down debate and limit the messages conveyed about the current labour dispute". An Alberta court injunction ordered the blocked website, Voices For Change, to remove postings of "Telus employee photos" and other "intimidating or threatening material". The site owner agreed to comply and Telus unblocked the website. Telus and the TWU ratified a tentative agreement on November 18, 2005, ending the dispute.

Telus International is Telus’ global arm, providing global contact center and business process outsourcing services to corporations in the financial services, consumer electronics and gaming, telecommunications, energy and utilities industries.

Telus International has contact centers in the Philippines, the United Kingdom, Central America (Guatemala and El Salvador), and Eastern Europe (Bulgaria and Romania), where it is known as Telus International Europe

In April 2011, Telus Mobility relaunched the Clearnet brand as a limited market trial in Kelowna, British Columbia, and Red Deer, Alberta. The company again closed to new business in June 2012.

In February 2013, Telus exchanged all non-voting shares into common shares on a one-for-one basis.

In October 2013, Telus acquired minor mobile phone provider Public Mobile and relaunched it in 2015 as a "value brand" MVNO on the Telus network.

In October 2008, Telus was named one of British Columbia's Top Employers by Mediacorp Canada Inc., which was announced by The Vancouver Sun, The Province and the Victoria Times-Colonist.

In recent years, the company has been accused of taking actions to hinder the emergence of competition in Canadian telecommunications. This, along with other industry concerns, has led to consumer and industry pressure to reform the regulatory system governing the Canadian telecommunications industry.

For the Christmas season in 2005, an ad campaign was launched involving a hippopotamus named Hazina from the Greater Vancouver Zoo, accompanied by the song "I Want a Hippopotamus for Christmas". On May 31, 2006, the zoo was formally charged with animal cruelty for their treatment of Hazina. Telus spokesman Shawn Hall said Telus was aware that concerns had been raised around Hazina's living conditions, which is why it stipulated that the $10,000 it paid the zoo for using Hazina go directly toward building a new enclosure for her.

Telus sponsors the Calgary Science Centre, Science World in Vancouver, and the Odyssium in Edmonton; Both Vancouver and Edmonton science museums were subsequently renamed as Telus World of Science and Calgary was renamed to Telus Spark. Telus funds the annual Kokanee Crankworx freeride mountain bike and World Ski & Snowboard festivals, both held in Whistler, British Columbia.

Telus was a sponsor and marketing partner of Hockey Canada since 2004 and the title sponsor of Canada's national midget hockey championship, the Telus Cup, since 2005. Telus has been a sponsor of Rogers Sportsnet's regional broadcasts of Calgary Flames and Edmonton Oilers games. Telus is active in Canadian professional golf as title sponsor of the Telus Open and the Telus Skins Game.

Telus is the namesake tenant in several office buildings, including The Telus Convention Centre in Calgary, Tour Telus in Montreal, Telus Plaza in Edmonton and Telus House in Toronto.

Beginning in 2014, Telus began sponsoring Canada's largest nationwide technology education event: The HTML500.

More than 400,000 television service subscribers.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2021 2022-11-03 Future report Set alerts
Q2 2021 2022-08-05 Future report Set alerts
Q2 2022 2022-07-28 Future report Set alerts
Q1 2022 2022-05-05 Future report Set alerts
Q4 2021 2022-02-10 0.23 0.23
Q1 2021 2021-05-07 0.27 0.27
Q4 2020 2021-02-11 0.22 0.22
Q3 2020 2020-11-05 0.00 0.00
Q2 2020 2020-07-31 0.25 0.23
Q1 2020 2020-05-07 0.32 0.28

Ratings

2016-05-16 Reiterated Rating Canaccord Genuity Hold
2016-05-03 Reiterated Rating Canaccord Genuity Hold
2016-04-06 Downgrade National Bank Financial Outperfrom Under Weight to Sector Perform Under We
2016-03-23 Downgrade TD Securities Buy to Hold
2016-02-15 Reiterated Rating Jefferies Outperform $43.00 to $41.00
2016-02-15 Reiterated Rating Jefferies Group Outperform $43.00 to $41.00
2016-02-14 Reiterated Rating TD Securities Buy $45.00 to $44.00
2016-02-12 Lower Price Target Barclays Overweight $34.00 to $33.00
2016-02-12 Lower Price Target Barclays PLC Overweight $34.00 to $33.00
2016-02-11 Reiterated Rating Canaccord Genuity Buy to Hold
2016-02-02 Lower Price Target Barclays Overweight $36.00 to $34.00
2016-01-26 Upgrade Macquarie Neutral to Outperform
2016-01-11 Downgrade Desjardins Buy to Hold
2015-12-22 Reiterated Rating BMO Capital Markets Market Perform
2015-12-18 Downgrade Scotiabank Outperform to Sector Perform
2015-12-17 Downgrade RBC Capital Outperform to Sector Perform $47.00 to $41.00
2015-12-17 Reiterated Rating Desjardins Hold
2015-12-17 Downgrade Howard Weil Outperform to Sector Perform
2015-12-17 Downgrade Royal Bank Of Canada Outperform to Sector Perform $47.00 to $41.00
2015-12-04 Initiated Coverage Goldman Sachs Neutral
2015-12-04 Initiated Coverage Goldman Sachs Group Inc. Neutral
2015-11-09 Reiterated Rating Scotiabank Outperform $47.00 to $45.00
2015-11-06 Lower Price Target RBC Capital Outperform $48.00 to $47.00
2015-11-05 Reiterated Rating Canaccord Genuity Hold
2015-08-10 Downgrade Canaccord Genuity Buy to Hold
2015-08-10 Boost Price Target RBC Capital Outperform $45.00 to $46.00
2015-08-03 Lower Price Target Barclays Overweight $39.00 to $36.00
2015-07-16 Reiterated Rating Canaccord Genuity Buy
2015-06-15 Initiated Coverage Canaccord Genuity Buy
2015-05-25 Upgrade TD Securities Hold to Buy $47.00
2015-05-08 Boost Price Target JPMorgan Chase & Co. Neutral $44.00 to $45.00
2015-05-08 Boost Price Target Barclays Overweight $38.00 to $39.00
2015-05-06 Upgrade Scotiabank Sector Perform to Sector Outperform
2015-02-13 Reiterated Rating Scotiabank Sector Perform
2015-02-13 Lower Price Target Barclays Overweight $40.00 to $38.00
2015-02-11 Set Price Target Canaccord Genuity Buy $48.00
2014-11-20 Initiated Coverage Citigroup Inc. Buy $49.00
2014-11-07 Reiterated Rating Barclays Overweight $38.00 to $40.00
2014-08-08 Boost Price Target JPMorgan Chase & Co. Neutral C$40.00 to C$42.00
2014-07-07 Downgrade Bank of America Buy to Neutral
2014-07-07 Downgrade Bank of America Corp. Buy to Neutral
2014-06-20 Initiated Coverage Global Maxfin Capital Hold
2014-06-05 Downgrade TD Securities Buy to Hold $45.00
2014-05-09 Boost Price Target RBC Capital Outperform C$39.00 to C$40.00
2014-05-09 Boost Price Target Barclays Overweight C$41.00 to C$42.00
2014-05-09 Boost Price Target CSFB Outperform C$42.00 to C$44.00
2014-05-02 Boost Price Target National Bank Financial Outperform C$40.00 to C$41.00
2014-04-14 Downgrade Scotiabank Outperform to Sector Perform
2014-04-03 Downgrade Macquarie Outperform to Neutral
2014-03-25 Downgrade Morgan Stanley Overweight to Equal Weight $40.00
2013-11-06 Initiated Coverage Barclays Overweight
2013-09-23 Upgrade Morgan Stanley Equal Weight to Overweight
2013-09-20 Initiated Coverage JPMorgan Chase & Co. Neutral
2010-12-15 Reiterated RBC Capital Mkts Sector Perform $48 to $50
2009-04-13 Downgrade Credit Suisse Outperform to Neutral
2008-12-17 Reiterated RBC Capital Mkts Sector Perform $44 to $40
2008-08-22 Upgrade UBS Neutral to Buy
2008-03-18 Downgrade Citigroup Hold to Sell
2007-12-14 Upgrade Canaccord Adams Hold to Buy
2007-11-30 Downgrade RBC Capital Mkts Outperform to Sector Perform
2016-05-16 Reiterated Rating Canaccord Genuity Hold
2016-05-03 Reiterated Rating Canaccord Genuity Hold
2016-04-06 Downgrade National Bank Financial Outperfrom Under Weight to Sector Perform Under We
2016-03-23 Downgrade TD Securities Buy to Hold
2016-02-15 Reiterated Rating Jefferies Outperform $43.00 to $41.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks