TU | Market Cap: $16.5B (07/13/26)
Industry:
Telecom
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DESCRIPTION

TELUS is a Canadian telecom company that provides wireless and wireline broadband services to consumers, businesses, and the public sector. The core business, TTech, has two pillars: mobile and fixed. On mobile, TELUS sells postpaid and prepaid plans under three brands — premium TELUS, mid-tier Koodo, and discount Public Mobile — and had roughly 10.3 million mobile phone subscribers as of end-2025. On the fixed side, TELUS has built a fiber-to-the-premises network (PureFibre), originally in British Columbia and Alberta and now expanding into Ontario and Quebec, delivering internet, TV, home security, and voice services. TELUS makes money primarily through recurring monthly subscription fees, and profitability scales as TELUS adds subscribers to a largely fixed-cost network. TELUS emphasizes low churn and cross-selling multiple products per household — averaging roughly 3.4 products per home on fiber — as core drivers of lifetime value. Beyond the core telecom business, TELUS operates two notable units: TELUS Health, a global digital health and employee wellness business serving employers in over 200 countries, built largely through the 2022 LifeWorks acquisition; and TELUS Digital, a business process outsourcing and customer experience management company serving large global technology and financial services clients, which TELUS privatized in late 2025. TELUS is also pursuing fiber expansion east, 5G monetization, and asset sales — including towers, real estate, and copper — to support a deleveraging program.

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