Telus Corporation (TU)

The company now

TELUS reported a net loss of $1.8 billion for the second quarter ended June 30, 2026, in results dated July 31, 2026 1. The loss came from a non-cash write-down of $2.1 billion tied to TELUS Digital, its customer-service and AI-data arm, because the unit's recoverable amount fell below its carrying amount 1.

Service revenue of $4.4 billion fell 1 percent 1. Adjusted EBITDA, a measure of operating earnings before interest, taxes and depreciation, fell 2 percent to $1.8 billion 1.

The board cut the quarterly dividend by 55 percent to an annualized $0.75 per share 1. The company expects about $2.7 billion in cumulative cash savings through 2028, directed toward debt reduction 1.

Net debt stood at 3.5 times adjusted EBITDA at quarter-end, and the company aims for about 3.0 times or lower by the end of 2028, a year later than first planned 1.

Victor Dodig became chief executive on July 1, 2026, after Darren Entwistle's 26-year tenure ended 2. A fuller capital returns framework is due with third quarter 2026 results in November 1.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.