TELUS Corporation completed its acquisition of TELUS Digital on October 31, 2025, paying $4.50 per share in cash and shares for a total consideration of approximately $539 million, giving TELUS 100 % ownership of the digital‑customer‑experience company.
The transaction was structured with the issuance of 1,849,374 TELUS shares and $508,970,041.54 in cash. Shareholder approval was obtained on October 27, 2025, and a Supreme Court order on October 29, 2025, cleared the deal for completion.
TELUS Digital reported Q2 2025 revenue of $699 million, a net loss of $272 million, and adjusted EBITDA of $94 million, representing a margin of 13.4 % versus 19.9 % in Q2 2024. The company’s AI‑related business accounted for roughly 15 % of its revenue. Prior to the acquisition, TELUS owned 100 % of TELUS Digital’s multiple‑voting shares and 5.4 %–6.0 % of its subordinate voting shares, representing 86.9 %–92.7 % of total voting rights.
The acquisition gives TELUS full control of TELUS Digital’s digital‑customer‑experience platform and accelerates the integration of its AI and SaaS capabilities across TELUS’s telecommunications, health, agriculture, and consumer‑goods segments. The purchase price of $4.50 per share represents a 52.0 % premium over TELUS Digital’s unaffected closing price on June 11, 2025, and a 62.6 % premium over the 30‑day volume‑weighted unaffected average price prior to June 12, 2025.
Shareholder support for the transaction was unanimous, with the special committee of independent directors and the board of directors recommending approval. Independent proxy advisory firm ISS also recommended a vote in favor. Following the acquisition, TELUS Digital’s subordinate voting shares will be delisted from the TSX and NYSE, and the company will cease to be a reporting issuer.
TELUS expects the integration to generate approximately $150 million in annual cash synergies from operational efficiencies, AI‑driven automation, and cross‑promotion of services across its broader ecosystem.
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