TELUS Corporation completed the acquisition of TELUS Digital on 31 October 2025, paying $4.50 per share for a total transaction value of $539 million and acquiring 100 % ownership of the digital‑experience business.
The deal was financed with a combination of cash and shares: TELUS issued 1,849,374 common shares and paid $508,970,041.54 in cash to TELUS Digital shareholders, who had the option to receive cash, shares, or a mix. Shareholder approval was obtained at a special meeting on 27 October 2025, and the Supreme Court of British Columbia granted final approval on 29 October 2025.
Strategically, the acquisition consolidates TELUS’s digital capabilities and accelerates its AI‑driven SaaS transformation across its telecom, health, agriculture, and consumer‑goods segments. The integration is expected to enhance customer experience, unlock new revenue streams, and position TELUS more competitively in the Canadian telecommunications market.
Financially, TELUS Digital reported Q4 2024 revenue of $2.658 billion, a 2 % decline year‑over‑year, and a net loss of $54 million. TELUS’s Q4 2024 consolidated operating revenue was $5.4 billion, up 3.5 % year‑over‑year, with a robust operating margin in its TTech segment and solid performance in TELUS Health and Agriculture.
The acquisition is projected to generate approximately $150 million in annual synergies through operational efficiencies, AI‑driven automation, and cross‑selling opportunities. Management noted that integration challenges and competitive pressures in the digital services market could moderate the pace of synergy realization.
Shareholder consideration details include the option for TELUS Digital shareholders to receive cash, TELUS common shares, or a combination, with proration provisions to limit the number of shares issued. The transaction structure and court approvals were finalized in accordance with regulatory requirements.
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