TELUS Completes Privatization of TELUS Digital

TELUS Corporation and TELUS International (Cda) Inc., now operating as TELUS Digital, announced the completion of TELUS’ acquisition of all outstanding multiple voting and subordinate voting shares of TELUS Digital not already owned by TELUS, for US$4.50 per share in cash and/or TELUS common shares. The aggregate consideration is approximately US$539 million. Following the closing, TELUS owns 100% of TELUS Digital. TELUS stated the transaction positions the company as a global leader in AI‑powered digital customer experience and SaaS transformation across multiple industries, and will enable closer integration of digital solutions across telecommunications, health, agriculture and consumer goods, while supporting continued growth in TELUS Digital’s external client business. TELUS expects operational efficiencies of roughly $150 million annually from the combination. President and CEO Darren Entwistle said integrating TELUS Digital will accelerate AI‑driven platforms and SaaS innovation for customers in Canada and globally, while enhancing shareholder value.