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TELUS and TELUS Digital Enter into a Definitive Arrangement Agreement for TELUS to Acquire Full Ownership of TELUS Digital

1. TELUS is acquiring TELUS Digital for US$539 million at US$4.50 per share.

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FAQ

Why Bullish?

This acquisition may enhance TELUS's market position and growth potential, similar to historical mergers that improved operational efficiencies and broadened service offerings.

How important is it?

The strategic acquisition is likely to boost TELUS's performance metrics, potentially leading to increased investor confidence and shareholder value.

Why Long Term?

The benefits from acquisitions often unfold over years as integrations and strategic expansions solidify market presence, just as seen with similar industry acquisitions.

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TIXTT
VANCOUVER, British Columbia--(BUSINESS WIRE)--TELUS Corporation (“TELUS”) (TSX: T, NYSE: TU) and TELUS International (Cda) Inc. (“TELUS Digital”) (NYSE & TSX: TIXT) today announced that they have entered into a definitive agreement for TELUS to acquire all of the outstanding multiple voting shares and subordinate voting shares of TELUS Digital not already owned by TELUS for US$4.50 per share, reflecting aggregate consideration of US$539 million. The transaction has received the unanimous re.

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