Vancouver, BC — In a strategic move to strengthen its digital services footprint, Telus Corp. has announced its intention to reacquire full ownership of Telus International (Canada) Inc., the digital services arm it spun off in 2021.
The proposed transaction values the company—operating under the Telus Digital brand—at approximately US$940 million. Under the terms outlined in Telus’s non-binding proposal, shareholders would receive US$3.40 per share in the form of cash, Telus shares, or a combination of both, for the shares not already held by Telus.
Telus currently holds 57.4% of the outstanding shares, including a dominant 92.5% of the multiple voting shares and 6.1% of the subordinate voting shares. Based on these holdings, the offer represents a cash and stock transaction worth roughly US$400 million.
Telus International, which focuses on IT services and global customer experience solutions, originally launched its IPO at US$25 per share in 2021. Following news of the proposed reacquisition, the company’s stock jumped significantly—closing at US$3.67 on the NYSE and C$5.00 on the TSX, both well above the offer price.
Telus CEO Darren Entwistle emphasized that the deal aims to unlock greater value for customers and investors alike, stating that it aligns with Telus’s long-term digital strategy.
If approved, the acquisition would allow Telus to consolidate its digital and customer experience operations, reinforcing its commitment to delivering scalable, tech-driven solutions across global markets.
