Telus Corporation

Who owns Telus Corporation?
Telus Corporation is publicly traded on TSX (T) and NYSE (TU). The company has a broad institutional and retail shareholder base with no single controlling shareholder. Darren Entwistle serves as President and CEO.

When was Telus founded?
Telus Corporation was formed in 1999 through the merger of BC Tel (British Columbia Telephone Company) and Telus (formerly Alberta Government Telephones). The predecessor companies trace their origins to the late 19th century.

What does Telus own?
Telus's major brands include Telus (consumer and business telecommunications), Koodo Mobile (value wireless), Public Mobile (budget wireless), Telus Health (health technology), and Telus Digital (digital IT services).

Is Telus publicly traded?
Yes, Telus Corporation is publicly traded on the Toronto Stock Exchange (TSX: T) and the New York Stock Exchange (NYSE: TU).

What is Telus Health?
Telus Health is Telus's health technology division, providing electronic medical records, pharmacy management, benefits administration, and other health IT services to healthcare providers and employers across Canada. It is one of Canada's largest health technology companies.

Telus Corporation traces its origins to two provincial telephone companies: BC Tel (British Columbia Telephone Company), which served British Columbia, and AGT (Alberta Government Telephones), which was privatized and renamed Telus in 1990.

BC Tel and Telus merged in 1999 to create the current Telus Corporation, combining the telephone companies serving British Columbia and Alberta into a single entity. The merger created a major Western Canadian telecommunications company.

Telus expanded nationally in 2000 when it acquired Clearnet Communications, a national wireless carrier, for approximately $6.6 billion. This acquisition gave Telus a national wireless network and established it as a major competitor to Rogers and Bell in the national wireless market.

Darren Entwistle became CEO in 2000 and has led Telus through its transformation from a regional telephone company into a national telecommunications and technology company. Under Entwistle, Telus has invested heavily in fiber optic networks, 5G wireless technology, and diversification into health technology and digital IT services.

Telus launched Telus Health in the 2010s, building a significant health technology business through acquisitions of electronic medical record companies, pharmacy management systems, and other health IT businesses. Telus Health has grown into one of Canada's largest health technology companies.

Telus launched Telus Digital (formerly Telus International) as a digital IT services and customer experience management company. Telus Digital went public on NYSE and TSX in 2021, though Telus Corporation retained a majority stake.

For fiscal year 2024, Telus reported revenue of approximately CAD 20 billion.

Telus has faced scrutiny regarding the high cost of telecommunications services in Canada, which are among the most expensive in the developed world. The Canadian Radio-television and Telecommunications Commission (CRTC) has imposed various regulations on Telus and other carriers to promote competition and affordability.

Telus Digital has faced criticism regarding its use of overseas labor for customer service and IT operations, with some critics arguing that the company is exporting Canadian jobs.

Telus has also faced labor disputes with its unionized workers, including a lengthy strike in 2005.