Sale of infrastructure also not out of the cards
By Ahmad Hathout
Bell’s chief financial officer said Thursday that leasing internet from Telus in western Canada is not out of the cards, but that owning the infrastructure is preferred for cash flow.
“It’s an opportunity for sure,” Curtis Millen said during a conference hosted by CIBC when asked about using Telus’s network in areas Bell doesn’t operate in. “We’ve had plenty of time to think about this.”
Bell, unlike Telus, is opposed to the CRTC policy of allowing the three largest telecoms to use the wholesale internet regime because the…
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Telus on Wednesday announced the opening of its Sovereign AI Factory in Rimouski, Quebec.
Now operational and serving customers, the secure facility is powered by NVIDIA graphic processing units (GPUs), computing infrastructure designed by HPE, Telus’s PureFibre network and 99-per-cent renewable energy, according to a Telus press release.
“Today marks a defining milestone for Canada’s digital future,” Darren Entwistle, Telus president and CEO, said in a statement. “Indeed, with the launch of our nation’s first fully Sovereign AI Factory in Rimouski, we are maximizing Canadian autonomy over sensitive data. Businesses,…
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Telus announced last week Telus PureFibre services will soon be available to 95 per cent of the homes and businesses in Sylvan Lake, Alberta, thanks to a $40-million investment by F3 Networks, a Calgary-based dark fibre solutions provider.
F3 Networks will own the fibre-to-the-premise network infrastructure serving the community and AFL is the primary construction contractor on the project. Telus said residents and businesses can expect to see construction notices and communications from F3 Networks and AFL in the coming weeks. Once the project is complete, Telus will engage with newly connected residents and…
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Telus announced Thursday it has closed a deal that will see the country’s second-largest pension fund purchase a 49.9-per-cent equity stake in Terrion LP, a company with a portfolio of nearly 3,000 Telus wireless towers.
The deal with La Caisse for $1.26 billion, announced last month, means the telco will be able to reduce its net debt by that amount, which was the intended outcome. The transaction values Terrion at $2.5 billion.
The new company will manage the tower sites across British Columbia, Alberta, Ontario and Quebec and will generate money through wholesale rental. Telus will retain full…
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Rogers claims the telco failed to comply with its ad rules
By Ahmad Hathout
Telus is alleging Rogers is refusing to allow the telco to advertise on the cable company’s valuable media properties in a move it says is harming its ability to compete.
The Part 1 application – dated June 9 but only made public on the CRTC website Tuesday – claims the issues started with Rogers refusing “on extremely short notice” to run two Telus ad campaigns on Rogers’s radio stations in November 2024, despite over 30 years of ad inventory purchases. Those cancellations have allegedly “grown into a blanket…
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Telus and Telus Digital (formerly known as Telus International) on Tuesday announced 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, representing a total value of US$539 million.
This follows Telus’s initial proposal in June to purchase all outstanding shares of Telus Digital for US$3.40 per share, which at the time Telus said represented a premium of approximately 15 per cent to Telus…
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Rogers announced Thursday it is offering Xfinity customers Netflix, Disney+ and Apple TV+ in one plan for a lower price than if purchased separately.
The cable giant said customers seeking to add the new Rogers Xfinity StreamSaver plan to their internet or TV packages are looking at $22 per month, saving more than 30 per cent compared to the $32 they would spend if they purchased each streaming service separately. The plan is also available as a standalone option and is already included in the Ultimate TV plan.
The savings are based on a before-tax Netflix with ads plan at $8…
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Telus Fund, a Certified Independent Production Fund that administers Telus’s financial contributions in support of Canadian content promoting health and well-being, announced Wednesday it has appointed media executive Leah Camenzind as its new executive director.
She succeeds Elizabeth Friesen, who is retiring after more than 12 years at the helm of Telus Fund since its inception in 2013.
“Camenzind brings a proven track record of launching, leading, and transforming film funds, with deep expertise at the intersection of storytelling, impact, and strategic investment in Canadian content,” reads a Telus Fund announcement. “Her appointment signals an…
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Telus announced Wednesday it has partnered with Korean budget telecom provider FreeTelecom to launch the FreeTelecom Dual Plan, allowing customers to access both Korean and Canadian mobile services on a single device.
Calling it “an industry-first mobile solution,” Telus said in a press release the service offers significant cost savings compared to traditional international roaming. Built on Telus’s network, the service “addresses the unique connectivity needs of Korean residents, working holiday, students, and business travelers who spend time in both countries,” Telus said.
This strategic partnership with Telus makes FreeTelecom the first Korean…
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Telus’s strategic investment arm Telus Global Ventures announced last week its participation as lead investor in workplace mental health platform Unmind’s recent US$35-million round of investment.
This funding will support London, U.K.-headquartered Unmind’s continued U.S. expansion, offering employees therapy, advanced wellbeing tools, science-backed content, and AI coaching in one seamless platform, according to an Unmind press release.
“Our investment in Unmind represents a strategic alignment with TELUS’ leading global vision for the future of workplace mental health,” said Terry Doyle, managing partner at Telus Global Ventures, in a statement. “Unmind’s product-led approach,…
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