Cable & Telecom

Telus sells financial solutions business for $500M

VANCOUVER and TORONTO — Telus Corporation announced today the sale of its financial solutions business to Dye & Durham, a Toronto-based provider of cloud-based software and technology solutions for the legal community, business professionals, governments and financial institutions. The transaction, which closed today, is valued at $500 million, according to a Telus press release. Net proceeds from the transaction “will be used to support strategic growth investments including connecting more homes and businesses to our leading PureFibre network, advancing our 5G network build and investments to support enhancing new areas of growth including our offerings to small and medium sized...