Telus to raise $1.3 billion in equity offer

VANCOUVER – Saying it will use the proceeds to “strategically bring forward transformational capital investments in broadband connectivity, including fibre and 5G, enhancing our industry-best customer experience, leading networks and competitive position,” Telus today announced a share sales deal which will bring in $1.3 billion. Officially, the company “entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and CIBC Capital Markets, and together with BMO Capital Markets, Scotiabank and TD Securities Inc. as joint book runners… pursuant to which the Underwriters have agreed to purchase from Telus, on a bought deal basis, and sell to...