TELUS Reports Third Quarter 2026 Results, Demonstrates Continued Discipline in Core Telecom; Advances Transformation Strategy

TELUS Reports Third Quarter 2026 Results, Demonstrates Continued Discipline in Core Telecom; Advances Transformation Strategy VANCOUVER, BC, Nov. 6, 2026 /CNW/ -- TELUS Corporation (TSX: T) (NYSE: TU) today released its unaudited results for the third quarter ended September 30, 2026. The Company is advancing a comprehensive Transformation Strategy to fund debt reduction and growth investment in core telecom and AI infrastructure.

Third quarter 2026 highlights

"Since our second quarter earnings call, our core telecom business has shown clear signs of stabilization and we have made important progress on the execution of our Transformation Strategy," said Victor Dodig, President and Chief Executive Officer. "Our strategy has one clear objective: returning TELUS to a leading communications and AI infrastructure player in Canada. We've identified specific levers to structurally transform TELUS, and we're moving with clarity and urgency to strengthen our financial foundation, hone our operational discipline and control costs, and deploy resources to drive profitable and sustainable growth and returns."

"To this end, we are launching a multi-year efficiency program targeting approximately $900 million in annualized cash savings exiting 2028, which will support balance sheet deleveraging and sustainable profitability for the long term. I am confident that our Transformation Strategy will establish TELUS as a leaner, more focused business better positioned to deliver sustainable, profitable growth and long-term shareholder value," concluded Mr. Dodig.

"Our third quarter results are in line with the expectations we set in July, and we are reaffirming our full-year 2026 annual targets," said Gopi Chande, Chief Financial Officer. "The efficiency program we announced today is expected to structurally improve our earnings power and free cash flow, giving us the flexibility to reduce debt while continuing to invest in the business. Together with the dividend reset, and removal of the DRIP discount that we announced in July, coupled with our active asset monetization program, our plan creates a clear path to achieving our net debt to Adjusted EBITDA leverage target of 3.0-times or lower by year-end 2028."

Transformation Strategy Progress

In July 2026, TELUS announced a comprehensive Transformation Strategy designed to structurally improve earnings and free cash flow while strengthening its balance sheet. The program is underpinned by three operational and financial priorities: 1) strengthen our financial foundation; 2) hone our operational discipline and control costs; and 3) deploy resources to drive profitable and sustained growth and returns.

The Transformation Strategy balances near-term cash generation with long-term growth investments, positioning TELUS to achieve a leverage ratio of 3.0-times or lower by year-end 2028, while maintaining investment-grade credit ratings and supporting sustainable profitability.

Today, TELUS is announcing several Transformation Strategy updates: collectively, these efforts are focused on reducing debt and interest costs, strengthening our balance sheet, and supporting profitable growth in the long term.

Strengthen our financial foundation

TELUS is advancing its assessment of the Global Platform Businesses portfolio to unlock value from the monetization of non-core assets. Within this portfolio, TELUS' near-term priority is on TELUS Health and TELUS Agriculture & Consumer Goods.

Hone our operational discipline and control costs

TELUS launched an efficiency program targeting annualized cash savings of approximately $900 million exiting 2028. The multi-year program will be driven by operational cost and margin improvements, and capital efficiency. Approximately 80 per cent of the cash savings will come from core Telecom and the balance from Global Platform Businesses. In Telecom, the program focuses on improving customer care, customer growth and improving revenue per product, optimizing the channel experience between physical and digital, procurement optimization, and network and field force efficiency.

Deploy resources to drive profitable, sustained growth and returns

Strategically investing in organic growth in core Telecom assets in Canada, including continuing to expand its PureFibre network, into high-return, underserved markets in urban and suburban communities where it can quickly drive strong penetration gains and product intensity. TELUS' PureFibre network is a highly valuable asset and a critical differentiator across its business. It strengthens its competitive position in the markets it serves and AI infrastructure more broadly. It is also the foundation for meeting one of the fastest-growing sources of demand in the economy: AI infrastructure.

TELUS is positioning itself as a leader in Canada's emerging AI infrastructure market by leveraging its PureFibre network to provide connectivity solutions to purpose-built data centres not owned by TELUS, and is building sovereign AI capabilities for Canadian businesses and government. These two initiatives are near-term priorities, while the Company is exploring a third initiative in data centre shells with already secured power. This opportunity will be through partnerships, as TELUS will deploy capital with discipline while balancing its commitments to balance sheet deleveraging and free cash flow growth.

TELUS Appoints Marc Allera and Bill Thomas to the Board of Directors, effective January 1, 2027

Mr. Allera has three decades of global telecommunications and executive leadership experience. Based in London, UK, he served as CEO of EE and BT Group's Consumer Division from 2016 to 2025, where he oversaw nearly 30 million customer connections and led the rollout of 5G and fibre networks. Prior to BT Group, Mr. Allera held senior executive roles including CEO of EE, a joint venture between Deutsche Telekom and France Télécom, and Chief Commercial Officer at Three UK. He currently serves as Chair of CVC's Global Sport Group and Jagex.

Mr. Thomas is the former Global Chair and CEO of KPMG International, leading over 265,000 professionals across 143 countries and territories. He currently serves on the Board of Directors of Bank of America and previously served as Chair of KPMG's Americas region from 2014 to 2017 and as CEO and Senior Partner of KPMG in Canada from 2009 to 2016. A recipient of the Queen Elizabeth II Diamond Jubilee Medal and a Catalyst Canada Honours Champion, Mr. Thomas served on the International Integrated Reporting Council, the Business Roundtable, the International Business Council, and the Sustainable Markets Initiative. Originally from Vancouver, he holds a Bachelor of Science from the University of British Columbia and began his career at KPMG in 1990. He also maintains a residence on Salt Spring Island.

Third quarter 2026 financial results overview

Consolidated operating revenues and other income were $5.0 billion, compared with $5.1 billion in the prior year, reflecting lower other income, a consolidated service revenue decline of 1 per cent, as well as lower equipment revenue. Consolidated service revenue declined as growth in our core telecom business, including mobile network and fixed data services revenue, was offset by TELUS Digital. See 'Third quarter 2026 operating highlights' within this news release for a discussion on TELUS' reportable segment results for TTech, TELUS Health and TELUS Digital.

In the quarter, TELUS recognized a non-cash impairment of $800 million relating to TELUS Health, as the recoverable amount of the TELUS Health cash-generating unit was less than its carrying amount as at September 30, 2026. See Note 18(b) of the interim consolidated financial statements for additional details.

TELUS recognized a net loss of $660 million and a basic loss per share of $0.42, reflecting the after-tax impacts of a decline in Operating income and greater Financing costs. When excluding certain costs and other adjustments (see 'Reconciliation of adjusted Net income' in this news release), compared to the same period last year, adjusted Net income of $251 million decreased by 32 per cent, while adjusted basic EPS of $0.16 was down 33 per cent. Adjusted Net income is a non-GAAP financial measure and adjusted basic EPS is a non-GAAP ratio. For further explanation of these measures, see 'Non-GAAP and other specified financial measures' in this news release.

Compared to the same period last year, consolidated EBITDA decreased by 12 per cent to $1.5 billion. Adjusted EBITDA declined by 5 per cent to $1.8 billion reflecting TELUS Digital performance and the non-recurrence of real estate gains and other operating expense reductions recorded in the prior period. Excluding these one-time items, Adjusted EBITDA decreased by 2 per cent. See 'Third quarter 2026 operating highlights' within this news release for a discussion on segmented Adjusted EBITDA results.

TTech subscriber base of 18.3 million connections increased by 6 per cent over the past 12 months, with mobile phone subscribers up 1 per cent to 10.4 million, connected devices up 22 per cent to 5.1 million, and internet subscribers up 2 per cent to 2.8 million.

Cash provided by operating activities of $1.5 billion decreased by 1 per cent. Free cash flow of $396 million decreased by 35 per cent compared to the same period a year ago, largely driven by lower EBITDA and increased capital expenditures.

Consolidated capital expenditures of $701 million increased by 8 per cent in the third quarter of 2026. Capital expenditures in support of TTech operations of $619 million increased by $85 million, primarily from greater capital investments in developing new facilities and expanding network infrastructure builds to meet growing industry demand. TELUS Health capital expenditures of $52 million decreased by $4 million, largely driven by decreased investments in business acquisitions. TELUS Digital capital expenditures of $41 million remained largely unchanged.

Consolidated financial highlights

C$ millions, except footnotes and unless noted otherwise

Three months ended

September 30

Per cent

(unaudited)

2026

2025

change

Operating revenues (arising from contracts with customers)

5,020

5,067

(1)

Operating revenues and other income

5,026

5,106

(2)

Total operating expenses

5,274

4,364

Net income (loss)

(660)

431

n/m

Net income (loss) attributable to common shares

(667)

493

n/m

Adjusted Net income (1)

251

370

(32)

Basic EPS ($)

(0.42)

0.32

n/m

Adjusted basic EPS (1) ($)

0.16

0.24

(33)

EBITDA (1)

1,549

1,753

(12)

Adjusted EBITDA (1)

1,760

1,862

(5)

Capital expenditures (2)

(701)

(652)

Cash provided by operating activities

1,485

1,493

(1)

Free cash flow (1)

396

611

(35)

Telecom subscriber connections (3) (thousands)

18,329

17,214

Healthcare lives covered (millions)

154.5

160.6

(4)

Notation used in the table above: n/m – not meaningful.

(1)

These are non-GAAP and other specified financial measures, which do not have standardized meanings under IFRS Accounting Standards and might not be comparable to those used by other issuers. For further definitions and explanations of these measures, see 'Non-GAAP and other specified financial measures' in this news release.

(2)

Capital expenditures include assets purchased, excluding right-of-use lease assets, but not yet paid for, and consequently differ from cash payments for capital assets, excluding spectrum licences, as reported in the consolidated financial statements. Refer to Note 31 of the interim consolidated financial statements for further information.

(3)

The sum of active mobile phone subscribers, connected device subscribers and internet subscribers, measured at the end of the respective periods based on information in billing and other source systems. Effective January 1, 2026, with retrospective application to January 1, 2025, we have revised our subscriber reporting to apply a product-intensive focus on our core bundling foundation of mobility and internet and thus will no longer report TV, security and automation and residential voice subscribers. This change concentrates our disclosure on our core bundling foundation and enables us to better serve our customers, while supporting the migration from legacy products and services to integrated IP streaming, mobile-first connectivity, and smart home solutions. Effective January 1, 2026, we made certain subscriber adjustments on a prospective basis, reducing our subscriber base for mobile phones (18,000), connected devices (78,000) and internet (30,000). See Section 5.4 in our third quarter 2026 MD&A for further details.

Third quarter 2026 operating highlights

TELUS technology solutions (TTech)

Mobile products and services

Fixed products and services

Agriculture and consumer goods services

TELUS Health

TELUS Digital

2026 Financial Outlook

TELUS is reaffirming its full-year 2026 guidance as updated with its second quarter results on July 31, 2026.

2026 Guidance

Consolidated service revenue growth

Flat to (2%)

Consolidated Adjusted EBITDA growth

(2%) to (4%)

Capital expenditures 1

Approximately $2.6 billion

Free cash flow

Approximately $1.8 billion

1 Includes approximately $75 million targeted towards real estate development initiatives.

Please see 'Caution regarding forward-looking statements' below for a description of the assumptions on which our financial outlook is based and the risks that could cause our actual results to differ materially from this outlook.

Dividend declaration

The TELUS Board of Directors declared a quarterly dividend of $0.1875 per share on the issued and outstanding Common Shares of the Company payable on January 4, 2027, to holders of record at the close of business on December 11, 2026.

Corporate and community highlights

TELUS continues to make significant contributions to the Canadian economy and the communities it serves. In the first nine months of 2026, TELUS paid, collected and remitted approximately $1.8 billion in taxes and regulatory fees to federal, provincial and municipal governments, invested $2.0 billion in capital expenditures primarily in communities across Canada, disbursed spectrum renewal fees in excess of $53 million to Innovation, Science and Economic Development Canada, and generated a total team member payroll of $2.9 billion. Since 2000, TELUS has remitted more than $51 billion in total taxes and spectrum fees and invested over $60 billion in Canadian infrastructure.

Since 2005, the TELUS Community Boards and the TELUS Friendly Future Foundation have supported 36.4 million youth worldwide, granting more than $158 million across 11,900 charitable initiatives, including $9 million benefiting 346,000 youth in the first nine months of 2026 alone.

Through our Connecting for Good ® initiatives and the TELUS Wise ® program, we continue to bridge critical gaps in technology, healthcare, and digital literacy for marginalized communities. To date, these programs have supported 1.8 million Canadians, reaching an additional 205,000 individuals in the first nine months of 2026.

In the third quarter of 2026, TELUS was named a finalist across five global categories in the World Sustainability & Reuters Leadership Awards, highlighting excellence in corporate sustainability, diversity, and environmental stewardship.

Further details on TELUS' community investment programs, environmental sustainability initiatives, and social impact are available in the Company's third quarter 2026 MD&A and at telus.com.

Access to quarterly results information

Interested investors, the media and others may review this quarterly earnings news release, MD&A, financial statements, quarterly results slides, audio and transcript of the investor webcast call, supplementary financial information at telus.com/investors.

TELUS' third quarter 2026 conference call is scheduled for Friday, November 6, 2026 at 9:30 am ET

(7:30 am PCT) and will feature prepared remarks and a slide presentation followed by a question and answer period with investment analysts. Interested parties can access the webcast at telus.com/investors. An archive of the webcast and presentation will be available on telus.com/investors and an audio recording will be available approximately 60 minutes after the call until January 6, 2027 at 1-855-201-2300. Quote conference access code 87402# and playback access code 87402#. A transcript will be posted on the website within a few business days.

Caution regarding forward-looking statements

This news release contains forward-looking statements about expected events and our financial and operating performance. Forward-looking statements include any statements that do not refer to historical facts. They include, but are not limited to, statements relating to our reaffirmed full-year financial outlook as updated with our second quarter results on July 31, 2026 (including guidance regarding capital expenditures and capital intensity, free cash flow, consolidated service revenue and consolidated Adjusted EBITDA); expectations regarding the advancement of our Transformation Strategy, including our efficiency program and the monetization of non-core businesses; expected impact of our dividend reset and the termination of the discount under our DRIP; our targeted net debt to Adjusted EBITDA ratio and expectations regarding leverage; the results of our assessment of the Global Platform Businesses portfolio; and expectations regarding investment in the growth of our core telecom business, digital infrastructure and connectivity capabilities. Forward-looking statements are typically identified by the words, assumption, goal, guidance, objective, outlook, strategy, target and other similar expressions, or verbs such as aim, anticipate, believe, could, expect, intend, may, plan, predict, seek, should, strive and will. These statements are made pursuant to the "safe harbour" provisions of applicable securities laws in Canada and the United States Private Securities Litigation Reform Act of 1995.

By their nature, forward-looking statements are subject to inherent risks and uncertainties and are based on assumptions, including assumptions about future economic conditions and courses of action. These assumptions may ultimately prove to have been inaccurate and, as a result, our actual results or other events may differ materially from expectations expressed in, or implied by, the forward-looking statements. The assumptions on which our 2026 outlook is based, as described in Section 9 in our 2025 annual MD&A, remain the same, except for the updates below as well as our estimates regarding economic growth, inflation, unemployment and housing starts, as discussed in Section 1.2 in our third quarter 2026 MD&A.

Risks and uncertainties that could cause actual performance or events to differ materially from the forward-looking statements made herein and in other TELUS filings include, but are not limited to, the following:

We may not be able to deliver the service excellence our customers expect or maintain our competitive advantage in this area.

These risks and the assumptions underlying our forward-looking statements are described in additional detail in Section 10 Risks and risk management in our 2025 annual MD&A. Those descriptions are incorporated by reference in this cautionary statement but are not intended to be a complete list of the risks that could affect the Company, or of our assumptions.

Additional risks and uncertainties that are not currently known to us or that we currently deem to be immaterial may also have a material adverse effect on our financial position, financial performance, cash flows, business or reputation. Except as otherwise indicated in this document, the forward-looking statements made herein do not reflect the potential impact of any non-recurring or special items or any mergers, acquisitions, dispositions or other business combinations or transactions that may be announced or that may occur after the date of this document.

Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements in this document describe our expectations, and are based on our assumptions, as at the date of this document and are subject to change after this date. Forward-looking statements in this release, in particular regarding our financial outlook, are presented for the purpose of assisting our investors and others in understanding certain key elements of our expected 2026 financial results as well as our objectives, strategic priorities and business outlook. Such information may not be appropriate for other purposes. We disclaim any intention or obligation to update or revise any forward-looking statements except as required by law.

This cautionary statement qualifies all of the forward-looking statements in this document.

Non-GAAP and other specified financial measures

We issue guidance on and report certain non-GAAP measures that are used to evaluate the performance of TELUS, as well as to determine compliance with debt covenants and to manage our capital structure. As non-GAAP measures generally do not have standardized meanings, they might not be comparable to similar measures disclosed by other issuers. Securities regulations require that such measures be clearly defined, qualified and reconciled with their nearest GAAP measure. Certain of the metrics do not have generally accepted industry definitions.

Adjusted Net income and adjusted basic earnings per share (EPS): These are non-GAAP measures that do not have any standardized meanings prescribed by IFRS Accounting Standards and are therefore unlikely to be comparable to similar measures presented by other issuers. Adjusted Net income excludes the effects of restructuring and other costs, real estate rationalization-related restructuring impairments, income tax-related adjustments, long-term debt prepayment premium, and other adjustments (identified in the following tables). Adjusted basic EPS is calculated as adjusted Net income divided by the basic weighted-average number of Common Shares outstanding. These measures are used to evaluate performance at a consolidated level and exclude items that, in management's view, may obscure underlying trends in business performance or items of an unusual nature that do not reflect our ongoing operations. They should not be considered as alternatives to Net income and basic EPS in measuring TELUS' performance.

Reconciliation of adjusted Net income

Three months ended

September 30

C$ millions

2026

2025

Net income (loss) attributable to Common Shares

(667)

493

Add (deduct) amounts net of amount attributable to non-controlling interests:

Restructuring and other costs

210

Tax effects of restructuring and other costs

(48)

(25)

Real estate rationalization-related restructuring impairments

(4)

Tax effect of real estate rationalization-related restructuring impairments

–

Long-term debt prepayment premium

–

Tax effect of long-term debt prepayment premium

–

(7)

Impairment of intangible assets and goodwill

800

–

Tax effect of impairment of intangible assets and goodwill

(15)

–

Gain on purchase of long-term debt

–

(222)

Tax effect of gain on purchase of long-term debt

–

Income tax-related adjustments

(30)

(11)

Adjusted Net income

251

370

Reconciliation of adjusted basic EPS

Three months ended

September 30

2026

2025

Basic EPS

(0.42)

0.32

Add (deduct) amounts net of amount attributable to non-controlling interests:

Restructuring and other costs, per share

0.13

0.07

Tax effect of restructuring and other costs, per share

(0.02)

Long-term debt prepayment premium, per share

–

0.02

Tax effect of long-term debt prepayment premium, per share

–

(0.01)

Impairment of intangible assets and goodwill, per share

0.50

–

Tax effect of impairment of intangible assets and goodwill, per share

(0.01)

–

Gain on purchase of long-term debt per share

–

(0.15)

Tax effect of gain on purchase of long-term debt per share

–

0.02

Income tax-related adjustments, per share

(0.02)

(0.01)

Adjusted basic EPS

0.16

0.24

EBITDA (earnings before interest, income taxes, depreciation and amortization): We issue guidance on and report EBITDA because it is a key measure used to evaluate performance at a consolidated level. EBITDA is commonly reported and widely used by investors and lending institutions as an indicator of a company's operating performance and ability to incur and service debt, and as a valuation metric. EBITDA should not be considered as an alternative to Net income in measuring TELUS' performance, nor should it be used as a measure of cash flow. EBITDA as calculated by TELUS is equivalent to Operating revenues and other income less the total of Goods and services purchased expense and Employee benefits expense.

We calculate Adjusted EBITDA by excluding items of an unusual nature that do not reflect our ongoing operations and should not, in our opinion, be considered in a long-term valuation metric or should not be included in an assessment of our ability to service or incur debt.

EBITDA and Adjusted EBITDA reconciliations

TTech

TELUS

Health

TELUS Digital

Eliminations

Total

Three months ended

September 30

(C$ millions)

2026

2025 1

2026

2025 1

2026

2025 1

2026

2025

2026

2025

Net income

(660)

431

Financing costs

376

154

Income taxes

157

EBIT

724

904

(831)

(41)

(118)

(102)

(23)

(19)

(248)

742

Depreciation

550

529

617

621

Amortization of intangible assets

220

224

105

380

390

Impairment of intangible assets and goodwill

800

EBITDA

1,494

1,657

(23)

(19)

1,549

1,753

Add restructuring and other costs included in EBITDA

135

211

109

EBITDA – excluding restructuring and other costs and Adjusted EBITDA

1,629

1,717

(23)

(19)

1,760

1,862

(1) 2025 results have been restated.

Free cash flow: We report this measure as a supplementary indicator of our operating performance, and there is no generally accepted industry definition of free cash flow. It should not be considered as an alternative to the measures in the condensed interim consolidated statements of cash flows. Free cash flow excludes certain working capital changes (such as trade receivables and trade payables), proceeds from divested assets and other sources and uses of cash, as reported in the condensed interim consolidated statements of cash flows. It provides an indication of the amount of cash generated by operations that is available after capital expenditures and may be used for discretionary purposes, among other things, to pay dividends, repay debt, purchase shares or make other investments. Free cash flow may be supplemented from time to time by proceeds from divested assets or financing activities.

Free cash flow calculation

Three months ended September 30, 2026

Three months ended September 30, 2025

(C$ millions)

Cash provided by operating

activities

Difference

Free cash flow

Cash provided

by operating activities

Difference

Free

cash flow

EBITDA

1,549

1,753

Restructuring and other costs,

net of disbursements

Effects of contract asset,

acquisition and fulfilment and TELUS Easy Payment ® mobile device financing

(10)

Effect of non-discretionary

lease principal

(142)

(137)

Items from the condensed interim consolidated statements of cash flows:

Share-based compensation, net

of employee share purchase

plan cash outflows

Employee future benefits

expense, net

Gain on contributions of real

estate to joint ventures

(13)

(Income) loss from equity

accounted investments

Gain on purchase of long-term

debt

(222)

222

Interest paid

(370)

(399)

Interest received

Other

(55)

(99)

Other working capital items

301

(301)

428

(428)

Capital expenditures

(701)

(652)

1,566

(1,089)

477

1,570

(882)

688

Income taxes paid, net of refunds

(81)

(77)

1,485

(1,089)

396

1,493

(882)

611

Mobile phone average revenue per subscriber per month (ARPU) is calculated as network revenue derived from monthly service plan, roaming and usage charges; divided by the average number of mobile phone subscribers on the network during the period and is expressed as a rate per month.

Appendix

Operating revenues and other income – TTech segment

C$ millions

Three months ended

September 30

Per cent

change

(unaudited)

2026

2025

(restated)

Mobile network revenue

1,780

1,755

Mobile equipment and other service revenues

516

518

Fixed data services (1)

1,186

1,163

Fixed voice services

155

167

(7)

Fixed equipment and other service revenues

123

143

(14)

Agriculture and consumer goods services

Operating revenues (arising from contracts with customers)

3,854

3,838

Other income

(100)

External Operating revenues and other income

3,854

3,867

Intersegment revenues

(17)

TTech Operating revenues and other income

3,859

3,873

(1) Excludes agriculture and consumer goods services.

Operating revenues and other income – TELUS health segment

C$ millions

Three months ended

September 30

Per cent

(unaudited)

2026

2025

change

Health services

527

516

Health equipment

100

Operating revenues (arising from contracts with customers)

529

517

Other income

(100)

External Operating revenues and other income

529

527

Intersegment revenues

TELUS Health Operating revenues and other income

530

528

Operating revenues and other income – TELUS digital experience segment

C$ millions

Three months ended

September 30

Per cent

(unaudited)

2026

2025

(restated)

change

Operating revenues (arising from contracts with customers)

637

712

(11)

Other income

n/m

External Operating revenues and other income

643

712

(10)

Intersegment revenues

109

(14)

TELUS Digital Operating revenues and other income

737

821

(10)

About TELUS

TELUS (TSX: T, NYSE: TU) is a leading Canadian communications technology company operating in more than 45 countries and generating over $20 billion in annual revenue with more than 18 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. The TELUS PureFibre and 5G networks connect Canadians at home, at work and in the communities where they live.

TELUS Health is a global technology leader advancing health data infrastructure and workforce wellbeing. TELUS Agriculture & Consumer Goods utilizes digital technologies and data insights to optimize the connection between producers and consumers. TELUS Digital specializes in digital customer experiences and future-focused digital transformations that deliver value for their global clients.

Since 2000, TELUS and our team members have contributed more than $1.85 billion in cash, in-kind contributions, time and programs to communities across Canada and around the world.

For more information, visit telus.com.

Investor Relations

Ian McMillan

ir@telus.com

Media Relations

Steve Beisswanger

Steve.Beisswanger@telus.com

SOURCE TELUS Corporation