The Globe and Mail reports in its Friday edition that Telus has hired TD Securities and Jefferies Securities as financial advisers for the "near-term" monetization of its health care technology division, Telus Health, in a step toward a long-awaited deal that could help the company deleverage its balance sheet. The Globe's Irene Galea writes that Telus on Thursday said it had retained TD and Jeffries to assist with the strategy, a process that will include evaluating "all partnership structures" and may involve finding strategic partners. Telus boss Darren Entwistle said the company's monetization strategy is centred on finding a strategic partner to add "complementary skills, customer reach and economic capacity." The company has a record of seeking such arrangements. In 2016, Telus sold a 35-per-cent stake in Telus Digital to Baring Private Equity Asia, before taking the company public five years later. Last year, Telus sold a 49.9-per-cent stake of its tower subsidiary, Terrion, to the Caisse pension fund. Telus Health has long been part of Mr. Entwistle's plans to spin off the telco's various divisions, the first of which was the public listing of Telus Digital in 2021, which declined in price by 90 per cent.