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Telus Corp (2)
Symbol T
Shares Issued 1,524,520,592
Close 2025-06-12 C$ 22.11
Market Cap C$ 33,707,150,289
Recent Sedar Documents

Globe's Willis hints time's up for Telus's Entwistle

2025-06-13 08:23 ET - In the News

Also In the News (C-TIXT) Telus International (Cda) Inc

The Globe and Mail reports in its Friday edition that it is hard to imagine investors stepping up for future Telus spinoffs after Thursday's announcement that the parent company wants to put troubled offspring Telus International out of its misery. The Globe's Andrew Willis writes that Telus is offering to buy out shareholders in its subsidiary at a steep 86-per-cent discount to the price of its initial public offering, done with considerable fanfare just four years ago. Chief executive officer Darren Entwistle, a dominating personality who has been at the helm for 25 years, built Telus beyond its legacy phone networks by investing billions in subsidiaries focused on digital customer services, health care and agriculture. The idea was to incubate these businesses in-house, then launch them as public companies. Telus International was meant to be the first in a series of spinoffs. Telus Health, supposedly, is up next. Mr. Entwistle set lofty goals for his diversification strategy, then failed to hit them. The Telus board, chaired by former deputy prime minister John Manley, needs to ask hard questions about what comes next and who is best positioned to lead a business that has become the vision of a single executive.

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