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Telus Corp (2)
Symbol T
Shares Issued 1,524,520,592
Close 2025-06-24 C$ 21.98
Market Cap C$ 33,508,962,612
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Globe says Telus, Bell see feds toughen cybersecurity

2025-06-24 08:13 ET - In the News

Also In the News (C-BCE) BCE Inc (2)

The Globe and Mail reports in its Tuesday edition that Ottawa has reintroduced legislation aimed at protecting Canada's critical infrastructure. The Globe's Alexandra Posadzki and Irene Galea write that the new bill is nearly identical to the one the feds first introduced in 2022 that required critical industries such as telecommunications, banking, transport and energy to have cybersecurity programs in place and to report incidents. Last week, the Liberal government revived it in the form of Bill C-8. It was introduced shortly before the Canadian Centre for Cyber Security and the U.S. FBI cautioned that a group of Chinese hackers known as Salt Typhoon appear to have compromised a Canadian telco. David Shipley at cybersecurity player Beauceron Security said, "We better get moving, because we are way behind the eight ball on this one." The bill would empower Innovation, Science and Economic Development (ISED) to require telcos to remove equipment by certain Chinese suppliers from their networks, with penalties of $10-million should they fail to do so. ISED said that as of Dec. 13, 2024, Telus was still using Huawei equipment in its 5G network. Bell and Telus both still used Huawei equipment in their 4G networks.

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