News Summary

Telus has finalized its $539 million US (approximately $755 million CAD) acquisition of Telus Digital, securing full ownership of its tech arm. This strategic buyout enables Telus to integrate advanced digital customer experience solutions, AI-driven platforms, and SaaS innovations more efficiently. The move is expected to generate annual cost savings of about $150 million through AI-driven automation and other efficiencies. With the acquisition, Telus Digital’s shares will be delisted from the Toronto and New York stock exchanges, and the company will cease public financial reporting.