Latest news with #TELUS
Cision Canada
10 hours ago
- Business
- Cision Canada
CIBC Foundation and TELUS Friendly Future Foundation announce landmark $2 million partnership
New partnership strengthens commitment to nationwide educational access, creating more pathways for students facing barriers TORONTO, July 2, 2025 /CNW/ - The CIBC Foundation and the TELUS Friendly Future Foundation announced a transformative $2 million partnership to launch the TELUS Momentum Student Bursary, powered by CIBC Foundation. With each Foundation contributing $1 million, this multi-year partnership will fuel momentum for up to 500 young changemakers from the Black community, helping them accelerate their ambitions and impact across the globe. "This innovative partnership unites two leading Canadian Foundations with a shared vision to expand educational and leadership opportunities for our youth," said Darren Entwistle, President and CEO, TELUS. "Today's landmark funding commitment by the TELUS Friendly Future Foundation and CIBC Foundation will enable us to further expand our TELUS Student Bursary program, equipping the next generation of leaders with the essential tools to realize their dream of post-secondary education while also effecting meaningful change within their communities. Together, we are paving the way for a more inclusive and dynamic workforce in Canada, and creating a friendlier future for all Canadians." "The launch of the TELUS Momentum Student Bursary, powered by CIBC Foundation is a testament to both Foundations' continued efforts in ensuring that our next generation of leaders have access to a brighter, more inclusive future," said Victor Dodig, President and CEO, CIBC. "The bursary will generate momentum for their ambitions to flourish and help them address some of society's most pressing issues. Together, this new partnership helps us do even more to create a world where everyone has the opportunity to realize their ambitions." The TELUS Momentum Student Bursary, powered by CIBC Foundation, will unlock access to education and career pathways for young Black leaders, whose talents and community leadership are critical for helping solve pressing social issues. Bursaries are awarded to students who are facing financial barriers and are committed to making a difference in their communities. Recipients will also benefit from comprehensive support, including TELUS' Mobility for Good and Internet for Good programs, access to the CIBC Best Student Life Bundle and CIBC Smart Planner, which can help create healthier financial habits, free mental health support from TELUS Health, as well as career learning opportunities enabled by TELUS. "The support from CIBC Foundation and TELUS Friendly Future Foundation has given me the opportunity to focus on my studies and get involved in community work that I'm passionate about," said Kay Palmer, recipient of the TELUS Momentum Student Bursary, powered by CIBC Foundation. "My dream is to work in forensic psychology, and this support is helping me become the change I want to see. Together, we'll keep this momentum going and build a more inclusive tomorrow." Since the launch of the TELUS Student Bursary in 2023, the TELUS Friendly Future Foundation has already provided bursaries to more than 1000 students across nine provinces and 93 different schools, with more than 50 percent awarded to first-generation post-secondary students. With applications already received for the 2025/26 academic year, this partnership with CIBC Foundation will enable more students to receive bursary support starting Fall 2025. For more information about the TELUS Student Bursary program and how you can support the next generation of Canadian leaders, visit About CIBC Foundation CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. The CIBC Foundation serves our commitment to creating a world without limits to ambition by championing inclusive communities, investing in financial education and supporting cancer research, treatment, education and support programs through corporate donations and community partnerships. Learn more about our community impact. Ongoing news releases and more information about CIBC can be found at About TELUS Friendly Future Foundation TELUS Friendly Future Foundation is a Canadian registered charity that believes all youth, regardless of circumstance, deserve an equal opportunity to reach their full potential. By funding more than 500 charities each year that provide education and health programs, many enabled by technology, along with providing educational bursaries, TELUS Friendly Future Foundation is helping youth across Canada build skills, confidence and feel a sense of belonging. In 2024 alone, we provided more than $11 million in grants to 500+ charitable programs across Canada, and over $2 million in bursaries to 500+ post-secondary students in financial need who are committed to making a difference in their communities. About TELUS TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over $20 billion in annual revenue with more than 20 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. Our TELUS Health business is enhancing more than 150 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. Our TELUS Agriculture & Consumer Goods business utilizes digital technologies and data insights to optimize the connection between producers and consumers. Guided by our enduring 'give where we live' philosophy, TELUS, our team members and retirees have contributed $1.8 billion in cash, in-kind contributions, time and programs including 2.4 million days of service since 2000, earning us the distinction of the world's most giving company. For more information, visit or follow @TELUSNews on X and @Darren_Entwistle on Instagram. For media inquiries, please contact: Saara Rahikka TELUS Public Relations [email protected] SOURCE TELUS Friendly Future Foundation
Forbes
2 days ago
- Business
- Forbes
From Expense To Asset: How Today's AI Investments Can Save You Money
Michael Ringman is CIO at TELUS Digital (formerly TELUS International), providing digital-first, AI-fueled customer experiences. Whatever sector you're in, you've no doubt been thinking about the mounting pressures facing your business. Now more than ever, it's critical to strategically prioritize any and all investments. If you're looking for a sign to invest in generative AI (GenAI) solutions, here it is: According to a 2024 IDC–Microsoft survey of 4,000 business leaders tasked with bringing AI into their operations, for every dollar invested, you can expect to get about 3.7 times back. And that ROI is projected to climb as both GenAI and its adoption continue to grow. However, realizing this ROI takes time. According to KPMG, as reported in The CFO, "nearly 70% of leaders plan to spend between $50 million and $250 million on related [GenAI] Yet as we look to the future of GenAI, it's clear that the efficiency gains, cost savings and competitive advantages are too significant to ignore. With more successful use cases emerging and GenAI tools maturing rapidly, the question is no longer if businesses should invest in this technology, but how to do it right. Spending Money To Save Money It may feel counterintuitive to invest in new technologies when markets are facing uncertainty, but GenAI is already making tangible differences. Microsoft recently published a list of 261 success stories about how its GenAI solutions were used to save money, amplify efficiencies, drive productivity and extend the capabilities of organizations globally. Regardless of economic conditions, customers' expectations of digital experiences will never decline. If anything, those expectations will continuously rise as competitors and new market entrants set higher bars for service. Those bars are greatly influenced by companies' embrace of new and emerging technologies. Nvidia's "State of AI in Financial Services" survey notes that one of the top GenAI ROI use cases is customer experience (CX) and engagement. Notably, the report states that the use of GenAI for CX "has more than doubled, rising from 25% to 60%. This surge is driven by the increasing availability, cost efficiency and scalability of generative AI technologies for powering more sophisticated and accurate digital assistants that can enhance customer interactions." The report also says roughly two-thirds of respondents saw AI drive a 5% increase in revenue and a 5% reduction in annual costs. It also tracked an uptick in the number of companies using GenAI, and in the variety of ways the technology is used. GenAI can be deployed both as agent-facing tools to empower employees and as customer-facing solutions, including autonomous AI agents, to handle interactions independently. But these applications aren't the only ways AI drives value. Meaningfully supporting your company's ability to serve and engage customers takes a more profound and big-picture implementation across the employee experience, business operations, hiring processes and supply chain management. Only when your company is working in harmony across all departments can you fully realize the ROI potential of your AI investments. Bringing GenAI Assistants Into The Fold GenAI has changed the way companies handle communications, information, performance data and innovation. Employees are increasingly turning to GenAI tools to enhance their productivity, streamline workflows and tackle complex problems more efficiently. This is happening whether or not your company has adopted and implemented GenAI. Recently, my firm, TELUS Digital, revealed that a majority of employees depend on GenAI assistants in their day-to-day work and will use publicly available large language models (LLMs) like ChatGPT if none are available internally. What's more, 57% of respondents admitted to entering sensitive information, including customer names and contact details, into publicly available GenAI assistants, making the need for a secure, enterprise-safe GenAI platform even more evident. Unsurprisingly, employees reported that GenAI assistants helped them work faster, improved their performance and reduced strain caused by repetitive tasks, but the availability of GenAI assistants also has impacts on talent acquisition and recruitment. In fact, our survey found that 44% of employees would be more likely to quit if their company didn't allow AI assistants, and 59% said they'd prioritize applying for jobs at companies that allow AI assistant usage. GenAI is becoming an increasingly crucial part of employees' day-to-day lives, and businesses can no longer simply ban the use of AI at work. Given the workforce demand for GenAI assistants, it's incumbent upon companies to embrace GenAI and work to fill skill gaps now. The Cost Of Inaction Regardless of data to the contrary, many business leaders believe GenAI may still be too risky to invest in. Choosing to delay adoption is not the safe bet some may think it is. Late adopters may experience escalating implementation costs, widening skill gaps and dissatisfaction among customers who are benefiting from AI-enabled services elsewhere. The reality is, the capabilities of safe and responsible GenAI are expanding by leaps and bounds every day. McKinsey recently noted that transparency and explainability of some of the leading LLMs doubled or tripled between 2023 and 2024, based on Stanford University's Transparency Index. GenAI is continually becoming better at accuracy, reasoning and even independent decision-making. For those considering GenAI investments, best practices dictate a few clear steppingstones: • Conduct an AI readiness assessment. • Start small with pilot projects with a fast time to value. • Develop a phased implementation strategy. • Establish clear benchmarks and KPIs for tracking ROI and other metrics. • Develop comprehensive training programs and risk and governance frameworks that include human oversight. • Work with an experienced partner to benefit from their expertise, technology and economies of scale. Taking The Leap To drive efficiencies and reduce costs on a sustainable basis means investing strategically in AI today. As our executive vice chair of the board, Jeff Puritt, previously shared, "Whether your organization is poised to thrive, highly constrained, or in a fight to survive, investments in your people, technology, and communities are measurably beneficial to the bottom line. ... Doing the right thing is the right way to inoculate your business against exogenous events, while positioning your brand for sustainable growth in even the most trying of times." Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
Yahoo
2 days ago
- Business
- Yahoo
TELUS ANNOUNCES RESULTS OF ITS CASH TENDER OFFERS FOR TWO SERIES OF DEBT SECURITIES
VANCOUVER, BC, June 30, 2025 /PRNewswire/ - TELUS Corporation (the "Company") announced today the results of its previously announced two separate offers (the "Offers") to purchase for cash the outstanding notes of the series listed in the table below (collectively, the "Notes"). The Offers were made upon the terms and subject to the conditions set forth in the Offer to Purchase dated June 20, 2025 relating to the Notes (the "Offer to Purchase") and the notice of guaranteed delivery attached as Appendix A thereto (together with the Offer to Purchase, the "Tender Offer Documents"). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase. The Offers expired at 5:00 p.m. (Eastern time) on June 27, 2025 (the "Expiration Date"). The Guaranteed Delivery Date is 5:00 p.m. (Eastern time) on July 1, 2025. The Settlement Date will be July 3, 2025. According to information provided by Global Bondholder Services Corporation, the Information and Tender Agent in connection with the Offers, US$318,255,000 combined aggregate principal amount of Notes were validly tendered prior to or at the Expiration Date and not validly withdrawn. In addition, US$789,000 combined aggregate principal amount of Notes were tendered pursuant to the Guaranteed Delivery Procedures and remain subject to the Holders' performance of the delivery requirements under such procedures. The table below provides certain information about the Offers, including the aggregate principal amount of each series of Notes validly tendered and not validly withdrawn at or prior to the Expiration Date and the aggregate principal amount of Notes reflected in Notices of Guaranteed Delivery delivered at or prior to the Expiration Date pursuant to the Tender Offer Documents. AcceptancePriorityLevelTitle of NotesCUSIP / ISINNos. (1)PrincipalAmountOutstanding (in millions)TotalConsideration (2)PrincipalAmountTendered (3)PrincipalAmountAccepted (3)PrincipalAmountReflected inNotices ofGuaranteedDelivery 14.600% Notes due November 16, 204887971M BH5 /US87971MBH51US$750US$834.11US$189,405,000US$189,405,000US$750,00024.300% Notes due June 15, 204987971M BK8 /US87971MBK80US$500US$788.18US$128,850,000US$128,850,000US$39,000 _____________ (1) No representation is made by the Company as to the correctness or accuracy of the CUSIP numbers or ISINs listed in this news release or printed on the Notes. They are provided solely for convenience. (2) The total consideration for each series of Notes (such consideration, the "Total Consideration") payable per each US$1,000 principal amount of such series of Notes validly tendered for purchase. (3) The amounts exclude the principal amounts of Notes for which Holders have complied with certain procedures applicable to guaranteed delivery pursuant to the Guaranteed Delivery Procedures. Such amounts remain subject to the Guaranteed Delivery Procedures. Notes tendered pursuant to the Guaranteed Delivery Procedures are required to be tendered at or prior to 5:00 p.m. (Eastern time) on July 1. Overall, US$318,255,000 aggregate principal amount of Notes have been accepted for purchase, excluding the Notes delivered pursuant to the Guaranteed Delivery Procedures. A condition of the Offers is that the aggregate principal amount purchased in the Offers shall not exceed US$750,000,000 (the "Maximum Purchase Amount") and that the Maximum Purchase Amount is sufficient to include the aggregate principal amount of all validly tendered and not validly withdrawn Notes of a series (after accounting for all validly tendered Notes that have a higher Acceptance Priority Level) (the "Maximum Purchase Condition"). The Maximum Purchase Condition has been satisfied with respect to the Offers for both series of Notes. Accordingly, all Notes that have been validly tendered and not validly withdrawn at or prior to the Expiration Date have been accepted for purchase. The financing condition described in the Tender Offer Documents has been satisfied as a result of the closing of the Company's previously announced offering of junior subordinated notes in an aggregate principal amount of US$1.5 billion. Upon the terms and subject to the conditions set forth in the Offer to Purchase, Holders whose Notes have been accepted for purchase in the Offers will receive the applicable Total Consideration specified in the table above for each US$1,000 principal amount of such Notes, which will be payable in cash on the Settlement Date. In addition to the applicable Total Consideration, Holders whose Notes have been accepted for purchase will be paid the Accrued Coupon Payment. Interest will cease to accrue on the Settlement Date for all Notes accepted in the Offers, including those tendered pursuant to the Guaranteed Delivery Procedures. Under no circumstances will any interest be payable because of any delay in the transmission of funds to Holders by the Depository Trust Company ("DTC") or its participants. The Company has retained J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC to act as lead dealer managers and BMO Capital Markets Corp., CIBC World Markets Corp., Scotia Capital (USA) Inc., TD Securities (USA) LLC, Desjardins Securities Inc., National Bank of Canada Financial Inc. and SMBC Nikko Securities America, Inc. to act as co-dealer managers (collectively, the "Dealer Managers") for the Offers. Questions regarding the terms and conditions for the Offers should be directed to J.P. Morgan Securities LLC at +1 (866) 834-4666 (toll-free) or +1 (212) 834-3046 (collect), RBC Capital Markets, LLC at +1 (877) 381-2099 (toll-free) or +1 (212) 618-7843 (collect) or Wells Fargo Securities, LLC at +1 (866) 309-6316 (toll-free) or +1 (704) 410-4235 (collect). Global Bondholder Services Corporation is acting as the Information and Tender Agent for the Offers. Questions or requests for assistance related to the Offers or for additional copies of the Offer to Purchase may be directed to Global Bondholder Services Corporation in New York by telephone at +1 (212) 430-3774 (for banks and brokers only) or +1 (855) 654-2015 (for all others toll-free), or by email at contact@ You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers. The Tender Offer Documents can be accessed at the following link: If the Company terminates any Offer with respect to one or more series of Notes, it will give prompt notice to the Information and Tender Agent, and all Notes tendered pursuant to such terminated Offer will be returned promptly to the tendering Holders thereof. Upon such termination, any Notes blocked in DTC will be released. This announcement is for informational purposes only. This announcement is not an offer to purchase or a solicitation of an offer to sell any Notes or any other securities, and is not an offer to sell or the solicitation of an offer to buy any securities, of the Company or any of its subsidiaries. The Offers were made solely pursuant to the Offer to Purchase. The Offers were not made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, "blue sky" or other laws of such jurisdiction. In any jurisdiction in which the securities or "blue sky" laws require the Offers to be made by a licensed broker or dealer, the Offers will be deemed to have been made on behalf of the Company by the Dealer Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction. No action has been or will be taken in any jurisdiction that would permit the possession, circulation or distribution of either this announcement, the Offer to Purchase or any material relating to us or the Notes in any jurisdiction where action for that purpose is required. Accordingly, neither this announcement, the Offer to Purchase nor any other offering material or advertisements in connection with the Offers may be distributed or published, in or from any such country or jurisdiction, except in compliance with any applicable rules or regulations of any such country or jurisdiction. Forward-looking Statements This news release contains statements about future events, including statements regarding the terms and timing for completion of the Offers, including the expected Settlement Date thereof and the satisfaction or waiver of certain conditions of the Offers. By their nature, forward-looking statements require us to make assumptions and predictions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate. Forward-looking statements are provided herein for the purpose of giving information about the Offers referred to above. Readers are cautioned that such information may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future performance and events to differ materially from those described in the forward-looking statements. Accordingly, this news release is subject to the disclaimer and the qualifications and risk factors as set out in our 2024 annual management's discussion and analysis and in our first quarter 2025 management's discussion and analysis and other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR+ at and in the United States (on EDGAR at The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Except as required by law or the Tender Offer Documents, TELUS disclaims any intention or obligation to update or revise forward-looking statements. About TELUS TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over C$20 billion in annual revenue with more than 20 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. Our TELUS Health business is enhancing more than 150 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. Our TELUS Agriculture & Consumer Goods business utilizes digital technologies and data insights to optimize the connection between producers and consumers. Guided by our enduring 'give where we live' philosophy, TELUS, our team members and retirees have contributed C$1.8 billion in cash, in-kind contributions, time and programs including 2.4 million days of service since 2000, earning us the distinction of the world's most giving company. For more information, visit or follow @TELUSNews on X and @Darren_Entwistle on Instagram. Investor RelationsBill Zhangir@ Media RelationsSteve View original content to download multimedia: SOURCE TELUS Corporation
Globe and Mail
5 days ago
- Business
- Globe and Mail
TELUS closes its US$ junior subordinated notes offering
VANCOUVER, BC, June 27, 2025 /CNW/ - TELUS announced today it has successfully closed its previously announced offering of US$1.5 billion aggregate principal amount of Fixed-to-Fixed Rate Junior Subordinated Notes (the "Notes") in two series. The Notes were offered through a syndicate of underwriters led by J.P Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC.
Cision Canada
5 days ago
- Business
- Cision Canada
TELUS closes its US$ junior subordinated notes offering Français
VANCOUVER, BC, June 27, 2025 /CNW/ - TELUS announced today it has successfully closed its previously announced offering of US$1.5 billion aggregate principal amount of Fixed-to-Fixed Rate Junior Subordinated Notes (the "Notes") in two series. The Notes were offered through a syndicate of underwriters led by J.P Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC. The net proceeds of the offering will be used to fund TELUS' previously announced tender offers. In the event that any tender offer is not consummated or not all of the net proceeds are used to fund the tender offers, TELUS intends to use the remaining net proceeds from the offering for the repayment of debt, including commercial paper (incurred for general corporate purposes), and for other general corporate purposes. This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The securities offered have not been approved or disapproved by any securities regulatory authority in Canada or the United States, nor has any authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement. Copies of the short form base shelf prospectus and the prospectus supplement relating to the offering of the Notes filed with the US Securities and Exchange Commission may be obtained from the Chief Legal and Governance Officer of TELUS at 510 W. Georgia St., 23rd Floor, Vancouver, British Columbia V6B 0M3 (telephone 604-695-6420). Copies of these documents are available electronically on the Electronic Data Gathering, Analysis, and Retrieval system, administered by the US Securities and Exchange Commission ("EDGAR") at Investors should read the short form base shelf prospectus and prospectus supplement before making an investment decision. The Notes were not offered in Canada or to any resident of Canada except in transactions exempt from the prospectus requirements of applicable Canadian securities laws. Forward-Looking Statements This news release contains statements about future events pertaining to the offering, including the intended use of the net proceeds of the offering. By their nature, forward-looking statements require us to make assumptions and predictions and are subject to inherent risks and uncertainties including risks associated with capital and debt markets. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future performance and events to differ materially from those described in the forward-looking statements. Accordingly, this news release is subject to the disclaimer and the qualifications and risk factors as set out in our 2024 annual management's discussion and analysis, and in other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR+ at and in the United States (on EDGAR at The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Except as required by law, TELUS disclaims any intention or obligation to update or revise forward-looking statements. About TELUS TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over C$20 billion in annual revenue with more than 20 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. Our TELUS Health business is enhancing more than 150 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. Our TELUS Agriculture & Consumer Goods business utilizes digital technologies and data insights to optimize the connection between producers and consumers. Guided by our enduring 'give where we live' philosophy, TELUS, our team members and retirees have contributed C$1.8 billion in cash, in-kind contributions, time and programs including 2.4 million days of service since 2000, earning us the distinction of the world's most giving company. For more information, visit or follow @TELUSNews on X and @Darren_Entwistle on Instagram. Investor Relations Ian McMillan Media Relations Steve Beisswanger [email protected]
