Latest news with #Telus'
CTV News
4 days ago
- CTV News
Calgary copper thefts are becoming an epidemic, Telus officials say
Telus Communications said since July 10, 2025, there have been seven incidents of copper wire theft in Calgary targeting its lines. A telecommunications giant says it's reeling after several copper wire thefts have impacted services for thousands of its customers. Telus Communications said since July 10, there have been seven incidents in Calgary that have impacted more than 3,500 customers. Those services include wireline voice services, internet and television signals. The outages have hit communities all across the city such as Crowchild, Signal Hill, Lynnwood, Ogden, Killarney and Bowness. The company said the thefts are becoming a big concern for some Calgarians. 'In certain situations, people might not be able to call 911, such as seniors living alone or in care homes might not be able to reach families or first responders,' said Anne Martin, Telus' vice-president of network engineering and operations. In addition, officials say thieves are inflicting a lot of damage when they seek out the copper they're looking for, cutting through fiber-optic cables – wiring that has no commodity value – in the process, exacerbating the problem for the company. Telus says it's taking steps to protect critical cable connections such as welding manhole covers shut and installing additional security measures to prevent thefts. In the meantime, additional crews have been brought into the city from other provinces to repair the damage that's been done. That work has been ongoing 24 hours a day, seven days a week, Telus said. 'This spike in criminal activity underscores an urgent need for stricter penalties, tighter regulations, increased vigilance and collaborative efforts between service providers, legislators, law enforcement and the public in order to stop these crimes from happening,' officials said. 'We are actively working with police to investigate all of these thefts and we urge the public to stay vigilant.' Calgary police say thieves are often taking advantage of easy-to-access areas, especially those in secluded areas of buildings. They urge businesses to take steps such as: securing the area by installing fencing or locked cages around outdoor HVAC units; installing motion-activated or dusk-to-dawn lights to illuminate HVAC and utility areas, as thieves prefer to operate in the dark; paint the cooper piping black or mark it with a unique identifier to make it harder to sell and look less attractive to thieves; installing surveillance cameras aimed at critical infrastructure to deter criminals and assist investigators if a theft occurs; conducting routine business property inspections, particularly after long weekends or off-hours; and consider hiring private security companies to patrol the area regularly for increased security. Telus urges anyone to report anything suspicious to your local police, Crime Stoppers or contact Telus directly by calling 310-CUTS (2887).
The Star
12-06-2025
- Business
- The Star
Telus offers to fully own digital unit for greater control of AI capabilities
A sign for Telus Communications in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio/File Photo (Reuters) -Telus said on Thursday it intends to acquire the shares in its listed digital services subsidiary it does not currently own, as the Canadian telecom firm seeks greater control of the unit's artificial intelligence capabilities. The company has offered $3.40 per share to acquire the shares it does not own in Telus Digital, valuing the unit at $946.8 million, according to Reuters' calculation. Telus currently holds about 57% of the digital unit's outstanding shares directly and through its other units. This is a 15% premium to the last closing price of the subsidiary's U.S.-listed stock. U.S.-listed shares of the digital unit are down more than 24% this year, severely lagging the parent company whose U.S. listing is up nearly 19% this year. The move underscores Telus' push for more control of the digital unit, which helps businesses adopt AI and develop data strategies amid a worldwide push to harness the technology. "Our proposal to fully acquire Telus Digital reflects our belief that closer operational proximity... will enable enhanced AI capabilities and SaaS transformation across all lines of our business," Telus CEO Darren Entwistle said. Telus said last month it is investing more than C$70 billion ($51.40 billion) in Canada over the next five years to expand its network infrastructure in the country, which would be focused around launching two new AI data centers. Barclays is serving as Telus' financial advisor. ($1 = 1.3619 Canadian dollars) (Reporting by Meghana Khare in Bengaluru; Editing by Leroy Leo)
Yahoo
12-06-2025
- Business
- Yahoo
Telus offers to fully own digital unit for greater control of AI capabilities
(Reuters) -Telus said on Thursday it intends to acquire the shares in its listed digital services subsidiary it does not currently own, as the Canadian telecom firm seeks greater control of the unit's artificial intelligence capabilities. The company has offered $3.40 per share to acquire the shares it does not own in Telus Digital, valuing the unit at $946.8 million, according to Reuters' calculation. Telus currently holds about 57% of the digital unit's outstanding shares directly and through its other units. This is a 15% premium to the last closing price of the subsidiary's U.S.-listed stock. U.S.-listed shares of the digital unit are down more than 24% this year, severely lagging the parent company whose U.S. listing is up nearly 19% this year. The move underscores Telus' push for more control of the digital unit, which helps businesses adopt AI and develop data strategies amid a worldwide push to harness the technology. "Our proposal to fully acquire Telus Digital reflects our belief that closer operational proximity... will enable enhanced AI capabilities and SaaS transformation across all lines of our business," Telus CEO Darren Entwistle said. Telus said last month it is investing more than C$70 billion ($51.40 billion) in Canada over the next five years to expand its network infrastructure in the country, which would be focused around launching two new AI data centers. Barclays is serving as Telus' financial advisor. ($1 = 1.3619 Canadian dollars)
Yahoo
12-06-2025
- Business
- Yahoo
Telus offers to fully own digital unit for greater control of AI capabilities
(Reuters) -Telus said on Thursday it intends to acquire the shares in its listed digital services subsidiary it does not currently own, as the Canadian telecom firm seeks greater control of the unit's artificial intelligence capabilities. The company has offered $3.40 per share to acquire the shares it does not own in Telus Digital, valuing the unit at $946.8 million, according to Reuters' calculation. Telus currently holds about 57% of the digital unit's outstanding shares directly and through its other units. This is a 15% premium to the last closing price of the subsidiary's U.S.-listed stock. U.S.-listed shares of the digital unit are down more than 24% this year, severely lagging the parent company whose U.S. listing is up nearly 19% this year. The move underscores Telus' push for more control of the digital unit, which helps businesses adopt AI and develop data strategies amid a worldwide push to harness the technology. "Our proposal to fully acquire Telus Digital reflects our belief that closer operational proximity... will enable enhanced AI capabilities and SaaS transformation across all lines of our business," Telus CEO Darren Entwistle said. Telus said last month it is investing more than C$70 billion ($51.40 billion) in Canada over the next five years to expand its network infrastructure in the country, which would be focused around launching two new AI data centers. Barclays is serving as Telus' financial advisor. ($1 = 1.3619 Canadian dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Telus to inject $51bn into Canadian network infrastructure by 2029
Telus is planning to invest more than C$70bn ($51bn) in Canada to expand and enhance its network infrastructure and operations. As part of the investment strategy running through to 2029, Telus will focus on several key areas including launching two new AI data centres and increasing wireless coverage and capacity, particularly in rural regions, and lower GHGemissions with environmental-friendly technologies. The two sovereign AI factories will also be established in Kamloops and Rimouski. These facilities are designed to provide Canadian researchers and businesses access to advanced technologies, ensuring that all data and computational outputs remain within Canada. Telus president and CEO Darren Entwistle said: "The C$70bn investment we are making across Canada transcends traditional connectivity; it is powering advanced digital services, fuelling innovation across all sectors of the economy and propelling our productivity as a nation. 'Moreover, this investment is a cornerstone of Canada's competitiveness on the global stage, driving critical transformational change and advancing our leadership in Canadian AI sovereignty, innovation and development. 'Crucially, Telus' capital investments empower a more resilient and inclusive society, enabling us to remediate the environmental state of our planet through technology virtualization and bridge socio-economic and geographic divides, particularly in rural and Indigenous communities.' By 2026, the company also aims to expand its broadband networks to 20 more Indigenous lands and 53 additional rural communities. This builds upon the 637 Indigenous lands and 530 rural communities already connected to Telus' networks. Telus said the investment aligns with its capital expenditure plans for 2025. The company had previously projected annual capital spending of approximately C$2.5bn, excluding real estate investments. In 2024, Telus completed a data management modernisation initiative in partnership with Google Cloud and Onix. This collaboration transitioned the company from fragmented, on-premise systems to a unified cloud-based platform, improving data accessibility and enabling future AI developments. "Telus to inject $51bn into Canadian network infrastructure by 2029" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
