Latest news with #TelusCorp
Yahoo
07-07-2025
- Yahoo
Posthaste: Copper theft is getting so bad Bell Canada is sounding the alarm
There's a crime wave sweeping through eastern Canada, and it's not jewellery or bank notes the thieves are after, but the copper wire found in telecom lines. Such thefts are rising at such an 'alarming rate' that Bell Canada made a public statement about the 'growing crisis that is endangering public safety and disrupting essential communications infrastructure.' Copper theft is up 23 per cent from a year ago, with Bell reporting more than 2,270 incidents nationwide since 2022. This is not a victimless crime, says the telecom. Thieves who target the lines for copper are disrupting phone and internet access. Copper thefts now account for 88 per cent of all physical security incidents on its network, with over 500 cases reported in the first half of 2025. Major Canadian telecoms like Bell and Telus Corp. have been replacing copper in recent years with fibre, but the transition is not complete. Damage to copper lines can also harm fibre cables because they are often bundled together. 'Copper theft is a serious crime that directly threatens the safety and well-being of Canadians. These thefts are not just about stolen copper; the perpetrators often damage other infrastructure such as fibre cable and the crime can potentially put lives at risk when people can't call 911 as a result of the damage,' said Bell's chief technology officer Mark McDonald in the release. Ontario, New Brunswick and Quebec are the hardest hit, with 63 per cent of all copper thefts occurring in Ontario. Hamilton, Cambridge and Windsor are particular problem areas, said Bell. Just last week two people were charged after telecom wires were cut down near Guelph. In May, thieves felled 33 hydro poles by the Hound Chute Generating Station near Cobalt, Ont., stripping them of copper wire police say was worth $100,000. In New Brunswick there have been 80 incidents so far this year, said Bell, with most of them occurring in the Fredericton–Oromocto corridor. The issue has come before the Senate Transportation and Communications Committee and Bell wants government to amend the Criminal Code to increase penalties. The telecom said it is also accelerating its transition to all-fibre, which now covers 60 per cent of its network. The world's third most consumed metal, copper is used in a wide range of industries from building construction to electronic products. One of its biggest drivers in recent years has been electric vehicles. With surging demand and dwindling supply, the scrap metal market is sometimes referred to as 'the world's largest copper mine.' Prices have been rising since the pandemic, with a surge this year sparked by the threat of United States tariffs. The benchmark London price rose to more than three-month high of almost US$10,000 a tonne last week. to get Posthaste delivered straight to your who put their money in real estate, especially condos, two years ago, might wish they chose stocks instead, according to today's chart from BMO Capital Markets. BMO argued this case in 2023, saying TSX stocks had better yields, liquidity, payout growth and tax advantages, while real estate would struggle with cash flow dynamics, building supply and sinking rents. It's a trend that has further to run, said BMO senior economist Robert Kavcic this past week. 'While cash flow dynamics in real estate are 'less bad' now with mortgage rates and prices both down, they're still not compelling enough to draw investment in from other asset classes like equities and GoCs — real estate requires a risk premium (though many forgot that).' Equities on the other hand still have relatively favourable valuations and earnings and dividends should continue to grow if Canada reaches a trade deal with the U.S., boosting the economy, he said. Alberta Premier Danielle Smith and Ontario Premier Doug Ford to sign Memorandums of Understanding on energy and trade. Bay Street shrugs off tariff threat as dealmaking tally hits $310 billion Stakes are high in Canada's race to become an energy superpower It's a tough time for traditional 60/40 investors With Donald Trump's tariff war keeping markets on edge, investors may be anxious about their financial plans. Allan Norman for FP Answers explains the three steps of the planning process — life planning, financial planning and financial advice — to get you what you want and keep it, no matter what happens. Recently, we published a feature on the death of the summer job as student unemployment reaches crisis levels. We want to hear directly from Canadians aged 15-24 about their summer job search. Send us your story, in 50-100 words, and we'll publish the best submissions in an upcoming edition of the Financial Post. You can submit your story by email to fp_economy@ under the subject heading 'Summer job stories.' Please include your name, your age, the city and province where you reside, and a phone number to reach you. Are you worried about having enough for retirement? Do you need to adjust your portfolio? Are you starting out or making a change and wondering how to build wealth? Are you trying to make ends meet? Drop us a line at wealth@ with your contact info and the gist of your problem and we'll find some experts to help you out while writing a Family Finance story about it (we'll keep your name out of it, of course). Want to learn more about mortgages? Mortgage strategist Robert McLister's Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won't want to miss. Plus check his mortgage rate page for Canada's lowest national mortgage rates, updated daily. Visit the Financial Post's YouTube channel for interviews with Canada's leading experts in business, economics, housing, the energy sector and more. Today's Posthaste was written by Pamela Heaven with additional reporting from Financial Post staff, The Canadian Press and Bloomberg. Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at posthaste@ Canadian dollar could hit 78 cents U.S. and sooner than expected Canada home prices seen falling further as tariff war deepens downturn 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Globe and Mail
03-07-2025
- Business
- Globe and Mail
Why Telus International shares may offer upside as a higher buyout offer looms
In a market where tech investors are increasingly searching for asymmetric risk-reward opportunities, Telus International (Canada) Inc. TIXT-T has emerged as an intriguing candidate. In June, 2025, Telus Corporation TU-N proposed to acquire the 42.6 per cent of Telus International – also known as Telus Digital – it doesn't already own for US$3.40 per share. However, Telus International's stock is currently trading at a premium to this offer, signalling market anticipation of a higher final price. Telus International offers a special situation: A solid floor supported by a credible acquisition offer, paired with a reasonable probability of a revised, higher bid. Telus International is a digital services and customer experience outsourcing firm with a presence in over 30 countries. It offers a combination of digital IT services, traditional business process outsourcing services, AI data annotation and content moderation – capabilities that support not only third-party clients such as Google, but also Telus Corp.'s T-T growing health care, agriculture and telecom divisions. Telus International's 2021 initial public offering on the Toronto Stock Exchange was one of the largest tech IPOs in the TSX's history, priced at US$25 per share. Since then, however, the stock has experienced a significant decline, a result of both broader market conditions and internal missteps. This precipitous drop in share price exemplifies what Benjamin Graham, the father of value investing, famously described as the 'manic-depressive' nature of Mr. Market, whose moods can swing wildly and often irrationally. Telecom giants taking action to address the debt elephant in the room David Berman: The question now facing telecom investors: Why bother? Telus International's underlying health isn't as bleak as the market might suggest. For 2025, the firm projects revenues of around US$2.7-billion and adjusted EBITDA of approximately US$400-million. After a period of macroeconomic challenges, the company's key markets are showing signs of recovery, which should lead to higher revenues and earnings going forward. Artificial intelligence also presents a significant opportunity as Telus International plays a key role in enabling AI solutions for its clients. From Telus Corp.'s perspective, full control of Telus International is strategically important. In a statement, Darren Entwistle, Telus Corp.'s CEO, said this transaction enables enhanced AI capabilities and SaaS transformation across its lines of business, including health care, agriculture, telecom and customer service. Telus Corp. has repeatedly emphasized the importance of digital transformation in its earnings calls which makes Telus International a 'must-have' asset, not merely a financial investment. Yet, Telus Corp.'s current offer significantly undervalues Telus International, proposing multiples of just 0.8 times revenue and 5.7 times adjusted EBITDA. These figures stand notably below valuations observed in comparable industry transactions. For instance, in May 2025, TaskUs, a close peer to Telus International, was taken private at 1.4 times revenue and nearly seven times adjusted EBITDA. Similarly, in August 2023, Majorel was acquired for 1.4 times revenue and eight times adjusted EBITDA. Opinion: Telus fails to deliver on Entwistle's IPO-based growth strategy We contend that a 7-8 times adjusted EBITDA multiple is more appropriate for Telus International. This is not only justified by recent peer transactions, but also by the fact that Telus International represents a higher-quality business than many of its direct peers. Telus International has a strong presence in the growing digital IT transformation segment, a capability significantly bolstered by its acquisition of WillowTree (at an estimated 20 times EV/EBITDA). Moreover, the prevailing cyclical upturn within the industry provides additional justification for a premium valuation. This situation is a bellwether for how Canadian companies manage the relationship between parent firms and publicly traded subsidiaries. If controlling shareholders can privatize undervalued assets with minimal oversight or resistance, it erodes confidence in the fairness of the market. Telus has long stood for excellence in Canadian telecommunications. Now, it has an opportunity – and an obligation – to extend that reputation to corporate governance. While Telus Corp. holds over 85 per cent of voting rights, the board of Telus International has established a special committee of independent directors to evaluate the proposal. Their fiduciary responsibility is to minority shareholders and not the parent company. The disparity in Telus International's valuation versus peers is also unlikely to go unnoticed, particularly by institutional shareholders or proxy advisory firms which have an increasing say on how minority shareholders vote their shares. For investors buying Telus International stock today, the downside is limited by the current US$3.40 takeout offer, which provides a soft floor. But if the board negotiates an improved offer – say to US$5.00-7.00, which would be more in line with peer EV/EBITDA multiples – investors potentially stand to make substantial gains. Telus International's current pricing reflects a special situation in transition – a deal that makes sense for the parent, but not yet for minority holders. Whether driven by the board's negotiation, shareholder advocacy or external pressure, the odds of a revised bid are meaningful – and that makes the stock worth a close look for investors with a taste for catalyst-driven value. Balkar Sivia is the founder and portfolio manager of White Falcon Capital Management Ltd. ( Disclosure: The author and the accounts he manages at White Falcon own shares in Telus International.
Winnipeg Free Press
20-06-2025
- Business
- Winnipeg Free Press
CRTC says its wholesale internet rules balance need for competition and investment
Canada's telecommunications regulator has once again determined the country's largest internet companies should be able to provide service to customers using fibre networks built by their rivals — as long as they are doing so outside their core regions. It marks the CRTC's final decision on the contentious matter — which has pitted Telus Corp. against BCE Inc. and Rogers Communications Inc., along with many smaller providers — after a lengthy process filled with several interim rulings and reconsiderations. Bell has argued against the policy, saying it discourages major providers from investing in their own infrastructure, while some independent carriers have raised concerns that it could make it more difficult for them to compete against larger players. Meanwhile, Telus has defended it as a way to boost competition in regions where it doesn't have its own network infrastructure, such as Ontario and Quebec, which then improves affordability for customers. The CRTC says in its latest decision that the rules effectively balance the need for both competition and investment, while only having a 'modest' near-term effect on the market share of regional carriers. It says it plans to closely monitor the effect of the framework on the industry, noting there have been 'early indicators of improved competitive intensity' but that the extent to which the new rules 'will ultimately be successful is still unknown.' Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published June 20, 2025. Companies in this story: (TSX:BCE, TSX:T, TSX:RCI-B)
Yahoo
20-06-2025
- Business
- Yahoo
CRTC says its wholesale internet rules balance need for competition and investment
Canada's telecommunications regulator has once again determined the country's largest internet companies should be able to provide service to customers using fibre networks built by their rivals — as long as they are doing so outside their core regions. It marks the CRTC's final decision on the contentious matter — which has pitted Telus Corp. against BCE Inc. and Rogers Communications Inc., along with many smaller providers — after a lengthy process filled with several interim rulings and reconsiderations. Bell has argued against the policy, saying it discourages major providers from investing in their own infrastructure, while some independent carriers have raised concerns that it could make it more difficult for them to compete against larger players. Meanwhile, Telus has defended it as a way to boost competition in regions where it doesn't have its own network infrastructure, such as Ontario and Quebec, which then improves affordability for customers. The CRTC says in its latest decision that the rules effectively balance the need for both competition and investment, while only having a "modest" near-term effect on the market share of regional carriers. It says it plans to closely monitor the effect of the framework on the industry, noting there have been "early indicators of improved competitive intensity" but that the extent to which the new rules "will ultimately be successful is still unknown." This report by The Canadian Press was first published June 20, 2025. Companies in this story: (TSX:BCE, TSX:T, TSX:RCI-B) Sammy Hudes, The Canadian Press Sign in to access your portfolio
Yahoo
12-06-2025
- Business
- Yahoo
Telus International shares surge following buyout proposal from parent Telus Corp
-- Shares of Telus (NYSE:TU) International (TSX:TIXT) surged more than 24% on Thursday after receiving an unsolicited acquisition proposal from majority owner Telus Corp (TSX:T). The Canadian telecom giant offered $3.40 per share in cash for the remaining equity it does not already own in the digital services provider. Telus Corp currently holds 57.4% of Telus International's total outstanding shares and close to 87% of all voting rights. Following the announcement, Telus Corp's own shares edged up 0.7% in trading. The acquisition is subject to several conditions, including due diligence, negotiation of definitive agreements, and regulatory clearances in Canada and the U.S. Telus International emphasized that no binding agreement has been signed and that there is no guarantee the transaction will be finalized. A special committee of independent directors will be formed to review and assess the proposal, according to the company. "Given the structural challenges and uncertain demand backdrop, along with the preexisting partnership and ownership of Telus Corp, we expect the proposed acquisition to close without many hurdles," said Maggie Nolan, an analyst at William Blair. She maintained a Market Perform rating on the stock, adding, "The macroeconomic backdrop has pressured growth prospects in the near term, and we expect that Telus Digital's margins will remain under pressure due to challenges with the recent cost optimization initiatives, pricing pressure from competitive forces, and a mix shift into more AI-related solutions." Management at Telus Corp. sees the transaction as a strategic maneuver that could align digital strategy and capital allocation across the broader Telus ecosystem. The company aims to integrate Telus Digital's capabilities to strengthen initiatives across its telecom, healthcare, and agricultural units. While the offer reaffirms Telus Corp's commitment to accelerating digital innovation and operational synergy, governance processes related to shareholder fairness are expected to play a pivotal role. Telus International reiterated that all strategic alternatives remain under consideration. Related articles Telus International shares surge following buyout proposal from parent Telus Corp GameStop bets on trading cards, stock continues slide FTSE 100 today: shares rise as U.K. GDP falls; Pound nears $1.36; Tesco gains Sign in to access your portfolio
