Yesterday, 10:24 AM
- Telus (NYSE:TU) has gotten the OK from the Toronto Stock Exchange for a new normal course issuer bid, to buy up to $250M in shares.
- The 2017 NCIB commences on Friday and allows for purchasing and canceling up to that amount (and up to 8M shares) over the next 12 months.
- The company's 2016 program ended Sept. 14 with Telus buying and canceling just over 9.69M shares (1.6% of outstanding) for $379M over the past 12 months.
- That comes to a cumulative total of 66M shares bought and canceled since the multi-year program started in 2013 (a total of 10.1% reduction in shares outstanding, and dividend savings of $261M).
- Per TSX rules, the maximum number of shares the company can buy on one trading day is 260,356 (25% of average daily volume).
Wed, Sep. 14, 7:25 PM
- Telus (NYSE:TU) has launched an offering of $600M in senior notes, with a plan to repay its commercial paper.
- The 10-year notes come at 2.8%, priced at $991.89 per $1,000 in principal (effective yield 2.891%).
- Net proceeds will be used to repay about $453M in commercial paper, and for general purposes.
- The underwriting syndicate is led by Merrill Lynch; Pierce Fenner & Smith; RBC Capital Markets; and Wells Fargo. The offering's expected to close Monday.
- After hours: TU +0.4%.
Thu, Sep. 8, 1:22 PM
- Telus' (TU -1%) Health division has closed an acquisition of Nightingale Informatix's (OTC:NIGTF) Canadian operations.
- Telus will take on 42 Nightingale employees as it acquires the company's proprietary electronic medical record software and almost 5,000 physician customers in the country.
- "Canada has made great strides in the last few years in transitioning from paper to digital in our primary healthcare clinics, which is where over 70% of patient interactions take place," Telus Health chief Paul Lepage said.
- The company is Canada's largest health IT services provider. In six-month earnings, increased services revenue from Telus Health contributed to wireline service revenues that increased by $162M Y/Y.
Fri, Aug. 5, 10:56 AM
- Telus (TU +1%) beat on top and bottom lines with its Q2 earnings as profits rose 2.2% amid lower costs.
- EBITDA rose 10% to $1.19B, beating an expected $1.18B.
- Revenue by segment: Wireless, $1.6B (up 2.6%); Wireline, $1.4B (up 1%).
- It added 92,000 net customers in wireless postpaid, high-speed Internet and TV; including 61,000 net new wireless postpaid, 18,000 high-speed Internet, and 13,000 Telus TV customers. Traditional telephone lines and wireless prepaid declined.
- Wireless postpaid churn was 0.9%. Total wireless subscriber base is up 0.9% to 8.4M (postpaid up 2.1% to 7.4M).
- For the full year, it's increased the lower end of its expected revenue range by $25M, meaning it forecasts $12.775B-$12.875B in revenues. It's expected EBITDA of $4.65B-$4.755B (vs. $4.62B expected).
- Conference call to come at 11 a.m. ET.
- Press Release
Fri, Aug. 5, 6:28 AM
Fri, Aug. 5, 6:03 AM
Tue, Jul. 19, 10:45 AM
- Telus (TU -0.5%) says it's bringing 4K TV to Western Canada first, launching the ultra-high-definition service on its Optik TV.
- The company says its initial rollout will include TSN 4K, adrenaline sports On Demand, and Stingray Ambiance along with on-demand movies and original local content.
- The company's new 4K PVRs (free with two-year contract) double the capacity of current models, storing 100 hours of 4K content or 400 hours of HD content.
Thu, Jul. 14, 10:23 AM
- Telus (TU +0.8%) has a deal to acquire the Canadian business of Nightingale Informatix (OTC:NIGTF), a provider of electronic medical record (EMR) software.
- The business will fit into Telus Health, the telecom's unit for "telehomecare," electronic medical records, consumer health, benefits management and pharmacy management.
- Nightingale's solution is used by 4,000 doctors in Canada.
Sun, Jul. 3, 2:50 PM
- via Barclays:
- "Although stocks in the U.S. and Europe have partially bounced back from the sharp selloff sparked by the U.K. referendum result, risks remain prevalent. [Analyst] Keith Parker foresees further equity downside alongside a prolonged market bottoming process, during which positioning is likely to turn much more defensive at active managers.
- "With this in mind, our stock screen this week highlights Overweight-rated stocks that screen defensively based on sector and equity beta but are also expected to generate superior ROE and free cash flows in FY1.
- "Our screen considers the following factors: i) Large-cap (US $5 billion+) stock in the consumer staples, utilities, telecom or healthcare sectors. ii) Adjusted beta less than 1.0. iii) Rated Overweight by Barclays equity research. iv) 15%+ ROE and 4.5%+ FCF yield expected in FY1, based on Barclays estimates."
- The stocks: Aetna (NYSE:AET), BT Group plc (NYSE:BT), Cardinal Health (NYSE:CAH), Coloplast (OTC:CLPBF, OTCPK:CLPBY), CVS (NYSE:CVS), Estee Lauder (NYSE:EL), Express Scripts (NASDAQ:ESRX), Glanbia (OTC:GLAPF, OTCPK:GLAPY), Grifols (NASDAQ:GRFS), Imperial Brands (OTCQX:IMBBY, OTCQX:ITYBF), Johnson & Johnson (NYSE:JNJ), Ahold (OTCQX:AHONY, OTCQX:AHODF, OTCQX:AHOND), LabCorp (NYSE:LH), Perrigo (NYSE:PRGO), Telus (NYSE:TU), Unilever (UL, UN), UnitedHealth Group (NYSE:UNH)
- See full table here.
Wed, Jun. 1, 11:12 AM
- Telus (NYSE:TU) has closed a transaction where Baring Private Equity Asia is taking a 35% stake in its global arm.
- Baring Asia is taking the stake in Telus International, the Canadian telecom's global provider of customer service, IT, and business process services.
- The move values Telus International at C$1.2B -- about C$600M of which will be invested in expanding wireline and wireless networks.
- Telus International has more than 22,000 employees around the word, supporting more than 175M customer interactions a year.
Tue, May 31, 6:32 PM
- Moody's has put Telus' (NYSE:TU) unsecured bond ratings on review for downgrade, with a focus on how the company uses cash for shareholder returns and capital expenditures, "even as growth slows, competition increases, and a multi-year network infrastructure investment program continues at an intense pace," says Moody's Bill Wolfe.
- The review will be done within 30-60 days. It'll be done in the context of favorable operating fundamentals, the firm says, but the prospect of slowing growth.
- It's affirmed the company's Prime-2 commercial paper rating, based on the company maintaining its $2.25B revolving credit facility.
Mon, May 16, 9:36 AM
- Doug French has been named chief financial officer at Telus (NYSE:TU), replacing John Gossling, who's leaving for other opportunities after three and a half years in that role.
- French is rising from the role of corporate controller and will work with Gossling on transferring responsibilities through the end of May.
- Now read Telus Heading Towards Buy Range »
Wed, May 11, 11:09 AM
- Canada has denied an appeal by BCE of a decision that requires its telecoms to share their last-mile fiber connections.
- That means the decision by its regulator (Canadian Radio-television and Telecommunications Commission) is upheld, and smaller firms will get an expansion foothold as Canada's big three -- BCE, Telus (NYSE:TU) and Rogers Communications (NYSE:RCI) -- will have to share connections to homes and businesses.
- The CRTC made the decision to protect competition in the sector. It "strikes the right balance between the private sector having incentive to invest and consumers having a competitive choice," says Navdeep Bains, the country's minister of innovation.
- In U.S. trading: BCE -0.4%; TU +1.4%; RCI +0.5%. Shaw Communications (NYSE:SJR), entering the wireless market through its acquisition of Wind Mobile, is up 0.7%.
- Now read Shaw Communications Picking A Challenging Time To Work To Become The Fourth Major Canadian Telecom Giant »
Thu, May 5, 6:16 AM
Thu, May 5, 6:11 AM
Mon, May 2, 8:39 AM
- BCE agrees to acquire Manitoba Telecom Services (OTCPK:MOBAF) for ~C$3.9B ($2.5B), including $800M of debt, to expand its services in the Canadian province.
- BCE will pay C$40/share, a 22% premium to Manitoba Telecom’s Friday closing price in Toronto.
- The company says it plans to invest C$1B over five years after the deal closes to expand its broadband networks and services throughout Manitoba.
- BCE also says it will divest about a third of Manitoba Telecom’s postpaid wireless subscribers to Telus (NYSE:TU) following the completion of the deal.