TELUS Corporation's Strong Q2 Growth and Strategic Investments in Telecommunications
- TELUS gained 198,000 new customers in Q2 2025, driven by bundled services and PureFibre expansion.
- The company reported a 2% revenue increase to $5.1 billion, supported by growth in technology and TELUS Health segments.
- TELUS announced a $1.26 billion investment in Terrion, enhancing its infrastructure and commitment to operational excellence.
TELUS Corporation’s Growth Strategy and Financial Performance
TELUS Corporation displays robust growth and resilience in the competitive telecommunications landscape, as evidenced by its impressive financial results for the second quarter of 2025. The company reports a total customer growth of 198,000, driven predominantly by a surge in demand for its bundled services and the strategic expansion of TELUS PureFibre connectivity. This growth is particularly notable in the mobile segment, which contributes 167,000 new customers, while the fixed services add another 31,000. Such customer acquisition highlights TELUS's commitment to enhancing its service offerings and positioning itself as a leader in the telecommunications sector.
In addition to customer growth, TELUS experiences a 2% year-over-year increase in operating revenues, reaching $5.1 billion. This revenue growth is primarily fueled by heightened service revenues in its technology and TELUS Health segments, indicating a successful diversification of its business model. The adjusted EBITDA sees a 4% increase, and consolidated free cash flow rises by 11%. These metrics not only reflect the company's operational efficiency but also solidify its financial health as TELUS reaffirms its 2025 targets for continued revenue and EBITDA growth, alongside significant capital expenditures aimed at infrastructure development.
TELUS also makes strategic moves to strengthen its market position, including a definitive agreement to acquire a 49.9% stake in Terrion, a new wireless tower infrastructure operator. This $1.26 billion investment is expected to monetize TELUS's extensive tower infrastructure portfolio, further enhancing its operational capabilities. CEO Darren Entwistle emphasizes the company's focus on operational excellence and innovation, particularly through AI-driven smart home solutions and next-generation healthcare services. These initiatives enhance productivity and quality of life for Canadians, underscoring TELUS's commitment to leveraging technology as a cornerstone of its growth strategy.
In a related development, TELUS announces a quarterly dividend of $0.4163 Canadian per share, payable on October 1, 2025. This decision, communicated by Executive Vice President Andrea Wood, reflects the company's dedication to returning value to its shareholders amidst ongoing business operations. Furthermore, TELUS has been actively managing its debt through strategic financial maneuvers, including pricing cash tender offers for various debt securities, showcasing a proactive approach to maintaining its financial stability.
Overall, TELUS Corporation's financial performance and strategic initiatives reflect its robust business model and focus on customer service excellence, positioning the company for continued success in the evolving telecommunications industry.
