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TELUS Corporation's Strategic Move: Redemption of 3.75% Notes

On December 16, 2025, TELUS Corporation, a leading telecommunications company, officially announced its decision to redeem all outstanding C$600 million 3.75% Notes, Series CV, which are due to mature on March 10, 2026. This decision comes as part of TELUS's proactive financial management strategy.

Details of the Redemption

The redemption is set to take place on January 16, 2026. Investors holding these Notes will receive a redemption price calculated in accordance with the applicable indenture, reflecting the company’s commitment to efficiently managing its capital structure and obligations.

Such redemption of debt is often seen as a tactical move by corporations. TELUS’s decision may be motivated by favorable conditions in the financial markets, potentially providing the company with opportunities to reduce interest expenses or refinance its debts on more favorable terms. It emphasizes TELUS's dedication to optimizing its financial flow, ensuring that it can further invest in innovative technologies and services that enhance customer experiences.

About TELUS Corporation

TELUS Corporation stands out in the telecommunications sector, with a robust presence across more than 45 countries and generating over C$20 billion in annual revenues. The company has forged meaningful connections with over 20 million customers through its extensive suite of broadband services, catering to consumers, businesses, and public entities alike.

TELUS is not just a telecommunications giant; its vision revolves around leveraging technology to drive positive human outcomes. The company excels in client service excellence, underscoring the importance of putting customers and communities at the forefront of its operations. Under its TELUS Health initiative, the company extends well-being solutions, enhancing the quality of life for over 160 million individuals across 200 territories through preventive medicine and innovative technologies.

Furthermore, TELUS Agriculture & Consumer Goods is crucial in utilizing digital insights and technologies to optimize the relationship between producers and consumers, demonstrating the company’s broadening scope beyond traditional telecommunications. TELUS Digital underscores the importance of digital transformations in today’s customer journey, delivering essential value through its digital solutions.

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