#Canada #Vancouver #TELUS #stock purchases #Darren Entwistle

TELUS Leadership Demonstrates Confidence in the Future

On January 5, 2026, TELUS Corporation announced that key members of its leadership, including the Board of Directors and President/CEO Darren Entwistle, have acquired a considerable number of shares in the company. This strategic move, which took place over November and December, involved the purchase of 357,090 additional shares, reinforcing the leadership's confidence in TELUS's robust value proposition and long-term growth trajectory.

As of December 31, 2025, TELUS's executive leadership and board members collectively hold around 2.4 million common shares. Notably, CEO Darren Entwistle has continued a practice he adopted from 2010 to 2015, wherein he receives his entire salary in TELUS shares. This commitment not only aligns his interests with those of TELUS shareholders but also illustrates a strong belief in the company’s potential for sustainable value creation.

Moreover, TELUS has also announced a buyback initiative under its normal course issuer bid (NCIB), which began on December 17, 2025, allowing for the purchase of $500 million worth of its shares over a 12-month period. Within the framework of the NCIB, TELUS has already repurchased 2,299,753 common shares at an average price of $17.3932 each, significantly below the average price per share over the past year by 18%. This disciplined approach highlights TELUS's conviction that its current share price does not reflect its strong fundamentals and the numerous growth opportunities ahead.

In the midst of these share purchases, the company is simultaneously progressing on its deleveraging strategy. TELUS has set an ambitious target to lower its net debt to adjusted EBITDA ratio to approximately 3.3 times by the end of 2026 and to 3.0 times by the end of 2027. This initiative comes as part of a broader strategy aimed at achieving a compounded annual growth rate in free cash flow of at least 10% through 2028.

Forward-Looking Statements and Financial Commitments

TELUS emphasizes the importance of caution regarding forward-looking statements made during this announcement. Such statements include predictions about financial performance, targets for share repurchases under the NCIB, forecasts for free cash flow growth, and plans regarding the company's dividend reevaluation. Investors are advised to be mindful that actual future results may differ from those projected, influenced by various market conditions and operational factors.

In providing insights into its vision, TELUS highlights its role as a global leader in communications technology, operating across more than 45 countries and generating over $20 billion in annual revenue. The dedication to customer service excellence and social capitalism remains at the core of TELUS's ethos, with ongoing investments in community well-being and health innovations.

The company recently launched the TELUS Student Bursary initiative, aimed at supporting young Canadians in their pursuit of higher education. To date, this program has successfully distributed over $6 million in bursaries to more than 1,600 students. TELUS has also made significant contributions to various causes, reflecting its long-standing commitment to corporate social responsibility.

This recent activity by TELUS's leadership not only manifests confidence in the company's future but also highlights a unified approach to aligning corporate objectives with shareholder interests, reinforcing the notion that TELUS is on track for promising developments in the years to come.