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TELUS Corporation's Strategic Financial Move

TELUS Corporation, a leading communications technology firm, has recently made headlines by announcing its plan for a partial redemption of its 2.75% Notes, Series CZ, which are due on July 8, 2026. This strategic decision will allow TELUS to redeem an aggregate principal amount of C$500 million, starting from May 8, 2026. With a total outstanding principal amount of C$800 million for these notes, this partial redemption is set to enhance TELUS's financial strength and stability.

Details of the Redemption

The company has disclosed that the redemption will occur on a pro rata basis, meaning that the notes will be selected for redemption in proportion to their outstanding amounts. The redemption price will be calculated according to the relevant indenture provisions, ensuring a transparent process for stakeholders. TELUS plans to finance this move using proceeds from its Fixed-to-Fixed Rate Junior Subordinated Notes offerings that were completed in December 2025. This financial maneuver reflects the company's effort to manage its debt and align its capital structure effectively.

About TELUS Corporation

Founded in 1990, TELUS Corporation operates as a prominent communications and technology provider in more than 45 countries. With a remarkable annual revenue exceeding $20 billion, TELUS serves over 21 million customer connections globally through a diverse array of broadband services tailored for consumers, businesses, and the public sector. The organization prides itself on leveraging technology to foster significant positive outcomes for human lives.

TELUS is more than just a telecommunications company; it's dedicated to prioritizing customer satisfaction and community well-being. The firm has a long-standing reputation for delivering exceptional client service and actively engages in social capitalism. TELUS Health, for example, is committed to enhancing the quality of life for more than 161 million individuals across 200 nations through innovative healthcare technologies and preventive solutions.

Commitment to Community and Education

The company's dedication to corporate social responsibility is evident through numerous initiatives supporting health, education, and community welfare. Among these efforts is the TELUS Student Bursary program, launched in 2023, which aims to provide educational opportunities to young Canadians aspiring for post-secondary education. To date, the program has successfully distributed over $6 million in bursaries to 2,000 students, reflecting TELUS’s commitment to enabling access to education for all.

TELUS has also earned recognition as the world’s most giving company, having collectively contributed $1.85 billion in cash and in-kind donations since the year 2000. Their employees and retirees have collectively volunteered 2.5 million days of service, further solidifying the company's reputation as a socially responsible organization.

Conclusion

As TELUS moves forward with this partial redemption, the company indicates its proactive approach to maintaining financial health while continuously fostering community development and customer relations. By adhering to its core values and leveraging its technological assets, TELUS is poised to remain a formidable player in the global telecommunications and technology landscape.

For further updates and information about TELUS Corporation and its initiatives, interested parties can visit their official website or follow them on their social media channels.