TELUS Executives Showcase Confidence in Company Through Significant Share Purchases

In a resounding display of confidence in the future of TELUS Corporation, several members of the executive leadership team, including President and CEO Darren Entwistle, have made substantial share purchases. The board of directors alongside the executive team acquired a total of 357,090 additional shares from open market transactions through November and December 2025. This decision is said to underscore their belief in TELUS' promising value proposition and long-term growth prospects.

As it stands, senior executives and board members collectively hold around 2.4 million TELUS common shares. Notably, Darren Entwistle has committed to taking his entire salary in the form of TELUS shares, a practice he has upheld since 2010 during several years including 2014 through 2015. This seamless alignment of leadership interests with shareholder goals emphasizes TELUS’ dedication to maximizing sustainable shareholder value.

In tandem with these share purchases, TELUS reported progress on its normal course issuer bid (NCIB). The company successfully bought back 2,299,753 common shares at an average price of $17.3932 per share, representing an 18% discount compared to TELUS' average share price for the preceding twelve months. Authorized under a $500 million share buyback program announced on December 15, 2025, these acquisitions assert TELUS' belief that their current share price does not adequately reflect the strong fundamentals and significant opportunities for growth within their operations.

These repurchases contribute to TELUS' strategic plan—aimed at systematically enhancing their balance sheet during a time of promising operational performance. Moving forward, the company is set to reduce its dividend reinvestment plan, or DRIP, discount, initiating in the first quarter of 2026, aiming for meaningful free cash flow growth with a targeted 10% compounded annual growth rate through 2028.

TELUS is also pursuing a deleveraging strategy, aiming for a net debt to adjusted EBITDA ratio of approximately 3.3 times or lower by the end of 2026 and reducing this further to 3.0 times by the close of 2027. This plan reflects TELUS’ robust operational and financial performance and their confidence in generating meaningful free cash flow, which underlines their growth strategy and resilience in ever-changing market conditions.

While the leadership’s purchases and strategic policies are commendable, they also bring to light the inherent risks associated with forward-looking statements about financial performance. Investors are reminded that such statements, including targets for free cash flow growth and dividend coverage ratios, are subject to market variables that could lead to different outcomes than those anticipated.

TELUS is a prominent player in the communications technology sector, serving customers across 45 countries and generating over $20 billion in revenue annually with more than 20 million customer connections. The firm emphasizes the importance of innovative technology to improve human outcomes across various sectors, including health and agriculture, driving its commitment towards community well-being and client service excellence.

Through its responsible operational strategies and significant leadership actions, TELUS continues on its journey of growth while keeping a sharp focus on value creation for its shareholders. As the company boldly claims its share of the telecommunications landscape, stakeholders can remain assured of TELUS’ steadfast intentions towards a sustainable future.

For more information about TELUS, visit telus.com or check their latest updates on social platforms.