| Telus Corporation | |
| Type: | Public |
| Isin: | CA87971M1032 |
| Trade Name: | TELUS |
| Predecessor: | Alberta Government Telephones (AGT) and British Columbia Telephone Company (BC Tel) |
| Industry: | Telecommunications Information Technology Consulting Health Safety Security Agriculture |
| Area Served: | Worldwide |
| Key People: | Darren Entwistle, President and CEO Doug French, CFO |
| Products: | HSPA+, LTE, 5G |
| Revenue: | CA$14.66 billion (FY19) CA$14.37 billion (FY18) |
| Operating Income: | CA$2.98 billion (FY19) CA$2.84 billion (FY18) |
| Net Income: | CA$1.78 billion (FY19) CA$1.62 billion (FY18) |
| Assets: | CA$7.98 billion (FY19) CA$3.06 billion (FY18) |
| Num Employees: | 108,500 (2023)[1] |
| Foundation: | 1990 |
| Location: | 510 West Georgia Street, Vancouver, British Columbia, Canada |
Telus Corporation (also shortened and referred to as Telus Corp.) is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications Inc. offers telephony, television, data and Internet services; Telus Mobility, offers wireless services; Telus Health operates companies that provide health products and services; and Telus International operates worldwide, providing multilingual customer service outsourcing and digital IT services.Telus has a long history and is listed with the Toronto Stock Exchange (TSX: T).
Telus Corporation is the parent company of Telus Communications, Telus Mobility, Telus Health, and Telus International. Telus Health, which was formerly known as Emergis, an e-Business was acquired by Telus Corporation in 2007 for $763 million.[2] Telus Health was divided into three segments—'Telus Health Solutions, Telus Assyst Real Estate, and Telus Financial Solutions.
The Alberta Government Telephones (AGT), had served as the major telephone provider for the province of Alberta from 1906—when it was first established by the Liberal Party of Alberta under the tenure of then Premier of Alberta, Alexander Cameron Rutherford, until the 1990s—when then Premier Don Getty began the privatization process.[3] NovaTel's liabilities eventually cost the government more than $600 million. The initial public offering of the newly established Telus' shares, represented the largest in Canadian history up to this time. The following year the provincial government divested its remaining ownership interest in Telus for $870 million.[4] By 1996, the former brand names, ED TEL and AGT had been retired. All Telus products and companies adopted the TELUS brand name.[4]
Telus merged with British Columbia Telephone Company (BC Tel) in 1999, with the merged company keeping the TELUS brand name. The headquarters of BC Tel in Burnaby, BC became the headquarters of the merged Telus Corporation, and the company moved its corporate headquarters to Vancouver after completion of the Telus Garden complex.
See main article: Telus Communications. Telus Corporation's principal subsidiary is the wholly owned Telus Communications Inc. Only serving customers in Canada, services include data, internet, voice, TV subscriptions, alarm monitoring, and wireless services. It also has mobile phones, tablets, and smart watches.[5] Telus Communications merged its mobility and home service divisions in 2023, creating Telus Consumer Solutions.[6]
See main article: Telus Health. In the summer of 2018, Telus acquired a "chain of medical clinics" for over $100 million. Telus also spent more than "$2 billion on digital health ventures." This included purchasing the "electronic medical record software" used by half of Canada's doctors. By March 2019, Telus had "become the biggest health-care information technology company in Canada". Telus has also partnered with the UK-based software developer and operator, Babylon, to launch a Telus Health app in Canada—digital chatbot capable of checking symptoms— in a cost and revenue sharing initiative.[7]
See main article: Telus International. Telus International is the global arm of Telus Corporation, providing global contact center and business process outsourcing services to corporations in the financial services, consumer electronics and gaming, telecommunications, energy and utilities industries.
Telus International has contact centers in the Philippines, the United Kingdom, Central America (Guatemala and El Salvador), and Eastern Europe (Bulgaria and Romania), where it is known as Telus International Europe.
For the fiscal year 2019, Telus Corporation reported earnings of CA$5.554 billion, with an annual revenue of CA$14.658 billion, an increase of 8.8% over the previous fiscal year. Telus Corp operates the largest telecommunications company (Telus Communications Inc.) in Western Canada and the second largest in Canada.[8]
| 2019[9] | 14,658 | 1,780 | 37,975 | 14.7800 | 65,600 | |
| 2018[10] | 14,368 | 1,620 | 33,057 | 19.3650 | 58,000[11] | |
| 2017[12] | 13,408 | 1,578 | 31,053 | 16.5700 | 53,630 | |
| 2016[13] | 12,799 | 4,229 | 27,729 | 18.9350 | 51,250 | |
| 2015[14] | 12,502 | 4,262 | 26,406 | 13.8250 | 47,640 | |
| 2014[15] | 12,002 | 4,216 | 23,217 | 18.0200 | 43,700 | |
| 2013[16] | 11,404 | 4,018 | 21,566 | 17.2200 | 43,400 | |
| 2012[17] | 10,921 | 3,859 | 20,445 | 16.2850 | 42,400 | |
| 2011[18] | 10,397 | 3,665 | 19,931 | 13.3875 | 41,000 | |
| 2010[19] | 9,792 | 3,568 | 19,624 | 10.8900 | 34,800 |
According to Yahoo Finance, Telus Corporation received an Institutional Shareholder Services (ISS) governance risk score of 5 out of 10, as of 3 December 2019.[20]
The current board of directors as of September 2022[21]
R.H. (Dick) Auchinleck, the Chairman of Telus Corporation's board of directors, has been lead director since 2014, when Brian Canfield stepped down. Auchinleck, who has served on the Telus board since c. 2004, had previously been CEO at Gulf Canada Resources.[22] [23]
The current executive teams as of September 2022[24]