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TELUS Acquires Full Ownership of TELUS Digital to Enhance AI and SaaS Capabilities

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TELUS Acquires Full Ownership of TELUS Digital to Enhance AI and SaaS Capabilities

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Telus ( (TSE:T) ) has provided an update.

TELUS Corporation has announced a definitive agreement to acquire full ownership of TELUS Digital by purchasing all outstanding shares not already owned for US$4.50 per share, totaling US$539 million. This acquisition aims to integrate TELUS Digital’s capabilities in AI and SaaS with TELUS’s operations, enhancing service offerings across various sectors and accelerating global growth. The transaction has been unanimously recommended by TELUS Digital’s independent Special Committee and Board of Directors, highlighting the immediate value and liquidity it provides to shareholders, as well as the potential for continued growth and innovation in a competitive market.

The most recent analyst rating on (TSE:T) stock is a Hold with a C$22.00 price target. To see the full list of analyst forecasts on Telus stock, see the TSE:T Stock Forecast page.

Spark’s Take on TSE:T Stock

According to Spark, TipRanks’ AI Analyst, TSE:T is a Outperform.

Telus demonstrates strong financial performance and strategic growth initiatives, particularly in TELUS Health and infrastructure monetization. While the high P/E ratio suggests potential overvaluation, the attractive dividend yield and positive earnings call insights support a favorable outlook. Technical indicators show a positive trend, though caution is advised due to overbought signals.

To see Spark’s full report on TSE:T stock, click here.

More about Telus

TELUS Corporation operates in the telecommunications industry, offering a range of services including digital customer experience solutions, AI innovations, and SaaS transformation. The company is focused on sectors such as telecommunications, health, agriculture, and consumer goods, with a strategic aim to enhance its global presence in key verticals like financial technology, gaming, communications, media, and health.

Average Trading Volume: 3,428,236

Technical Sentiment Signal: Buy

Current Market Cap: C$34.75B

Learn more about T stock on TipRanks’ Stock Analysis page.

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