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Telus ( (TSE:T) ) just unveiled an announcement.
TELUS is exploring the sale of a minority stake in its wireless tower infrastructure to enhance network operations and strengthen its balance sheet. This move aims to provide financial flexibility, allowing TELUS to pay down debt and achieve a leverage target by 2027, while maintaining its commitment to sustainable growth and stakeholder value.
More about Telus
TELUS is a leading communications technology company with over $20 billion in annual revenue and more than 20 million customer connections. It offers a comprehensive suite of broadband services for consumers, businesses, and the public sector. TELUS is recognized for its commitment to customer service excellence and social capitalism, with significant contributions to community service and innovative health and agriculture technologies.
YTD Price Performance: 6.01%
Average Trading Volume: 3,779,465
Technical Sentiment Signal: Strong Buy
Current Market Cap: $21.42B
See more data about T stock on TipRanks’ Stock Analysis page.