AI-Linked Revenue GrowthAI was the focus of the earnings call with TELUS sharing its expectation for AI-linked revenue to increase to $2.0bn by 2028E from $800mn in 2025E.
Asset Sales And Debt ReductionManagement is highly motivated to deliver on asset sales, which will lower interest costs, with free cash flow expected to cover 100% of the cash dividend by the end of 2027.
Dividend StabilityTELUS is maintaining the current quarterly dividend and has indicated no intention to cut it, which may alleviate concerns about dividend sustainability.