Telus offers to fully own digital unit for greater control of AI capabilities

June 12, 2025

, By The Economic Times

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ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/telus” target=”_blank”>Telus said on Thursday it intends to acquire the shares in its listed digital services subsidiary it does not currently own, as the Canadian telecom firm seeks greater control of the unit’s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/artificial-intelligence-capabilities” target=”_blank”>artificial intelligence capabilities.

The company has offered $3.40 per share to acquire the shares it does not own in Telus Digital, valuing the unit at $946.8 million, according to Reuters’ calculation. Telus currently holds about 57% of the digital unit’s outstanding shares directly and through its other units.

This is a 15% premium to the last closing price of…

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Telus offers to fully own digital unit for greater control of AI capabilities

June 12, 2025

, Published By The Economic Times

ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/telus” target=”_blank”>Telus said on Thursday it intends to acquire the shares in its listed digital services subsidiary it does not currently own, as the Canadian telecom firm seeks greater control of the unit’s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/artificial-intelligence-capabilities” target=”_blank”>artificial intelligence capabilities.

The company has offered $3.40 per share to acquire the shares it does not own in Telus Digital, valuing the unit at $946.8 million, according to Reuters’ calculation. Telus currently holds about 57% of the digital unit’s outstanding shares directly and through its other units.

This is a 15% premium to the last closing price of…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Innovation takes a backseat at small companies as tariffs become a full-time preoccupation

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PhonePe Offloads 5% Stake In MapmyIndia For INR 486 Cr

The Economic Times

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