Why Did TELUS International Soar 15.21%? AI Acquisition Drives Surge

TELUS International's stock surged by 15.21% in pre-market trading on September 2, 2025, marking a significant rise in investor confidence and market sentiment.

TELUS Corporation has announced its intention to acquire all outstanding shares of TELUS Digital, a subsidiary, for $539 million. This strategic move aims to enhance AI and SaaS transformation across various sectors, including telecommunications, health, agriculture, and consumer goods. The acquisition is expected to create closer operational integration between TELUS and TELUS Digital, driving positive outcomes for global customers and delivering significant value to shareholders.

The transaction has received unanimous approval from TELUS Digital's Special Committee and Board of Directors, who determined that the arrangement is in the best interests of TELUS Digital and fair to minority shareholders. The purchase price of $4.50 per share will be payable in cash, TELUS common shares, or a combination of both, with shareholders electing alternative payment methods subject to proration.

TELUS Digital's largest minority shareholder, EQT, has agreed to support the transaction and will hold approximately 37.7% of the outstanding subordinate voting shares following the conversion of all multiple voting shares. The transaction is expected to close in the fourth quarter of 2025, subject to shareholder, court, and regulatory approvals.