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Telus to Acquire Remaining Shares of Digital Unit for $539m, Expanding AI and SaaS Capabilities
ByAinvest
Wednesday, Sep 3, 2025 7:12 am ET1min read
Canadian telecom company Telus is acquiring the remaining shares of its digital services unit for $539m, or $4.50 per share. The deal, with a total transaction value of $2.9bn, aims to facilitate closer integration of Telus' AI and software capabilities. The transaction has received unanimous support from Telus Digital's Board of Directors and largest minority shareholder Riel.
Canadian telecommunications giant Telus has entered into a definitive agreement to acquire the remaining shares of its digital services unit, Telus Digital, for $539 million, or $4.50 per share. The total transaction value stands at $2.9 billion, reflecting Telus' strategic commitment to digital innovation and operational integration.The acquisition aims to facilitate closer integration of Telus' AI and software capabilities, enhancing its position in the telecommunications, health, agriculture, and consumer goods sectors. Telus Digital's world-leading capabilities in digital customer experience solutions and AI innovations are highly complementary to Telus' strategy, as stated by Telus President and CEO Darren Entwistle.
The transaction has received unanimous support from Telus Digital's Board of Directors and its largest minority shareholder, Riel B.V. The acquisition price represents a 52.0% premium over Telus Digital's unaffected closing price on June 11, 2025. Shareholders can opt for payment in cash, Telus common shares, or a combination of both, with no more than 25% of the consideration in Telus common shares.
The acquisition is expected to close in the fourth quarter of 2025, subject to shareholder and regulatory approvals. The transaction values Telus Digital's equity at approximately $1.3 billion, based on approximately 114.3 million outstanding subordinate voting shares and 164.4 million outstanding multiple voting shares.
References:
[1] https://www.businesswire.com/news/home/20250902024297/en/TELUS-and-TELUS-Digital-Enter-into-a-Definitive-Arrangement-Agreement-for-TELUS-to-Acquire-Full-Ownership-of-TELUS-Digital
[2] https://www.verdict.co.uk/telus-acquire-remaining-shares-digital-unit/
[3] https://www.telus.com/en/about/news-and-events/media-releases/telus-and-telus-digital-enter-into-a-definitive-arrangement-agreement-for-telus-to=acquire-full-ownership-of-telus-digital
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