TELUS

TELUS and L-SPARK announced a partnership to give Canadian startups access to the TELUS Sovereign AI Factory, the country’s most powerful supercomputer. The initiative addresses a key constraint facing domestic AI firms: limited access to high-performance compute without relying on foreign infrastructure.

Powered by NVIDIA H200 GPUs and Quantum 2 InfiniBand networking, the facility enables startups to train and deploy models under Canadian jurisdiction. TELUS CIO Hesham Fahmy said the collaboration keeps sensitive data, intellectual property, and economic value in Canada. The program prioritizes regulated sectors such as healthcare, finance, and public services, expanding enterprise-grade AI infrastructure to companies of all sizes nationwide.

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Telus has frozen its dividend growth and is seeking a strategic partner to invest in Telus Health, arguing its current share price fails to reflect the company’s long-term growth prospects. The telecom will also discontinue its discounted share dividend program and accelerate asset sales.

Chief financial officer Doug French said Telus aims to integrate recent acquisitions LifeWorks and Workplace Options before securing a partner investment valued between $1 billion and $2 billion, potentially through a joint venture within 18 months. Telus is also exploring partnership opportunities for Telus Agriculture. Shares rose roughly 2.4 percent on the announcement.

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A new TELUS study finds that Gen Z, North America’s first “AI generation,” is leading the adoption of artificial intelligence—especially in education. Nearly half of Gen Z respondents in Canada (46%) and the U.S. (45%) support AI in classrooms, citing benefits such as accessibility and personalized learning.

TELUS Chief Data & Trust Officer Pam Snively said AI will enhance education but also demand new teaching approaches emphasizing creativity and critical thinking. Despite optimism, concerns persist: 90% of Canadian Gen Z worry about AI’s societal impact, while 48% fear job loss through automation.

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TELUS has opened Canada’s first fully sovereign AI factory in Rimouski, Quebec. Powered by NVIDIA GPUs and HPE infrastructure, the facility keeps sensitive data within Canadian-controlled data centres, marking a milestone for technological independence. CEO Darren Entwistle said the factory ensures businesses and governments no longer rely on foreign-controlled systems for AI.

The factory enables model training, fine-tuning, and deployment for Canadian enterprises. Federal AI Minister Evan Solomon called it a key step in national competitiveness, while NVIDIA and HPE leaders said the initiative strengthens Canada’s digital sovereignty. A Kamloops site is planned next.

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Telus is buying back full control of Telus Digital after raising its offer by 32 percent, the Vancouver-based telecom confirmed. The company will now pay US$4.50 per share—up from US$3.40—spending a total of US$539 million. Telus Digital, spun out in a 2021 IPO that raised US$1.06 billion, provides outsourcing and technology services, including AI datasets and call centres.

CEO Darren Entwistle said the reacquisition restores “closer operational proximity” to key digital expertise. With minority shareholder EQT supporting the deal, Telus expects the transaction to close by year’s end, bringing the unit fully back under parent company ownership.

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TELUS and TransUnion have launched Branded Call Display in Canada, a new service that allows participating businesses to show their name, logo, and call reason on recipients’ mobile phones. Aimed at reducing fraud and improving call engagement, the service authenticates calls in real time, helping Canadians distinguish legitimate communication from spoofed numbers.

A recent TransUnion survey found 70% of Canadians are more likely to answer verified calls. TELUS says the initiative builds on efforts to modernize voice communications, including previous work with STIR/SHAKEN protocols to fight robocalls and scams.

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Telus posted $301 million in net income this quarter, more than doubling last year’s result. The Vancouver-based telecom added over 1.1 million subscriptions across its service lines, prompting a 7% dividend increase to $1.67 annually. While average revenue per mobile user declined, customer growth—particularly for unlimited North America plans—strengthened performance.

Telus Health and Telus Digital also contributed rising revenue. The results come in stark contrast to Bell’s, which cut its dividend by over 50% to manage debt. Telus’s diversified strategy appears to be cushioning it against industry pressures and securing long-term shareholder value.

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