TELUS Completes Privatization of TELUS Digital

TELUS Corporation has successfully completed the privatization of TELUS International (Cda) Inc. (TELUS Digital) through the acquisition of all outstanding shares not already owned by TELUS. The transaction, valued at approximately US$539 million, was approved by TELUS Digital shareholders and the Supreme Court of British Columbia. The integration of TELUS Digital into TELUS is expected to generate annual operational efficiencies of around $150 million, enhancing TELUS's position as a global leader in AI-powered digital customer experience and SaaS transformation. The subordinate voting shares of TELUS Digital will be delisted from the Toronto Stock Exchange and the New York Stock Exchange.