TELUS (TU) to Invest More Than $24B in Ontario Over Five Years

On May 21, 2026, TELUS Corporation (NYSE:TU) announced that it is investing much than $24B implicit the adjacent 5 years to grow and heighten its web infrastructure and operations crossed Ontario. The committedness is portion of TELUS’ broader program to deploy $66B crossed Canada by 2030 to grow its web infrastructure and operations, substance homegrown innovation, and enactment municipality and agrarian communities. Since 2000, TELUS has invested $78B successful Ontario successful exertion and operations.

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On May 11, 2026, BMO Capital lowered the firm’s terms people connected TELUS Corporation (NYSE:TU) to C$19 from C$19.50 and maintained a Market Perform standing connected the shares. Also connected May 11, Scotiabank lowered the firm’s terms people connected TELUS to C$20 from C$21.50 and maintained a Sector Perform rating.

Earlier successful May, TELUS Corporation (NYSE:TU) reported Q1 adjusted EPS of C$0.23, compared with C$0.26 past year, and gross of C$4.99B, compared with C$5.02B past year. CEO Darren Entwistle said the company’s absorption connected operational excellence and outgo ratio helped it present lawsuit maturation and unchangeable fiscal performance. TELUS reported full mobile and fixed lawsuit maturation of 262,000, driven by 12,000 mobile telephone and 229,000 connected instrumentality nett additions, on with 21,000 net lawsuit nett additions.

TELUS Corporation (NYSE:TU) operates arsenic a telecommunications institution successful Canada and internationally.

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