PR Newswire·Nov 6, 2026, 6:45 AM ET

TELUS Reports Third Quarter 2026 Results, Demonstrates Continued Discipline in Core Telecom; Advances Transformation Strategy

TELUS Corporation reported a third-quarter 2026 net loss of $660 million driven by an $800 million non-cash goodwill impairment on TELUS Health.
Consolidated service revenue declined 1 per cent to $4.5 billion, while Adjusted EBITDA fell 5 per cent to $1.8 billion.
The company announced a Transformation Strategy targeting $900 million in annualized cash savings by 2028 through operational efficiencies.
TELUS is accelerating the monetization of non-core assets, specifically TELUS Health & Consumer Goods, to fund debt reduction.
Net debt to Adjusted EBITDA stands at 3.6 times, with a commitment to reach 3.0 times or lower by year-end 2028.
Mobile network revenue grew 1 per cent, supported by 84,000 net new customers & a churn rate of 1.01 per cent, a three-year low.
Marc Allera & Bill Thomas were appointed to the Board of Directors effective January 1, 2027.
TELUS reaffirmed its full-year 2026 guidance, projecting flat to negative 2 per cent service revenue growth & Adjusted EBITDA decline of 2 to 4 per cent.
Strategic investments continue in Canada's core telecom & AI infrastructure, leveraging the PureFibre network for data centre connectivity.
TELUS declared a quarterly dividend of $0.1875 per share payable on January 4, 2027.
Consolidated capital expenditures increased 8 per cent to $701 million, primarily to expand network infrastructure.
TELUS Digital revenues decreased due to client ramp-downs from hyperscale clients, offset partially by cost savings.
Free cash flow for the quarter decreased 35 per cent to $396 million due to lower EBITDA & higher capital expenditures.

Company: TELUS Corporation
Keywords: TELUS Corporation