On June 12, 2025, Telus announced its intention to acquire the remaining shares of its digital services subsidiary, Telus Digital, aiming to gain complete ownership and enhance its artificial intelligence (AI) capabilities. Currently holding approximately 57% of Telus Digital, Telus has proposed to purchase the remaining shares at $3.40 per share, valuing the company at around $946.8 million. This offer represents a 15% premium over the subsidiary's recent U.S. stock closing price.
Telus Digital specializes in assisting businesses with AI adoption and data strategy development. The move to fully integrate this unit underscores Telus's commitment to embedding AI more deeply across its operations. CEO Darren Entwistle emphasized that full ownership would facilitate enhanced AI capabilities and support the company's transition towards software-as-a-service (SaaS) models.
This acquisition aligns with Telus's broader strategic plan, which includes a C$70 billion investment over the next five years to expand Canada's network infrastructure and launch two new AI data centers. These initiatives are part of Telus's effort to bolster innovation and economic growth within the country.