In its ongoing commitment to bring connectivity and cutting-edge technology to more Canadians, TELUS has been engaging advisors for several months on a number of balance sheet strengthening items, including evaluating a potential plan to sell a minority stake in our world class portfolio of wireless towers.

“We have engaged with advisors to explore the monetization of our tower infrastructure. If we are able to do this within the parameters of our desired economics, it would enhance the efficiency and effectiveness of our network operations,” said Darren Entwistle, TELUS President and CEO. “This initiative reflects TELUS’ broader commitment to long-term sustainable growth, as the company looks to strengthen its balance sheet as 100% of the proceeds would be used to pay down debt.”

“This initiative would provide TELUS the financial flexibility to pay down debt and, importantly, accelerate progress on our recently announced path to de-leveraging, including achieving a leverage target ratio of 3 times net debt to EBITDA by 2027, while concurrently turning off our discounted dividend reinvestment program over the same period,” said Doug French, Executive Vice-President and Chief Financial Officer. “This represents a distinct opportunity to create significant value for our stakeholders, including our customers, investors, communities and Canadians coast-to-coast-to-coast. Importantly, this represents only one of many monetization opportunities we are actively considering as part of our de-leveraging playbook which will support continued leading operational and financial performance, and our ability to deliver innovative and superior solutions to our customers.”

While no final decisions have been reached, these considerations underscore TELUS’ commitment to prudent strategic planning and sustainable growth. The company remains committed to maintaining transparent communications and keeping its stakeholders informed as it evaluates these opportunities.

An acquisition agreement has been signed between AT&T and UP Fiber, Inc. The agreement gives all AT&T’s wireline assets in the Upper Peninsula to the company. This also includes assets in Mackinac Island and Mackinaw City.

T-Mobile announced its latest achievement in 5G performance, reaching record downlink speeds using Nokia’s cutting-edge 5G RAN equipment.

Small business owners are seeking to make their businesses more efficient through technology, and better connect with new and existing customers, according to Verizon Business’ fifth Annual State of Small Business Report.

Venezuela’s National Telecommunications Commission (Conatel) has officially revoked the administrative licenses of SuperCable ALK Internacional SA, effectively ending the company’s authorization to operate in the country. 

To address the rapidly evolving cybersecurity landscape, Verizon Business and Accenture formed a strategic partnership to accelerate the development and delivery of advanced cybersecurity solutions. The agreement aims to help businesses of all sizes mitigate a range of growing threats, from data breaches to phishing attacks to social engineering and beyond.

At Mobile World Congress (MWC) in Barcelona, Spain, TELUS announced that it is using Amazon Web Services, Inc. (AWS) IoT Device Management's new Managed Integrations feature as a key component of its SmartHome+ solution, expanding on the collaboration announced between the companies in February, 2023. 

Aduna will introduce Number Verification and SIM Swap APIs for launch in the United States, transforming security, fraud detection, and user experiences for developers and enterprises.

VIAVI Solutions Inc has joined a strategic partnership between VIAVI Automated Lab-as-a-Service for Open RAN (VALOR™) and the Acceleration of Compatibility and Commercialization for Open RAN Deployments (ACCoRD) project led by AT&T and Verizon. As co-grantees of the U.S. National Telecommunications and Information Administration (NTIA) Public Wireless Supply Chain Innovation Fund, VALOR and ACCoRD will collaborate on Open RAN testing initiatives to further the adoption of open and interoperable network components, strengthen global supply chain resiliency and lower barriers to entry for new Open RAN players. 

Verizon, in collaboration with Samsung Electronics Co., Ltd. and Qualcomm Technologies, Inc., has achieved a successful implementation of multi-vendor RAN Intelligent Controller (RIC) functionality within its operational network.