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TELUS Corp TU Stock Quote

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Morningstar‘s Stock Analysis TU

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Is it the right time to buy or sell?

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Telus Is in a Great Position in Both Wireless and Wireline, and Noncore Businesses Will Boost Growth

Matthew Dolgin, CFA Equity Analyst

Business Strategy and Outlook

| Matthew Dolgin, CFA |

We think Telus’ recently enhanced fixed-line network provides the most opportunity for the company’s business. Telus has made a considerable investment over the last several years to improve its wireline network with fiber to the home. It now passes roughly 80% of its high-speed internet footprint with fiber, and we think the FTTH strategy sets Telus up for continued success. In the years since the fiber buildout began, Telus has already taken significant market share from Shaw, its primary competitor in the western Canadian geographies where it competes. In addition to further success we expect in adding subscribers, we believe the higher-quality network gives Telus more pricing power and is more efficient, leading to reduced costs.

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Key Statistics TU

Company Profile TU

Business Description

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec. In recent years Telus has moved to bring fiber to the home over most of its wireline footprint as it upgrades its legacy copper network, leaving it able to compete on more equal footing with cable providers. Telus’ other businesses participate in the international business services, health, security, and agriculture industries.

Contact
510 West Georgia Street, 23rd Floor
Vancouver, BC, V6B 0M3, Canada
T +1 604 697-8044
Industry Telecom Services
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 90,800

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