Telus
Categories
#934
Rank
$20.68B
Marketcap
Canada
Country
Mr. Douglas French (Exec. VP & CFO)
Mr. Tony Geheran (COO & EVP)
Technology
Media and Communications
Summary
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network revenue; mobile technologies equipment sale; data revenues, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services.
The Digitally-Led Customer Experiences segment provides digital customer experience and digital-enablement transformation solutions, including artificial intelligence and content management solutions. It has 16.9 million subscriber connections, which include 9.3 million mobile phone subscribers; 2.1 million connected device subscribers; 2.3 million internet subscribers; 1.1 million residential voice subscribers; 1.3 million TV subscribers; and 804,000 security subscribers.
The company was formerly known as TELUS Communications Inc. and changed its name to TELUS Corporation in February 2005. TELUS Corporation was incorporated in 1998 and is headquartered in Vancouver, Canada.
History
Telus Corp was formed in 1990 by the government of Alberta as Telus Corp, a holding company in order to facilitate the privatization of the Alberta Government Telephones, a crown corporation that provided telephone service to most of Alberta outside of Edmonton. In 1995, it acquired Edmonton Telephones Corporation, the main telephone provider for Edmonton itself, from the city of Edmonton making Telus the sole provider of telephone service in Alberta. In 1996, Telus was introduced to the public as the consumer brand, replacing both AGT and EdTel.
In 1998, Telus and BC Tel announced a proposed merger. The merger was completed in 1999. While Telus was the nominal survivor, the merged company moved its headquarters from Edmonton to Vancouver. The corporate name was slightly altered to the present Telus Corporation. The merger created Canada's second-largest Telcom, with 22% of the market share compared to Bell Canada's 42%. Large swaths of rural Quebec, mainly the Gaspé Peninsula and the north shore, were served from 1927 by an entity known as Corporation de Téléphone et de Pouvoir de Québec, and in 1955, this became known as Québec Téléphone.
In 1966, the Anglo-Canadian Telephone Company, a subsidiary of General Telephone and Electronics of Stamford, Connecticut, became a majority shareholder in Québec Téléphone. Anglo-Canadian also owned BCTel, and GTE also owned services in Barbados, Dominican Republic, Jamaica, and Trinidad and Tobago. In 1997, Groupe QuébecTel was established to own Québec Téléphone. Following the merger of BCTel with Telus of Alberta, GTE sold its interests in Québec Téléphone to Telus in August 2000, which renamed it Telus Québec on April 2, 2001.
In late 2004, American telecom Verizon Communications sold its 20.5% stake in Telus. This was so that Verizon could focus more on its own services. Currently, Telus is rolling out its next-generation fibre optic network and will have invested more than $51 billion in British Columbia alone between 2000 and 2019. In October 2019, Telus Corp announced it would buy home security provider ADT Inc's Canadian operations for CA$ 700 million.
Mission
“Our mission is to enable our customers and team members to do what they want easily. We're united through our shared passion to advance the customer experience through our Principles.”
Vision
“Our principles guide our decisions and habits to deliver on our strategy and mission. Our vision is to foster an inclusive culture that embraces diversity and sparks innovation for our customers.”
Key Team
Mr. Eros Spadotto (Exec. Officer)
Mr. François Gratton (Exec. Officer)
Robert Mitchell (Head of Investor Relations)
Ms. Andrea Louise Wood (Chief Legal & Governance Officer)
Jill Schnarr (Chief Communications Officer)
Ms. Sandy McIntosh (Exec. VP of People & Culture and Chief HR Officer)
Mr. Francois Cote (Exec. VP)
Recognition and Awards
References
https://en.wikipedia.org/wiki/Telus
https://www.crunchbase.com/organization/telus
https://sec.report/CIK/0000868675
https://ca.finance.yahoo.com/quote/T.TO/
https://www.comparably.com/companies/telus-international
https://companiesmarketcap.com/largest-companies-by-revenue/
https://www.forbes.com/companies/telus/
https://www.companieshistory.com/telus/
Mr. Douglas French (Exec. VP & CFO)
Mr. Tony Geheran (COO & EVP)
Technology
Media and Communications