Telus reports weaker quarter and targets CAD 900 million in annual savings
Telus reported weaker Q3 numbers, with lower revenue, EBITDA and free cash flow, and targets CAD 900 million in annual savings by end-2028 across its operations.
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what happened
TradingView reports that Telus Corp posted softer third-quarter figures. Service revenue slipped 1%, adjusted EBITDA dropped 5% and free cash flow fell by 35%. Adjusted earnings per share came in at CAD 0.16, down from the prior year.
The company intends to find CAD 900 million in yearly savings by the end of 2028, drawing on cost reduction, more efficient use of capital and asset sales. Implementing this requires about CAD 150 million, and roughly 80% of the savings are expected to come from the telecom business.
Telus is also in early discussions with possible partners about opening up value in its PureFibre network. Management says it wants to keep control and is not weighing a full sale.
why it matters
The main question for investors is cash generation, since a 35% drop in free cash flow narrows room for investment and shareholder returns. The savings plan and PureFibre talks are the counterweights, especially if asset sales bring in cash without a loss of control.
market impact
Telus shares (TU): weaker cash flow weighs, while the savings plan and PureFibre talks offer support.
- Telus shares (TU) mixed — weaker cash flow weighs, while the savings plan and PureFibre talks offer support
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sources
- Key facts: Telus Corp earnings fall; CAD 900M savings; PureFibre talks — TradingView, 9 November 2026 at 08:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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