Telus (TU)

Wireless is central to TELUS’s business. The company serves more than 10 million mobile phone subscribers nationwide and holds a substantial share of the Canadian market. Its mobile network, retail brands, and bundled service offerings compete primarily with Rogers and BCE. TELUS also invests in fibre broadband and 5G infrastructure, aiming to increase customer loyalty by combining mobile service with home internet, entertainment, security, and business technology solutions.

A notable feature of TELUS is its diversification beyond traditional telecom. Through acquisitions and internal expansion, the company has built businesses in digital health, security, agriculture technology, and international business services. TELUS Health provides technology and services for healthcare providers, employers, insurers, and individuals. TELUS Agriculture supports food and agribusiness customers with digital tools, while TELUS International provides customer experience, digital transformation, and content moderation services for global clients. TELUS holds a majority economic interest in TELUS International.

For investors, TELUS offers exposure to a regulated, infrastructure-heavy telecom operator with recurring subscription revenue, alongside faster-changing digital service businesses. Its performance depends on wireless subscriber growth, pricing competition, broadband adoption, capital spending on networks, regulatory decisions, and execution in its non-telecom divisions.