Telus has officially completed its $539 million US (about $755 million CAD) buyout of Telus Digital, the tech arm it already partly owned, giving the telecom giant full ownership.
The deal, first announced earlier this year, saw Telus purchase all remaining shares of Telus Digital for $4.50 per share, paid in cash or Telus stock. With the acquisition now closed, Telus owns 100% of Telus Digital.
“This acquisition marks an important milestone for Telus and Telus Digital,” said Telus CEO Darren Entwistle in a statement on Friday. “Together, we will accelerate the integration of world-leading digital customer experience solutions, AI-driven platforms and SaaS innovation.”
Entwistle added that the move will help the company cut costs by about $150 million a year through “AI-driven automation” and other efficiencies.
The buyout was approved by Telus Digital shareholders on October 27, 2025, after the company’s independent directors recommended it. The B.C. Supreme Court signed off on the deal two days later.
Under the agreement, shareholders could choose between three options: all cash, all Telus stock, or a mix of both. Most chose to take cash.
Once the process wraps up, Telus Digital shares will be removed from trading on the Toronto and New York stock exchanges, and the company will stop filing public financial reports.
The acquisition means Telus can now directly manage Telus Digital’s operations, which include AI and customer experience technologies used in areas like Telus Health and Telus Agriculture.
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