Reported Earlier, TELUS Acquires Additional 2.35% Stake in TELUS International (TELUS Digital) with $12.7M Share Purchase, Holds 57.7% of Total Shares
Portfolio Pulse from Benzinga Newsdesk
TELUS Corporation has acquired an additional 2.35% stake in TELUS International, bringing its total ownership to 57.7%. This move reflects TELUS's confidence in TELUS Digital's growth strategy, with no current plans to privatize the business.
September 30, 2024 | 7:16 am
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TELUS Corporation has increased its stake in TELUS International by acquiring an additional 2.35% of subordinate voting shares. This acquisition reflects TELUS's confidence in TELUS Digital's long-term growth strategy.
TELUS's acquisition of additional shares in TELUS International indicates a strong belief in the company's growth potential, which is likely to positively impact TIXT's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
TELUS Corporation's acquisition of additional shares in TELUS International increases its total ownership to 57.7%, reflecting confidence in TELUS Digital's growth strategy.
The increased stake in TELUS International by TELUS Corporation suggests a positive outlook for TELUS's overall business strategy, potentially boosting TU's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70