Company:Telus Corporation

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Short description: Canadian multinational corporation

Telus Corporation
TELUS
TypePublic
TSX: T (voting)
NYSE: TU
S&P/TSX 60 component
IndustryTelecommunication Information Technology Consulting Health Safety Security
PredecessorAlberta Government Telephones (AGT)
Founded1990
Headquarters510 West Georgia Street, Vancouver, British Columbia, Canada
Area served
Worldwide
Key people
Darren Entwistle, President and CEO
Doug French, CFO
ProductsHSPA+, LTE
RevenueIncreaseCA$14.66 billion (FY19)
CA$14.37 billion (FY18)
IncreaseCA$2.98 billion (FY19)
CA$2.84 billion (FY18)
IncreaseCA$1.78 billion (FY19)
CA$1.62 billion (FY18)
Total assetsIncreaseCA$7.98 billion (FY19)
CA$3.06 billion (FY18)
Number of employees
65,600 (2020)[1]
Subsidiaries
Websitewww.telus.com

Telus Corporation (also referred to as Telus Corp) is a Canadian multinational publicly traded holding company and conglomerate, which is the parent company of subsidiaries—Telus Communications, Telus Mobility, Telus Health, and Telus International. Telus offers a range of telecommunications, health, safety, and security products and services. It is listed with the Toronto Stock Exchange (TSX: T) and the New York Stock Exchange (NYSE: TU). Telus Communications Inc. offers telephony, television, data and Internet services; Telus Mobility, offers wireless services; Telus Health operates companies that provide health products and services; and Telus International operates worldwide, providing multilingual customer service outsourcing and digital IT services.

Overview

Telus Corporation is the parent company of Telus Communications, Telus Mobility, Telus Health, and Telus International. Telus Health, which was formerly known as Emergis, an e-Business was acquired by Telus Corporation in 2007 for $763 million.[2] Telus Health was divided into three segments—'Telus Health Solutions, Telus Assyst Real Estate, and Telus Financial Solutions.

Inception

The Alberta Government Telephones (AGT), had served as the major telephone provider for the province of Alberta from 1906—when it was first established by the Liberal Party of Alberta under the tenure of then Premier of Alberta, Alexander Cameron Rutherford, until the 1990s—when then Premier Don Getty began the privatization process.[3]:250 NovaTel's liabilities eventually cost the government more than $600 million.[3]:250[4]:35 The initial public offering of the newly established Telus' shares, represented the largest in Canadian history up to this time. The following year the provincial government divested its remaining ownership interest in TELUS for $870 million.[5] By 1996, the former brand names, ED TEL and AGT had been retired. All Telus products and companies adopted the TELUS brand name.[5]

Subsidiaries

TELUS Communications

TELUS Corporation's principal subsidiary is the wholly owned Telus Communications Inc.[6]:47

TELUS Health

In the summer of 2018, Telus acquired a "chain of medical clinics" for over $100 million. Telus also spent more than "$2 billion on digital health ventures."[7] This included purchasing the "electronic medical record software" used by half of Canada's doctors.[7] By March 2019, Telus had "become the biggest health-care information technology company in Canada".[7]Telus has also partnered with the United Kingdom -based software developer and operator, Babylon, to launch a Telus Health app in Canada—digital chatbot capable of checking symptoms— in a cost and revenue sharing initiative.[7]

TELUS International

Telus International has contact centers in the Philippines , the United Kingdom , Central America (Guatemala and El Salvador), and Eastern Europe (Bulgaria and Romania), where it is known as Telus International Europe.[citation needed]

Community investment

Finances

For the fiscal year 2019, Telus Corporation reported earnings of CA$5.554 billion, with an annual revenue of CA$14.658 billion, an increase of 8.8% over the previous fiscal year. Telus Corp shares traded at its all-time high stock closing price of $20.89 on 12 February 2020. Telus Corp operates the largest telecommunications company (Telus Communications Inc.) in Western Canada and the second largest in Canada.[8]

Year Revenue
in mil. CA$ 		Net income
in mil. CA$ 		Total Assets
in mil. CA$ 		Price per share
in US$ 		Employees
2019[9] 14,658 1,780 37,975 14.7800[8] 65,600[9]
2018[10] 14,368 1,620 33,057 19.3650[8] 58,000[11]
2017[12] 13,408 1,578 31,053 16.5700[8] 53,630[11]
2016[13] 12,799 4,229 27,729 18.9350[8] 51,250[11]
2015[14] 12,502 4,262 26,406 13.8250[8] 47,640[11]
2014[15] 12,002 4,216 23,217 18.0200[8] 43,700[11]
2013[16] 11,404 4,018 21,566 17.2200[8] 43,400[11]
2012[17] 10,921 3,859 20,445 16.2850[8] 42,400[11]
2011[18] 10,397 3,665 19,931 13.3875[8] 41,000[11]
2010[6] 9,792 3,568 19,624 10.8900[8] 34,800[11]

Corporate governance

According to Yahoo Finance, Telus Corporation received an Institutional Shareholder Services (ISS) governance risk score of 5 out of 10, as of December 3, 2019.[19]

Board of directors

The current board of directors as of June 2020[20]

R.H. (Dick) Auchinleck, the Chairman of Telus Corporation's board of directors, has been lead director since 2014, when Brian Canfield stepped down. Auchinleck, who has served on the Telus board since c. 2004, had previously been CEO at Gulf Canada Resources.[21][22]

  • Darren Entwistle, President and CEO
  • Kathy Kinloch, Corporate Governance Committee, Human Resources and Compensation Committee
  • David Mowat, Chair of the Audit Committee
  • Raymond T. Chan, Pension Committee, Human Resources & Compensation Committee
  • Tom Flynn, Director
  • Christine Magee, Audit Committee
  • Marc Parent, Audit Committee, Pension Committee
  • Lisa de Wilde, Corporate Governance Committee, Pension Committee
  • Mary Jo Haddad, Chair of the Human Resources & Compensation Committee
  • John Manley, Chair of the Corporate Governance Committee, Compensation Committee
  • Denise Pickett, Audit Committee

Executive team

The current executive teams as of June 2020[23]

  • Darren Entwistle, President and CEO
  • Doug French, Executive Vice-President and Chief Financial Officer
  • Navin Arora, President, TELUS Business Solutions
  • Josh Blair, Chair of the Board, TELUS International
  • Tony Geheran, Executive Vice-President and Chief Customer Officer
  • François Gratton, Executive Vice-President, Group President, TELUS and Chair, TELUS Québec
  • Zainul Mawji, President, Home Solutions
  • Sandy McIntosh, Executive Vice-President, People & Culture and Chief Human Resources Officer
  • Jeff Puritt, TELUS Executive Vice-President and TELUS International President and CEO
  • Jim Senko, President, Mobility Solutions
  • Eros Spadotto, Executive Vice-president of Technology Strategy and Business Transformation
  • Andrea Wood, Chief Legal & Governance Officer

See also

  • History of Telus

References

  1. ↑ "T.TO 23.03 -0.89 -3.72% : Trans Canadian Fixed Pay GIF". Yahoo Finance. https://ca.finance.yahoo.com/quote/T.TO/profile?p=T.TO. 
  2. ↑ "Telus buys Emergis for $763 million". November 29, 2007. https://www.thestar.com/business/2007/11/29/telus_buys_emergis_for_763m.html. 
  3. ↑ 3.0 3.1 Lisac, Mark (2004). "Don Getty". in Rennie, Bradford J.. Alberta Premiers of the Twentieth Century. Regina, Saskatchewan: Canadian Plains Research Center, University of Regina. pp. 231–232. ISBN 0-88977-151-0. 
  4. ↑ Wilson, Kevin G. (2000), Deregulating Telecommunications: U.S. and Canadian Telecommunications, 1840-1997, Rowman & Littlefield, ISBN 0-8476-9825-4, https://archive.org/details/deregulatingtele0000wils/page/35 
  5. ↑ 5.0 5.1 "Historical Timeline of Canadian Telecommunications Achievements". http://www.itu.int/newsarchive/wtsa2000/english/media/timeline.pdf. 
  6. ↑ 6.0 6.1 Telus 2010 Annual Report (Report). December 31, 2010. https://assets.ctfassets.net/rz9m1rynx8pv/K0qpxjx72wwcCI2GyYmKC/5c769c8e3d41d10b5211bc3397ae9af3/2010_Annual_Report.pdf. Retrieved June 11, 2020. 
  7. ↑ 7.0 7.1 7.2 7.3 Rankin, Eric (March 18, 2019). "Filling the medical care gap or causing cracks? Telus launches health app". CBC News. https://www.cbc.ca/news/canada/british-columbia/telus-launches-health-app-babylon-1.5058723. 
  8. ↑ 8.00 8.01 8.02 8.03 8.04 8.05 8.06 8.07 8.08 8.09 8.10 "TELUS - 24 Year Stock Price History | TU". https://www.macrotrends.net/stocks/charts/TU/telus/stock-price-history. 
  9. ↑ 9.0 9.1 "Telus 2019 Annual Report". 2019-12-31. https://assets.ctfassets.net/rz9m1rynx8pv/4ilx6plw1Pb60EcskiUBzq/e685a08070f4ed3a435c962e0882331e/TELUS_2019_Annual_MD_A_and_Financial_Statements.pdf. 
  10. ↑ "Telus 2018 Annual Report". 2018-12-31. https://assets.ctfassets.net/rz9m1rynx8pv/jRaoZUCqKFlMhEsgaLPDN/2920eb537702fc25ff60042a281d84a0/TELUS_2018_annual_report-acc_FINAL.PDF. 
  11. ↑ 11.0 11.1 11.2 11.3 11.4 11.5 11.6 11.7 11.8 "Telus employee figures 2010-2018" (in en). https://www.statista.com/statistics/484604/telus-communications-company-employees/. 
  12. ↑ "Telus 2017 Annual Report". 2017-12-31. https://assets.ctfassets.net/rz9m1rynx8pv/t4ESxjDOBE0qKoOiU8YmQ/416fb9b2cfbf87be4cfee491ff16eae7/TELUS_2017_annual_report-for_online.pdf. 
  13. ↑ "Telus 2016 Annual Report". 2016-12-31. https://assets.ctfassets.net/rz9m1rynx8pv/6kbiPKUE7K48E0yaSikQI0/a226b376380b656ed04dcb274a3c3c34/TELUS_2016_Annual_Report.pdf. 
  14. ↑ "Telus 2015 Annual Report". 2015-12-31. https://assets.ctfassets.net/rz9m1rynx8pv/1Mpsm6PxM8G6c00GooOgk2/19abba0e2cb6b1040ae4fc9d136b917b/TELUS_2015_Annual_Report.pdf. 
  15. ↑ "Telus 2014 Annual Report". 2014-12-31. https://assets.ctfassets.net/rz9m1rynx8pv/4JhqvidJI4O6Mw8WeOguQQ/3d172837cc0432d7f82b7bc728f44d1b/TELUS_2014_Annual_Report.pdf. 
  16. ↑ "Telus 2013 Annual Report". 2013-12-26. https://assets.ctfassets.net/rz9m1rynx8pv/5Te5oJNkBiY6wYC84KigAY/b25ba20c12eb511c7791860ec5a9290a/2013_TELUS_Annual_Report__EN_.pdf. 
  17. ↑ "Telus 2012 Annual Report". 2012-12-31. https://assets.ctfassets.net/rz9m1rynx8pv/3Ii8YZM544YYAyeGu4oioC/a7a47825009ecb04beb1abc6233dbbdb/2012_TELUS_annual_report_EN.pdf. 
  18. ↑ "Telus 2011 Annual Report". 2012-12-31. https://assets.ctfassets.net/rz9m1rynx8pv/1vXDjQn7yQCiEIEkyWWKcU/50c5a7e4a4c86f020672218fc0228cc7/2011_TELUS_Annual_Report.pdf. 
  19. ↑ "ESG Ratings" (in en-US). https://www.issgovernance.com/esg/ratings/. 
  20. ↑ "Board Members and Committees - Corporate Governance" (in en). https://www.telus.com/en/about/investor-relations/corporate-governance/board-members-committees. 
  21. ↑ Jang, Brent (June 2, 2001). "'Mechanic' was the driver behind Gulf Canada deal". The Globe and Mail (Calgary). https://www.theglobeandmail.com/report-on-business/mechanic-was-the-driver-behind-gulf-canada-deal/article1338272/. 
  22. ↑ "Telus names CEO as Entwistle becomes executive chairman". Reuters. March 31, 2014. http://ca.finance.yahoo.com/news/telus-announces-leadership-transition-canfield-124743274.html. 
  23. ↑ "TELUS Executive Team, Company overview - About" (in en). https://www.telus.com/en/about/company-overview/executive-team. 

External links




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