TELUS $41.50(Toronto symbol T; Shares outstanding: 593.2 million; Market cap: $24.7 billion; TSINetwork Rating: Above Average; Dividend yield: 4.4%; www.telus.com) has agreed to sell 35% of its Telus International subsidiary to an Asian private equity firm.
Formed in 2005, this business operates call centres on behalf of corporate clients in North America, Central America, Europe and Asia. Telus International also helps those clients manage their computer systems. The business has over 22,000 employees.
Telus will receive $600 million when it completes the sale in the next few weeks.
The buyer’s expertise will help expand Telus International’s presence in Asia. The proceeds will help Telus expand its fibre-optic TV and Internet service in Canada, as well as its wireless networks.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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