$TU

TELUS Corporation's stock has fallen to its lowest level since 2017, dropping from $25.6 to $12.6. The company cut dividends and eliminated its DRIP plan to preserve cash, reporting a net loss of $1.83 billion due to a $2.1 billion goodwill impairment in its Digital division. Operating expenses rose 32%, while revenue fell 2%. Management plans to spend $2.6 billion this year. Technical analysis suggests further declines.

TelevisaUnivision (TU) seeks a $32.7 million default judgment against pirate IPTV operators, including Thunder TV and Tele Latino, for copyright and trademark infringement. The broadcaster obtained a preliminary injunction in Florida, which has already expanded to cover hundreds of domains and intermediaries. TU is requesting a permanent injunction with self-expanding powers to add new defendants and services. The case is pending before Judge Kathleen Williams.

Telus is suing a former employee for over $1 million, alleging misuse of company credit cards to purchase 2,500 items, including appliances and electronics, from 2020 to 2023. The employee was terminated in August 2023, and the company is seeking damages. The allegations are unproven in court.

Telus (TSX:T, NYSE:TU) cut its dividend by 55% in July, reducing its yield to 5.6%. The stock has declined 54% over five years but has been steady since the cut. Long-term investors may find it attractive due to its safer payout and position as a top telecom company.

TELUS (TSX:T; NYSE:TU) shares fell 1.0% to C$13.25, offering a 5.7% dividend yield after a 55% payout cut. The company aims to reduce debt to 3.0x EBITDA by 2028, delayed from 2027, citing competitive pressures. Q2 results showed revenue and EBITDA declines, with free cash flow up 2%. Management targets asset sales and lower capital spending to support deleveraging.

Ookla reports Wi-Fi 7 adoption in Canada reached 4.9% in Q1 2026, with Telus (7.7%) and Bell (7.0%) leading. Bell Pure Fibre held 40.4% of Wi-Fi 7 samples, Rogers 26.3%, and Telus PureFibre 20.3%. Wi-Fi 7 median download speeds for Bell neared 1 Gbps. Fibre uploads were significantly faster than cable, with lower latency. Ookla advocates for router upgrades to meet CRTC speed targets.

Telus filed a lawsuit against former employee Raymond Chow, alleging he defrauded the company of over $1.09 million by purchasing items with a corporate credit card and reselling them. The purchases, including electronics and appliances, were made between 2020 and 2023. Telus seeks damages and repayment of profits. The claims are not yet proven in court.

Telus has filed a lawsuit in B.C. Supreme Court alleging a manager, Raymond Chow, charged $1.1M in goods to company credit cards since 2020. The lawsuit claims Chow purchased and sold items online, using the proceeds for personal expenses. Telus alleges Chow approved his own expense claims and had items delivered to his home.

Telus (TSX: T) has underperformed the TSX Composite, which rose 25% in the last year, with its stock down over 40%. The company cut its dividend by 55% and lowered 2026 guidance due to competition and weaker demand. Q2 revenue and EBITDA fell 2% YoY, but cash flow increased. Telus is focusing on debt reduction and asset monetization to improve financial health.

Telus (TSX:T) cut its quarterly dividend by 55% to $0.19 per share, aiming to save $2.7B by 2028 and reduce leverage. Management targets net debt-to-EBITDA of 3x or less by 2028. The company faces challenges like reduced immigration, high capital spending, and competition in a mature market.