TELUS announces closing of C$1.3 billion equity offering
March 31 2021 - 9:23AM
TELUS Corporation (“TELUS” or the “Company”) (TSX-T, NYSE-TU)
announced today the closing of its bought deal offering (the
“Offering”) of common shares (the “Common Shares”) announced on
March 25, 2021. The Company sold an aggregate of 51,300,000 Common
Shares for total gross proceeds of C$1.3 billion. The Common Shares
were offered through a syndicate of underwriters led by RBC Capital
Markets and CIBC Capital Markets, together with BMO Capital
Markets, Scotiabank and TD Securities Inc. as joint bookrunners.
Proceeds of the Offering will be used to further
strengthen the Company’s balance sheet and, principally, to
capitalize on a unique strategic opportunity to accelerate its
broadband capital investment program, including the substantial
advancement of the build-out of TELUS PureFibre infrastructure in
Alberta, British Columbia and Eastern Quebec, as well as an
accelerated roll-out of the Company’s national 5G network.
This media release does not constitute an offer
to sell or the solicitation of an offer to buy the Common Shares,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About TELUSTELUS (TSX: T, NYSE: TU) is a
dynamic, world-leading communications technology company with $16
billion in annual revenue and 16 million customer connections
spanning wireless, data, IP, voice, television, entertainment,
video, and security. We leverage our global-leading technology and
compassion to enable remarkable human outcomes. Our longstanding
commitment to putting our customers first fuels every aspect of our
business, making us a distinct leader in customer service
excellence and loyalty. In 2020, TELUS was recognized as having the
fastest wireless network in the world, reinforcing our commitment
to provide Canadians with access to superior technology that
connects us to the people, resources and information that make our
lives better. TELUS Health is Canada’s leader in digital health
technology, improving access to health and wellness services and
revolutionizing the flow of health information across the continuum
of care. TELUS Agriculture provides innovative digital solutions
throughout the agriculture value chain, supporting better food
outcomes from improved agri-business data insights and processes.
TELUS International (TSX and NYSE: TIXT) is a leading digital
customer experience innovator that delivers next-generation AI and
content management solutions for global brands across the
technology and games, ecommerce and FinTech, communications and
media, healthcare, travel and hospitality sectors. TELUS and
TELUS International operate in 25+ countries around the world.
For more information, please contact:
Investor RelationsRobert Mitchell(647)
837-1606ir@telus.com
Media RelationsSteve
Beisswanger514-865-2787Steve.Beisswanger@TELUS.com
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