TELUS Corp. Buys Additional TELUS Digital Shares; TELUS Digital Down 5.6% in U.S. Premarket Trading-March 2024-www.financetom.com

TELUS Corp. Buys Additional TELUS Digital Shares; TELUS Digital Down 5.6% in U.S. Premarket Trading

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

TELUS Corp. Buys Additional TELUS Digital Shares; TELUS Digital Down 5.6% in U.S. Premarket Trading

Aug 16, 2024 3:46 AM

06:25 AM EDT, 08/16/2024 (MT Newswires) -- TELUS Corp. ( TU ) (T.TO, TU) overnight Thursday said it acquired 2.3% of TELUS International's (TIXT.TO, TIXT) subordinate voting shares, equal to 0.9% of all outstanding shares.

TELUS Corp. ( TU ) paid $4.25 per share for the 2.6 million shares acquired.

"In response to [the] unprecedented valuation levels, we are strategically stepping in to support the share trading activity by incrementally increasing our existing ownership of the subordinate voting shares in the public market," said Darren Entwistle, president and CEO of TELUS ( TU ).

TELUS International was at last look down 5.6% in U.S. premarket trade at US$3.19. It closed up 8.6% at $4.65 on the TSX yesterday.

Previous page： Canada's Rogers tops first-quarter subscriber additions estimate Next page： Thermo Fisher lifts profit forecast as medical equipment demand improves

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Canada's Rogers tops first-quarter subscriber additions estimate

Apr 24, 2024

April 24 (Reuters) - Canada's Rogers Communications ( RCIAF ) topped Wall Street estimates for first-quarter wireless subscriber additions on Wednesday, with rapid growth in the country's immigrant population boosting demand for its services. The company added 98,000 net monthly bill-paying wireless phone subscribers in the quarter ended March 31, compared with analysts' average expectation for net additions of 77,530,...

Thermo Fisher lifts profit forecast as medical equipment demand improves

Apr 24, 2024

(Reuters) - Thermo Fisher on Wednesday beat Wall Street estimates for quarterly profit and raised its annual profit forecast, betting on improved demand for its products and services used in drug development and sending shares up about 4% premarket. The medical equipment maker in January signaled that muted demand for its services used in the making of therapies and vaccines...

AT&T Q1 Adjusted Earnings, Revenue Fall; Reiterates Full-Year Guidance

Apr 24, 2024

07:15 AM EDT, 04/24/2024 (MT Newswires) -- AT&T ( T ) reported Q1 adjusted earnings Wednesday of $0.55 per diluted share, down from $0.60 a year earlier. Analysts polled by Capital IQ expected $0.53. Revenue for the quarter ended March 31 was $30.03 billion, down from $30.14 billion a year earlier. Analysts polled by Capital IQ expected $30.53 billion. For...

Chipotle Consistently Adds to Earnings-Driven After-Hours Moves in Next Day's Regular Session

Apr 24, 2024

07:15 AM EDT, 04/24/2024 (MT Newswires) -- Chipotle Mexican Grill ( CMG ) is due with its Q1 results in the extended hours today, and analysts polled by Capital IQ expect the company to report a profit of $11.67 per share on revenue of $2.67 billion. CMG has widened its earnings-driven after-hours trade in next-day regular session play in 42...