07:20 AM EDT, 08/01/2025 (MT Newswires) -- Telus ( TU ) , down 3.4% in U.S. pre-market trade, on Friday said second-quarter adjusted net income fell and missed forecasts.

Adjusted net income, which excludes most one-time items, including a $500 million goodwill impairment charge relating to Telus Digital (TIXT.TO), fell 7% to $342 million or $0.22 per share, from $366 million, or $0.25 per share, in the prior year period. Analysts polled by FactSet had expected $0.23 per share.

Operating revenue and other income edged up 2% to $5.08 billion, above the $5.02 billion forecast.

The company added 198,000 net customers, down 134,000 over the same period last year due to decelerating growth in the Canadian population from slowing immigration.

Telus ( TU ) will pay a quarterly dividend of $0.42 per share on Sept. 10.

Separately, Telus ( TU ) announced that La Caisse, Canada's second-largest pension fund, will acquire a 49.9% stake in a newly created tower infrastructure operator for $1.26 billion. Terrion, which will be headquartered in Montreal, will hold the cell towers that Telus ( TU ) is carving out of its business. Telus ( TU ) retains full ownership and control of active network components and security systems, a statement said.

The company's shares are down US$0.54 to US$15.56 in New York trade.