07:17 AM EST, 12/12/2025 (MT Newswires) -- Telus ( TU ) said Friday that it has increased its Dec. 4 offer to buy back seven series of notes, from the original $500 million, to $1.9 billion. The upsizing covers all the notes that were validly tendered by the Dec. 11 expiry date.

The company earlier this week closed the concurrent offerings of Canadian and U.S. junior subordinated notes amounting to $800 million and US$1.5 billion, respectively for a combined total of C$2.9 billion. Proceeds will be used for balance sheet deleveraging, including buying back the notes.

Telus ( TU ) shares are up US$0.18, to $12.95, in pre-market trading.