On June 12, 2025, Telus Corporation announced a non-binding proposal to reacquire all outstanding shares of its affiliate, Telus Digital (formerly Telus International), offering US$3.40 per share. This proposal values the transaction at over US$400 million (approximately C$547 million), representing a 15% premium over the previous day's closing price and a 23% premium over the 30-day volume-weighted average price. Telus, which currently holds about 57.4% of Telus Digital's shares and 86.9% of voting power, intends to finance the acquisition through cash, shares, or a combination thereof.

The proposed buyback aims to enhance Telus's artificial intelligence and software-as-a-service capabilities across its business lines, including telecommunications, health, agriculture, and consumer goods. Analysts view the move as a strategic step to integrate operations and potentially pave the way for future monetization of other Telus units.

Legal counsel for Telus includes Stikeman Elliott LLP in Canada and A&O Shearman in the United States, with Barclays serving as the exclusive financial advisor. Telus Digital's board has been requested to form a special committee of independent directors to evaluate the proposal. The transaction is subject to customary conditions, including due diligence, negotiation of definitive agreements, and regulatory approvals