On September 2, 2025, TELUS Corporation has entered into a definitive agreement to acquire all outstanding multiple voting shares and subordinate voting shares of TELUS International (TELUS Digital) not already owned by TELUS for US$4.50 per share, representing an aggregate consideration of US$539 million (approximately C$734 million). The transaction, unanimously recommended by TELUS Digital’s Special Committee of independent directors and approved by its Board (with interested directors abstaining), allows shareholders to elect to receive US$4.50 in cash, 0.273 TELUS common shares, or a combination, subject to a maximum of 25% in TELUS shares. The offer represents a 52% premium over TELUS Digital’s unaffected closing price on June 11, 2025. The deal is supported by EQT, the largest minority shareholder, as well as all directors and officers of TELUS Digital.

The Special Committee was advised by McCarthy Tétrault LLP (legal counsel), BMO Capital Markets (independent valuator and financial advisor), BofA Securities (financial advisor), and FGS Longview (communications counsel). TELUS Digital retained Osler, Hoskin & Harcourt LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP as legal counsel. TELUS was advised by Stikeman Elliott LLP and Allen Overy Shearman Sterling LLP (legal counsel), Barclays (lead financial advisor), and Jefferies (financial advisor).

The transaction was completed on October 31, 2025.