VANCOUVER – Telus Corp. says it’s selling a 49.9 per cent stake in a newly spun-out wireless tower operator to La Caisse for $1.26 billion as it also reported its second quarter income fell from last year.
The telecommunications company says the new operator called Terrion will be base in Montreal, and that the partial sale of the assets will go toward deleveraging.
The sale comes as Telus reported a net loss of $245 million for the three months ending June 30, compared to earnings of $221 million in the same quarter last year, as it took a $500 million impairment of goodwill related to Telus Digital.
Adjusted net income worked out to $342 million, or 22 cents per diluted share for the period, down from $366 million, or 25 cents per share last year.
The mean analyst estimate had been for earnings of 23 cents per share, according to LSEG Data & Analytics.
Consolidated operating revenue totalled $5.08 billion in the quarter, up from $4.97 billion in the quarter last year.
This report by The Canadian Press was first published Aug. 1, 2025.
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