0
General

Telus agrees to sell CAD 1.3 bln worth of shares

Thursday 20 February 2020 | 14:08 CET | News
Canadian operator Telus has agreed to sell 25 million shares to a syndicate of underwriters, for about CAD 1.3 billion. There will also be a greenshoe of 3.75 million more shares at CAD 26 per unit. If exercised in full, the sale, including greenshoe, will bring in CAD 1.5 billion worth of gross proceeds.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Telus
Countries: Canada
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telus revenues up 5% in Q1 after acquisitions, suspends dividend hike on Covid-19 uncertainty

Published 07 May 2020 15:15 CET | Canada
Canadian operator Telus reported first-quarter revenues up 5.4 percent year-on-year to CAD 3.7 billion, and EBITDA increased 2.2 ...

Telus lights up mobile service in underground tunnel in Vancouver

Published 26 Feb 2020 19:09 CET | Canada
Telus and Translink announced that Telus brought wireless service to the underground Dunsmuir SkyTrain tunnel in Vancouver ...

Telus expands mobile coverage across British Columbia

Published 19 Feb 2020 20:17 CET | Canada
Telus is celebrating the milestone of bringing mobile connectivity to every community in British Columbia with a population of ...

Telus to hold 2-for-1 share split in March after strong Q4

Published 13 Feb 2020 16:43 CET | Canada
Canadian operator Telus said revenues for the fourth quarter rose 2.5 percent from the year before to CAD 3.9 billion, driven by ...

Telus raises CAD 1 billion in long-term debt offering

Published 12 Dec 2019 15:23 CET | Canada
Telus has raised CAD 600 million in a new 10-year debt offering and CAD 400 million from 30-year notes. The net proceeds will be ...

Telus raises dividend, forecasts lower capex in 2020-21

Published 07 Nov 2019 15:44 CET | Canada
Canadian operator Telus announced a 7 percent increase in its quarterly dividend alongside third-quarter results showing strong ...