Telus to push expansion of 5G, fibre with stock sale worth CAD 1.3-1.5 billion

Friday 26 March 2021 | 09:31 CET | News
Canadian operator Telus said it looking to raise CAD 1.3 billion worth of gross proceeds through the sale of 51.3 million shares priced at CAD 25.35 per unit. The operator has signed an agreement with a group of underwriters led by RBC and CIBC, together with BMO, Scotiabank and TD Securities as joint book runners. The company has also granted a greenshoe of almost 7.7 million more shares, to cover possible over-allotments. If exercised in full, the offering would be worth CAD 1.5 billion in gross proceeds.

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Categories: General
Companies: Telus
Countries: Canada
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