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TELUS cuts costs and debt, aiming for cleaner balance sheet and 10% free cash flow growth by 2028.

Market News
13 Oct 2026
Seeking Alpha
View Source
Bullish
TELUS cuts costs and debt, aiming for cleaner balance sheet and 10% free cash flow growth by 2028.

TELUS Corporation has reset its dividend policy, implemented cost reductions, and allocated C$2.7 billion towards debt reduction to improve its balance sheet by 2028. The company currently offers a 6.5% dividend yield and about 10% free cash flow yield, trading as a no-growth, highly leveraged telecom. Management targets 10% annual free cash flow growth by 2027-2028, driven by cost cuts, lower capital expenditures, and potential asset sales including health, towers, and fiber assets. Additional growth opportunities may come from TELUS Health sales, immigration recovery, and AI/data center expansion, but these are not essential for the investment thesis to succeed.

TELUS Corporation offers a 6.5% dividend yield and targets 10% annual free cash flow growth by 2027-2028. For readers following US stocks on Pluang, here is the market snapshot as of Oct 13, 2026 21:21 WIB: out of 150 priced US stocks, 61 rose and 88 fell. Notable movers include Johnson & Johnson (USD 251.10, 1-day change -4.79%, Pluang order activity 84% Sell / 16% Buy), Micron Technology (USD 946.56, -4.30%, 43% Sell / 57% Buy), and Applied Materials (USD 476.22, -4.28%, 88% Sell / 12% Buy).

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