Telus Corporation is the parent company of Telus Communications, Telus Mobility, Telus Health, and Telus International. Telus Health, which was formerly known as Emergis, an e-Business was acquired by Telus Corporation in 2007 for $763 million. Telus Health was divided into three segments—'Telus Health Solutions, Telus Assyst Real Estate, and Telus Financial Solutions.
Inception
The Alberta Government Telephones, had served as the major telephone provider for the province of Alberta from 1906—when it was first established by the Liberal Party of Alberta under the tenure of then Premier of Alberta, Alexander Cameron Rutherford, until the 1990s—when then Premier Don Getty began the privatization process. NovaTel's liabilities eventually cost the government more than $600 million. The initial public offering of the newly established Telus' shares, represented the largest in Canadian history up to this time. The following year the provincial government divested its remaining ownership interest in TELUS for $870 million. By 1996, the former brand names, ED TEL and AGT had been retired. All Telus products and companies adopted the TELUS brand name.
Subsidiaries
TELUS Communications
TELUS Corporation's principal subsidiary is the wholly owned Telus Communications Inc.
TELUS Health
In the summer of 2018, Telus acquired a "chain of medical clinics" for over $100 million. Telus also spent more than "$2 billion on digital health ventures." This included purchasing the "electronic medical record software" used by half of Canada's doctors. By March 2019, Telus had "become the biggest health-care information technology company in Canada".Telus has also partnered with the UK-based software developer and operator, Babylon, to launch a Telus Health app in Canada—digital chatbot capable of checking symptoms— in a cost and revenue sharing initiative.
TELUS International
is the global arm of Telus Corporation, providing global contact center and business process outsourcing services to corporations in the financial services, consumer electronics and gaming, telecommunications, energy and utilities industries. Telus International has contact centers in the Philippines, the United Kingdom, Central America, and Eastern Europe, where it is known as Telus International Europe.
Community investment
Finances
For the fiscal year 2019, Telus Corporation reported earnings of CA$5.554 billion, with an annual revenue of CA$14.658 billion, an increase of 8.8% over the previous fiscal year. Telus Corp shares traded at its all-time high stock closing price of $20.89 on 12 February 2020. Telus Corp operates the largest telecommunications company in Western Canada and the second largest in Canada.
The current board of directors as of June 2020 R.H. Auchinleck, the Chairman of Telus Corporation's board of directors, has been lead director since 2014, when Brian Canfield stepped down. Auchinleck, who has served on the Telus board since c. 2004, had previously been CEO at Gulf Canada Resources.
