Q2 2025 Telus Corp Earnings Call Transcript
Key Points
- TELUS Corp (TU) achieved industry-leading customer growth with 198,000 total mobile and fixed customer additions in Q2 2025.
- The company announced a $2 billion investment to expand broadband services in Ontario and Quebec, enhancing national scale and product innovation.
- TELUS Health demonstrated strong operating momentum with revenue and adjusted EBITDA growth of 16% and 29%, respectively.
- The company successfully monetized its wireless tower infrastructure, which will aid in balance sheet deleveraging and financial flexibility.
- TELUS Corp (TU) maintained a low postpaid mobile phone churn rate of 0.9%, marking the 12th consecutive year below 1%.
- Mobile network revenue declined slightly due to lower mobile phone ARPU and ongoing competitive pressures.
- The company recorded a non-cash impairment adjustment to goodwill, impacting net income and basic EPS.
- TELUS Corp (TU) experienced an uptick in churn, attributed to affordability constraints and competitive intensity.
- The company faces challenges in maintaining ARPU levels amidst competitive pricing pressures in the market.
- TELUS Corp (TU) is still in the early stages of its copper decommissioning program, with significant progress yet to be made.
Good day, everyone. Welcome to the TELUS 2025 Q2 earnings conference call. I would like to introduce your speaker, Mr. Robert Mitchell. Please go ahead.
Hello, everyone. Thank you for joining us today. Our second quarter 2025 results, news release, MD&A, financial statements, and detailed supplemental investor information were posted to our website earlier this morning. On our call today, we will begin with remarks by Darren and Doug. For the Q&A portion, we will be joined by Zainul, Navin, and Tobias.
Briefly, prepared remarks, slides and answers to questions contain forward-looking statements. Actual results could vary from these statements. The assumptions on which they are based and the material risks that could cause them to differ are outlined in our public filings with the securities commissions in Canada and the US, including our second quarter 2025 and our annual 2024 MD&A. And with that, over to you, Darren.
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