The Globe and Mail reports in its Saturday edition that new Telus chief executive officer Victor Dodig says investors should expect a simplified, "less expansive" company in the coming years, as he leads it through a series of divestitures, refocuses on the core telecom business and puts a moratorium on acquisitions. The Globe's Irene Galea writes that like its peers, over the years Telus has sought to diversify its income sources as growth in its core earnings area -- phone and Internet services -- has moderated. For Telus, that has meant a series of expensive acquisitions, with forays into numerous sectors such as agriculture, overseas call centres and health care. Now, Mr. Dodig is jettisoning some of the side projects developed by his predecessor, Darren Entwistle, while leaning into advanced technology investments. The company has brought in outside advisers to help guide the telco, which will "be much more focused on Canadian telecom and ... data centres," Mr. Dodig said, speaking at a BMO conference. As part of that transition, he said, the company is in active talks to monetize part of its health care division, Telus Health. Mr. Dodig will next update investors at the company's Nov. 6 quarterly earnings call.
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