The Globe and Mail reports in its Friday edition that Telus is proposing a more than $400-million deal to take back control of its affiliate, Telus Digital Experience (Telus International), which has seen its share price plummet since it went public, locking in major losses as the company considers future spinout plans (all figures U.S.). The Globe's Irene Galea writes that Telus has signed a non-binding indication of interest to acquire all outstanding multiple and subordinate shares of Telus Digital, which offers technology outsourcing, for $3.40, Telus said Thursday. Shares of Telus Digital on the New York Stock Exchange were up 26 per cent in morning trading, to $3.73. The parent company's shares rose 0.7 per cent. Telus Digital's share price debuted at $25 after its initial public offering in 2021, but has since declined by more than 90 per cent in the wake of industrywide pressures on customer-service businesses and the loss of major clients such as Meta Inc. The proposed acquisition represents a new cost for Telus, as it aims to pay down its nearly $25-billion in long-term debt, and looks to capitalize on its other business lines. Telus is proposing to pay cash, shares or a combination of both for the shares.