Total telecom customer growth of 406,000, up 59,000 over last year, an all-time quarterly record, driven by strong customer demand for our leading portfolio of bundled services across Mobility and FixedSeptember 30TELUS makes significant contributions and investments in the communities where team members live, work and serve and to the Canadian economy on behalf of customers, shareholders and team members. These include:TELUS today reconfirmed its consolidated financial targets as presented below. TELUS’ consolidated financial targets for 2023 are guided by a number of long-term financial objectives, policies and guidelines, which are detailed in Section 4.32023 consolidatedfinancial targetsOperating revenues(2) Excludes approximately $75 million targeted towards real estate development initiatives.The TELUS Board of Directors declared a quarterly dividend of $0.3761 per share on the issued and outstanding Common Shares of the Company payable on January 2, 2024 to holders of record at the close of business on December 11, 2023. This quarterly dividend reflects an increase of 7.1 per cent from the $0.3511 per share dividend declared one year earlier and consistent with our multi-year dividend growth program.In October 2023, Kathy Kinloch stepped down from our Board. Kathy joined the Board in 2017 and during her tenure, served on the Audit, Corporate Governance and People, Culture and Compensation Committees. We thank Kathy for her outstanding contributions and service to TELUS.Giving Back to Our CommunitiesInterested investors, the media and others may review this quarterly earnings news release, management’s discussion and analysis, quarterly results slides, audio and transcript of the investor webcast call, supplementary financial information at telus.com/investorsChallenges to our ability to deploy technology includingCapital expenditure levels and potential outlays for spectrum licences in auctions or purchases from third partiesSecurity threatsBusiness continuity eventsEnergy useLower than planned free cash flow could constrain our ability to invest in operations, reduce leverage or return capital to shareholdersAbility to successfully implement cost reduction initiatives and realize planned savings, net of restructuring and other costs, without losing customer service focus or negatively affecting business operationsReconciliation of adjusted Net incomeSeptember 30September 30(C$ millions)September 30September 30    preceding line items and other individually immaterial items included in
    Net income neither providing nor using cashSeptember 30September 30TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading communications technology company with more than $18 billion in annual revenue and 18 million customer connections spanning wireless, data, IP, voice, television, entertainment, video, and security. Our social purpose is to leverage our global-leading technology and compassion to drive social change and enable remarkable human outcomes. Our longstanding commitment to putting our customers first fuels every aspect of our business, making us a distinct leader in customer service excellence and loyalty. The numerous, sustained accolades TELUS has earned over the years from independent, industry-leading network insight firms showcase the strength and speed of TELUS’ global-leading networks, reinforcing our commitment to provide Canadians with access to superior technology that connects us to the people, resources and information that make our lives better.Robert Mitchell
(647) 837-1606
[email protected] Beisswanger
(514) 865-2787
[email protected]
(GlobeNewsWire)