Telus' C$900M Operating Costs Savings Targets Seen as Positive Surprise -- Market Talk

0950 ET - Telus' 3Q highlight is its C$900 operating expense reduction targets, says TD Cowen's Vince Valentini. In a report, the analyst says that this tops his estimates of between C$400 million and C$600 million. Since 80% of the cuts are aimed at the company's core telecom, a segment that carries more weight since noncore elements might get divested, he estimates about C$720 million in opex reduction, or about 460 basis points to margins, over the next two years. While details are still scarce, Valentini says "the plan to start with is a meaningful positive surprise in our view." (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

November 06, 2026 09:50 ET (14:50 GMT)