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A data-centre boom in the Vancouver-headquartered telco’s home ground in Western Canada means there’s money to be made by supplying heavy-duty broadband connections, executive vice-president Navin Arora said on a conference call with analysts on Friday. Telus is also interested in partnerships to build “data-centre shells,” which include all the external infrastructure a tenant might need before bringing in its own computing equipment. (The Logic)
Talking point: Telus’s latest quarterly results included a one per cent dip in operating revenue, a net loss of $660 million driven by writing down the value of its Telus Health subsidiary by $800 million, and a plan to cut $900 million a year in expenses by the end of 2028. The company is looking to sell stakes in subsidiaries (including Telus Health) and its fibre-optic network (the same one it sees as a growth opportunity) to help pay off debt.
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