Briefing

Telus to buy Geman call centre company for $1.3 billion

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The Canadian telecom’s international unit is acquiring Berlin-based Competence Call Center (CCC) using a mixture of debt and equity, and is planning to take it public within 24 months. (The Logic, Business in Vancouver)

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Talking point: The acquisition will be one of the largest transactions in Telus International’s history. The company said it expects the combined annualized revenue in 2019 to pass $1.75 billion and its earnings to increase to about $400 million. Post-merger, Telus International will have a team 50,000 strong, working in 20 countries across North and Central America, Europe and Asia to beef up its content-moderation efforts, which include monitoring websites and social media platforms for clients. The CCC acquisition comes two months after Telus closed a deal to buy the home security firm ADT Security Services Canada for $700 million.