PureFibre

Vancouver – November 06, 2026 -- TELUS Corporation reported a third-quarter 2026 net loss of $660 million after an $800 million non-cash goodwill impairment on TELUS Health, and launched an efficiency program targeting about $900 million in annualized cash savings exiting 2028.

TELUS earmarks 80 percent of $900 million savings for core Telecom

The multi-year program draws on operational cost and margin improvements and capital expenditure efficiencies. About 80 per cent of the savings will come from core Telecom and the balance from Global Platform Businesses. In Telecom, the levers are customer care, revenue per product, the balance between physical and digital channels, procurement, and network and field force efficiency.