TELUS Management Commentary Attributes Q3 2026 Operating Loss to Intangible Asset and Goodwill Impairments

• TELUS management commentary attributed its third-quarter 2026 net loss of CAD 660 million primarily to impairments and higher financing costs.
• A CAD 800 million impairment reflected the health unit's recoverable value falling below its carrying value.
• Adjusted EBITDA fell 5% to CAD 1.76 billion, reflecting lower real estate gains, legacy voice declines and higher technology costs.
• Digital revenue weakened as clients reduced trust and safety and AI-related work; mobile subscriber growth helped offset consolidated revenue pressures.
• Free cash flow dropped 35% to CAD 396 million, driven by lower EBITDA and increased capital expenditures.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TELUS Corporation published the original content used to generate this news brief on November 06, 2026, and is solely responsible for the information contained therein.