Telus Targets CA$900 Million in Cost Savings

The Canadian telecom reported a quarterly net loss while setting a savings goal for completion by the end of 2028.

Updated on Nov. 10, 2026 in Telecommunications

Telus Targets CA$900 Million in Cost Savings

Live Poll

Do you trust large phone companies to keep service quality up while cutting costs?

Telus reported operating revenue of CA$5.03 billion for the quarter, down one percent year-on-year, and a net loss of CA$660 million. The company announced a cost savings target of CA$900 million by the end of 2028.

Why it matters

The net loss was driven by a pre-tax, non-cash charge of CA$800 million related to Telus Health, signalling a major shift in strategy under new leadership. The company says the plan aims to return it to a leading communications and AI infrastructure player in Canada.

Telus recorded CA$5.03 billion in quarterly operating revenue, down one percent year-on-year, with a net loss of CA$660 million. Subscriber connections rose to 18.3 million from 17.2 million a year earlier, and the company added 84,000 net new mobile phone customers.

The players

Telus

Telus is a major Canadian telecommunications company that also operates health and technology businesses.

Victor Dodig

Victor Dodig is the president and CEO of Telus who is leading the company's transformation strategy.

Marc Allera

Marc Allera is a telecom executive who left EE last year after nearly a decade as its CEO and joins the Telus board in 2027.

The details

Telus plans to achieve the savings through operational costs, margin improvement, and capital expenditure efficiencies. Dodig stated that 80 percent of the cash savings will come from the core telecoms side of the company.

Victor Dodig became president and CEO of Telus earlier this year.
Telus announced its cost savings target during its Q3 earnings call last week.
Telus aims to complete the CA$900 million savings program by the end of 2028.
Marc Allera joins the Telus board on January 1, 2027.
Bill Thomas joins the Telus board at the start of 2027.

Market Landscape

Telus is positioning itself as a leaner, more focused operator in Canada's communications sector, with its CA$900 million savings target and a CA$800 million non-cash charge tied to Telus Health reshaping its near-term outlook. The strategy emphasizes returning the company to a leading role in communications and AI infrastructure as competition in the Canadian market intensifies.

For Telus customers, the company's push to add mobile subscribers and manage costs could shape pricing and service decisions in the coming years. The savings target is set to be completed by the end of 2028, so changes to operations may become visible over that period.

The takeaway

Telus's cost savings goal and board changes signal a leaner strategy, and readers tracking Canadian telecom pricing and service should watch how the CA$900 million target unfolds through 2028.