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  5. T: If Telus is successful in selling a minority position in its tower network, will the proceeds be enough to "right the ship" in terms of its ability to continue paying its stated dividend, its debt/... [TELUS Corporation]
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Investment Q&A

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Q: If Telus is successful in selling a minority position in its tower network, will the proceeds be enough to "right the ship" in terms of its ability to continue paying its stated dividend, its debt/equity ratio and any other metric used to evaluate whether the company is investable at this time?

Would you buy Telus today with the idea that if such a deal does go through that is merely a potentially added benefit and if so at what price would you initiate a position?

Thanks for the great service.

Ian
Asked by Ian on March 31, 2025
5i Research Answer:

We have tower comments posted here. We would be OK buying some T below $20. It is not risk-free, but the dividend is likely OK for some time, and in the current market owning a regulated business paying close to 8% does not seem like a bad thing to us.