TELUS CEO's Parting Shot: '$2 Billion in AI Revenue by 2028' Is the Number He Wants Investors to Remember

"AI-enabling capabilities revenue targeted to grow from circa $800 million in 2025 to approximately $2 billion in 2028 across both TELUS Digital and TELUS Business Solutions, including important contributions from our sovereign AI factories. In Q4 2025 alone, AI-enabling capabilities revenue increased 44% to $229 million, and grew 35% for the full year."

"TELUS held onto legacy data centers in Rimoski and Kamloops that peers sold off, and has since converted them into sovereign AI infrastructure with a minimum amount of capital investment. Add an NVIDIA partnership that gives TELUS advantaged access to chips and pricing, and you have a differentiated position most telecom investors haven't priced in."

"TELUS Health revenue grew 13% and Adjusted EBITDA grew 10% in Q4, with 161.2 million healthcare lives covered globally. The LifeWorks integration delivered $431 million in annualized synergies, nearly three times the original $150 million target set at acquisition in September 2022."

TELUS has evolved significantly under CEO Darren Entwistle's 26-year leadership into a diversified technology company. AI-enabling capabilities revenue grew 44% in Q4 2025 to $229 million, with full-year growth of 35%, demonstrating accelerating momentum. The company leveraged retained data centers in Rimouski and Kamloops to build sovereign AI infrastructure with minimal capital investment, complemented by an NVIDIA partnership providing advantaged chip access. TELUS Health generated 13% revenue growth and 10% Adjusted EBITDA growth in Q4, covering 161.2 million healthcare lives globally. The LifeWorks integration exceeded expectations, delivering $431 million in annualized synergies versus the original $150 million target. Management is actively exploring strategic partnerships for TELUS Health, positioning the unit for significant value realization.

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