Telus reports $660-million third-quarter loss on health unit impairment charge

The Globe and Mail · Irene Galea · 2026-11-06 13:22 UTC

Result comes as CEO Dodig works to refocus the company on its core telecom business

Telus Corp. reported lower revenue, a net loss of $660-million and an $800-million writedown of its health business in its third quarter, as the company’s new chief executive officer aims to refocus the company on its core telecom business while pursuing new cost savings.

The company also made progress on some telecom metrics during the quarter, and in its release Friday, it recommitted to asset sales and outlined plans to expand its investments in artificial intelligence data centres.

The results represent another mixed quarter for Telus, which has suffered a 27-per-cent share-price slide since the beginning of the year, despite recent efforts by executives to course correct after years of heavy spending on numerous acquisitions that the company struggled to fully integrate.

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