In 1990, Telus Corp (TSX:T)(NYSE:TU) was established in an $896 million initial public offering (IPO) in what was the largest IPO in Canadian history up until that time.
So the 1990s saw the deregulation of the telecom industry — no longer owned by governments and open to competition.
In 1998, Telus was quickly becoming a leading national telecom company with its merger with BC Telecom.
More services and better interconnections were in the cards for consumers, and Telus had embarked on its aggressive growth plan.
Let’s fast forward to today.
Telus remains a force to be reckoned with and a leader in the telecom world.
Telus is Canada’s second largest telecommunications provider that provides wire line, data and wireless service, and provides investors with stability, predictability and dividend income.
This telecommunications company has recently reported better-than-expected results, it’s trading at 52-week highs with a dividend yield of 4.41%.
Telus has a long history of semi-annual dividend increases, with a 7-year compound annual growth rate (CAGR) of 11.4%.
It has been one of the faster growing telecom companies, and although this growth is off a smaller base, this faster growth has made Telus a success story.
Telus is involved in various projects that will help the long-term growth trajectory of the company.
Telus Health This healthcare app by Telus is a great example of how technology can make our lives easier and better.
And Telus is at the forefront of this.
The Telus Health Electronic Medical Record (EMR) solution has invested $2 billion in the Canadian healthcare system in the last five years, with a dedicated team to manage all tech and data needs.
Telus International Telus International is a subsidiary of Telus that provides multilingual customer service outsourcing and digital IT services to global clients.
Services include technical support, AI solutions, and infrastructure management, to name just a few.
5G coverage Telus enjoys a leading position in 5G, with industry-leading 5G coverage of 70% providing customers access to the newest of technologies in the telecom industry.
5G technology will bring with it dramatically faster speeds (up to 200 times faster than current networks), and the promise of truly connected smart homes and businesses closer to reality.
Cutting-edge wireless technologies brought to you by Telus.
Year-to-date, Telus stock has rallied 9% as its momentum continues.
Bottom line
Telus is a stable, defensive stock that is well-suited for investors looking for dividend income and long-term growth in a stable setting.
Fool contributor Karen Thomas has no position in any of the stocks mentioned.
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