Telus offers to fully own digital unit for greater control of AI capabilities

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Telus offers to fully own digital unit for greater control of AI capabilities
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PETALING JAYA: Star Media Group (SMG) has been awarded silver for 'Best Digital Publisher of the Year' at the MDA D-Awards 2025, recognising the Group's role in using journalism to accelerate ESG awareness and action through StarESG, its dedicated editorial platform for environmental, social and governance (ESG) issues.

-Telus said on Thursday it intends to acquire the shares in its listed digital services subsidiary it does not currently own, as the Canadian telecom firm seeks greater control of the unit's artificial intelligence capabilities.

This is a 15% premium to the last closing price of the subsidiary's U.S.-listed stock. U.S.-listed shares of the digital unit are down more than 24% this year, severely lagging the parent company whose U.S. listing is up nearly 19% this year.

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