Update on TELUS: MCE and TELUS Expands Partnership; Telus Earlier Cited Ties With Amazon Web Services

Canadian telco giant TELUS on Tuesday said it is using Amazon Web Services, a unit of Amazon.com (NASDAQ: AMZN), IoT Device Management's new managed integrations feature as a key component of its SmartHome+ solution.

TELUS said it will leverage the platform to launch do-it-yourself and fully monitored security plans later this year.

"This technology not only simplifies device integration but also provides the scalability and security needed to support TELUS's growing smart home ecosystem," said AWS IoT Vice President Yasser Alsaied.

Shares of the company closed up $0.09 to $22.48 on Monday on the Toronto Stock Exchange.

Ericsson said Thursday its telecom joint venture Aduna, has teamed up with EnStream to grow its network application programming interface ecosystem in Canada.

The partnership will provide access to telecom network APIs from Bell, Rogers Communications , and Telus , enabling secure and efficient scaling of digital services.

It will also integrate EnStream's APIs into Aduna's platform, providing Number Verification for authentication and SIM swap protection for fraud prevention.

Ericsson previously launched the Aduna joint venture together with some of the world's biggest telecom operators.

Canadian telcos are back to fighting tooth and nail for subscribers, slashing prices for their mobile services. TD Cowen's Vince Valentini says "over the past week we have noticed more aggressive online wireless pricing from the big three flanker brands." The analyst says that the most notable changes include the addition of a C$39/20GB plan at Fido and Virgin Plus, and more aggressive pricing at Koodo, which now offers a C$39/60GB plan. In-store is also more aggressive, with many of the carriers offering C$35/60GB. "After approximately one and a half months of more disciplined behavior, we have seen a return of more aggressive rate plans," Valentini says. "We fear an imminent response from Freedom," Valentini adds. (adriano.marchese@wsj.com)

Telus' fourth-quarter results were in line with RBC's forecast and 2025 guidance was slightly stronger than expected and certainly the best among the Big 3, notes RBC analyst Drew McReynolds.

While acknowledging some uncertainty over telecom pricing and market expansion in 2025, management expects increased product intensity and multi-product penetration across its subscriber base, small and medium business (SMB) revenue growth, and double-digit growth in high-margin IoT revenues and other new B2B revenues, may potentially shield Telus from broader industry headwinds, McReynolds writes.

Reiterate Outperform. Target increased by $1, to $25.

Ratings actions from Baystreet: http://www.baystreet.ca

(16:49 GMT) TELUS Corp. Price Target Raised to C$25.00/Share From C$24.00 by TD Securities

Ratings actions from Baystreet: http://www.baystreet.ca

TELUS has an average rating of overweight and mean price target of CA$22.92, according to analysts polled by FactSet.