1131 ET - Telus' push beyond traditional telecom into health, agriculture, digital services, and real estate has created both opportunity and frustration, says Adam Shine of National Bank of Canada. "Many of these elements are familiar to telecom investors, but the latter may not be looking for a health, agriculture or REIT angle for their investments in telecom," the analyst says in a report. He thinks that while some investors may also be losing patience as to when value gets unlocked from the vertical strategy that Telus has been pursuing. Execution in 2026 will be critical, especially for a multi-faceted business such as Telus', Shine says. Debt reduction needs to stay on track, wireless pricing must firm up, and asset sales could help simplify the narrative. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

January 02, 2026 11:31 ET (16:31 GMT)

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