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TAGGED AS JEFF PRUITT

Telus acquires AI company for $1.2B ahead of IPO for Telus International

telecom | 11/06/2020 6:34 pm EST

The $1.2-billion acquisition of Lionbridge AI by Telus Corp. will "help accelerate the digital transformation and strategic growth journey of Telus International," CEO Darren Entwistle said on a third-quarter earnings call with analysts Friday.  The purchase will set Telus International up for that division’s planned initial public offering (IPO) in the first quarter of 2021, he said. Telus International provides IT services to clients across a number of industries.  The purchase of...