Q: Hello, thanks for all you do for us. Could you tell me if Telus international is a takeover target for Telus (T) since the shares are well off the IPO price?
5i Research Answer:
TIXT has not been public for long, but we are sure T has been frustrated with the whole spin out experience. With repeated misses, TIXT may not get the valuation multiple T expected it to get, at least for some time. So we would not 'expect' it, but it is certainly a possibility.