# EDGAR Filing Document

**Accession Number:** 0001825155
**File Stem:** 0000947871-25-000604
**Filing Date:** 2025-6
**Character Count:** 19078
**Document Hash:** 03d447a0a8dfc8edc886be564b87936a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000947871-25-000604.hdr.sgml**: 20250612

**ACCESSION NUMBER**: 0000947871-25-000604

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250612

**DATE AS OF CHANGE**: 20250612

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TELUS International (Cda) Inc.
- **CENTRAL INDEX KEY:** 0001825155
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 981362229
- **STATE OF INCORPORATION:** A1
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92300
- **FILM NUMBER:** 251041664

**BUSINESS ADDRESS:**
- **STREET 1:** 510 WEST GEORGIA STREET
- **STREET 2:** FLOOR 7
- **CITY:** VANCOUVER
- **STATE:** A1
- **ZIP:** V6B 0M3
- **BUSINESS PHONE:** 604 695 6400

**MAIL ADDRESS:**
- **STREET 1:** 510 WEST GEORGIA STREET
- **STREET 2:** FLOOR 7
- **CITY:** VANCOUVER
- **STATE:** A1
- **ZIP:** V6B 0M3
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TELUS CORP
- **CENTRAL INDEX KEY:** 0000868675
- **STANDARD INDUSTRIAL CLASSIFICATION:** RADIO TELEPHONE COMMUNICATIONS [4812]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 980361292
- **STATE OF INCORPORATION:** A1
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 510 W. GEORGIA STREET
- **STREET 2:** 23RD FLOOR
- **CITY:** VANCOUVER
- **STATE:** A1
- **ZIP:** V6B 0M3
- **BUSINESS PHONE:** 604-697-8044

**MAIL ADDRESS:**
- **STREET 1:** 510 W. GEORGIA STREET
- **STREET 2:** 23RD FLOOR
- **CITY:** VANCOUVER
- **STATE:** A1
- **ZIP:** V6B 0M3

## Exhibit 99.10

---

| | |
|:---|:---|
| &nbsp;&nbsp;![](image_001.jpg) | &nbsp;&nbsp;**TELUS Communications Inc.**<br> 510 W Georgia St<br> Vancouver, BC<br> Canada V6B 0M3 |

---

June 11, 2025

**Josh Blair, Lead Director of the Board of Directors of TELUS Digital**

TELUS International (Cda) Inc.

510 West Georgia Street

Vancouver, British Columbia V6B 0M3

Mr. Blair:

TELUS Corporation ("TELUS") is pleased to present the following non-binding proposal (the "Proposal") to acquire 100% of the outstanding multiple voting shares and subordinate voting shares (collectively, the "Shares") we do not already own of TELUS International (Cda) Inc. ("TELUS Digital" or the "Company"). This Proposal is subject to the terms, conditions and assumptions set out in this letter. Please feel free to share this Proposal with members of the Board of Directors of the Company.

As the Company's principal shareholder, TELUS has a long history with TELUS Digital dating back to 2005, and we are currently TELUS Digital's largest customer. We also have a shared culture that values our people and the innovation they bring to our respective businesses in the delivery of leading solutions and services to clients at any stage of their digital journey. Given our relationship, we are deeply familiar with TELUS Digital and believe we are best positioned to acquire and integrate the Company and help it to achieve its full potential. We have also assessed the merits for this proposed transaction and concluded that this is the only transaction that TELUS is prepared to consider for the Company and we would not support any refinancing, recapitalization, sale, merger or other alternative form of transaction, nor a sale of our Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.** **Offer Price:** We are proposing a purchase price of US$3.40 per Share in cash to acquire 100%
of the Shares of the Company that we do not own. This price values TELUS Digital at c. US$2.3bn enterprise value on a fully diluted basis
(excluding lease liabilities) and represents a premium of approximately 15% to the Company's closing share price on the New York
Stock Exchange on June 11, 2025, and a premium of approximately 23% over the Company's 30-day VWAP based on Canadian composite
(Toronto Stock Exchange and all Canadian marketplaces) and U.S. composite (New York Stock Exchange and all U.S. marketplaces) as of such
date. The proposed purchase price would be payable in cash, TELUS common shares, or a combination of both.

We believe this Proposal offers liquidity at a compelling value to TELUS Digital shareholders. In arriving at our Proposal, we have assumed that (i) the Company's capitalization, as described in the condensed interim consolidated financial statements for the three months ended March 31, 2025 and the 2025 information circular, consists of 164,381,876 multiple voting shares, 112,477,222 subordinate voting shares, 5,352,728 stock options, 12,216,332 performance share units, and 14,359,378 restricted share units and (ii) no substantial issuer bids, normal course issuer bids, dividends or extraordinary or special distributions will be effected, declared or paid following the date of this Proposal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.** **Transaction Structure:** We anticipate the transaction to be completed through a Court approved
plan of arrangement under the *British Columbia Business Corporations Act*. As part of the transaction, it is expected that all of
the outstanding debt of the Company will remain outstanding on its existing terms, with the transaction not constituting a "change
of control" event with respect thereof.

**Restricted - External** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.** **Financing:** We are a large, global corporation with ample liquidity and access to multiple sources
of financing. We intend to fund any cash consideration offered to TELUS Digital shareholders by utilizing a combination of cash on our
balance sheet and debt financing. The Arrangement Agreement (as defined below) would therefore not include any financing condition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.** **MI 61-101 and 13E-3:** We understand the transaction contemplated by this Proposal would be subject
to Multilateral Instrument 61-101 – *Protection of Minority Security Holders in Special Transactions* in Canada and
to Rule 13E-3 in the U.S. Accordingly, we would ask that you immediately undertake the required actions, including forming a special committee
comprised of independent directors. In order for the contemplated transaction to proceed expeditiously, we would like this work to commence
as soon as possible.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.** **Definitive Agreements**: The proposed transaction and its terms and conditions would be set out
in mutually acceptable arrangement agreement containing customary terms and conditions for a transaction of this size involving a controlling
shareholder (the "Arrangement Agreement"). We will promptly provide you with a draft Arrangement Agreement for your consideration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.** **Due Diligence and Timing:** Given our existing relationship, our familiarity with the Company
and our expertise in the sector, we are confident that we can complete due diligence and proceed towards signing the Arrangement Agreement
in an expedited manner. With appropriate access to the Company's management, business plan and other relevant data, we anticipate
being able to complete our confirmatory diligence within the timeframe required to negotiate the Arrangement Agreement. We have already
engaged third-party advisors and stand ready to engage with the Company. We anticipate our customary due diligence exercise to be focused
on, among other things: (a) reviewing and discussing with TELUS Digital management the Company's business plan and other relevant
information; (b) engaging in discussions with Company management to develop a post-closing integration plan; and (c) reviewing material
legal contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.** **Review and Approvals:** Our Board of Directors has reviewed and approved the submission of this
Proposal. Entering into the proposed Arrangement Agreement will be conditional on, among other things, completion of our due diligence,
negotiating a satisfactory Arrangement Agreement, securing support from key shareholders of TELUS Digital and final approval from our
Board. At the present time, we do not anticipate any regulatory approvals to be required in order for us to consummate the transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.** **Advisors and Other**: We have retained Barclays as our financial advisor, Stikeman Elliott as
our Canadian legal advisor and A&O Shearman as our US legal advisor. We may retain additional advisors if we deem necessary to complete
this transaction. We and our advisors are available to discuss the terms of this Proposal and respond to any questions.

As you are aware we are obligated to disclose this Proposal promptly in an amended 13D filing, which we expect to do before the market opens on June 12, 2025. We will also be required to issue a press release and file an early warning report on SEDAR+ in accordance with applicable Canadian securities laws.

This Proposal is non-binding and it is not intended to impose any obligation or liability on TELUS or any other person. Nothing in this Proposal shall be construed as an offer or commitment on the part of TELUS to negotiate the Arrangement Agreement or complete the proposed transaction, whether on the terms in this Proposal or any other terms.

We are looking forward to receiving your feedback by no later than June 18, 2025 and engaging with the Company to deliver a transaction that will benefit TELUS Digital and its shareholders.

Sincerely,

<u>/s/ Darren Entwistle</u>

**Darren Entwistle**

**President and CEO**

TELUS Corporation

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 3)**

**TELUS International (Cda) Inc.**

*(Name of Issuer)*

**Subordinate Voting Shares**

*(Title of Class of Securities)*

**87975H100**

*(CUSIP Number)*

**TELUS Corporation**<br>Floor 5, 510 West Georgia Street<br>Vancouver A1 V6B 0M3<br>(604) 695-6400

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/11/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **87975H100** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**TELUS CORP** | Name of reporting person<br>**TELUS CORP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**BRITISH COLUMBIA** | Citizenship or place of organization<br>**BRITISH COLUMBIA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**158878841.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**158878841.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**158878841.00** | Aggregate amount beneficially owned by each reporting person<br>**158878841.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**60.1%** | Percent of class represented by amount in Row (11)<br>**60.1%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**HC** | Type of Reporting Person (See Instructions)<br>**HC** | |

---

**Comment for Reporting Person:** Rows 7, 9 and 11 consist of 6,874,822 subordinate voting shares, no par value, of the Issuer ("Subordinate Voting Shares") and 152,004,019 multiple voting shares of the Issuer ("Multiple Voting Shares") held by 1276431 B.C. Ltd., 1276433 B.C. Ltd., 1276435 B.C. Ltd., 1276436 B.C. Ltd. and TELUS International Holding Inc., each a wholly-owned subsidiary of the Reporting Person. Multiple Voting Shares are convertible into Subordinate Voting Shares on a one-for-one basis at any time at the option of the Reporting Person and automatically upon the occurrence of certain events. Holders of Multiple Voting Shares are entitled to ten votes per Multiple Voting Share and holders of Subordinate Voting Shares are entitled to one vote per Subordinate Voting Share.

The percentage calculated in Row 13 is based upon 112,477,222 outstanding Subordinate Voting Shares of the Issuer and 164,381,876 outstanding Multiple Voting Shares of the Issuer as disclosed in the Issuer's Report on Form 6-K, filed with the Securities and Exchange Commission (the "SEC") on April 15, 2025. The Reporting Person, therefore, held 92.5% of the outstanding Multiple Voting Shares and 6.1% of the outstanding Subordinate Voting Shares, which represents 86.9% of the combined voting power of the Multiple Voting Shares and Subordinate Voting Shares. Assuming the Reporting Person converted all of its Multiple Voting Shares into Subordinate Voting Shares and BPEA does not convert its Multiple Voting Shares into Subordinate Voting Shares, the Reporting Person would have 60.1% of the outstanding Subordinate Voting Shares.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Subordinate Voting Shares

**(b) Name of Issuer:**
TELUS International (Cda) Inc.

**(c) Address of Issuer's Principal Executive Offices:**
Floor 5, 510 West Georgia Street, Vancouver, A1, V6B 0M3

This Amendment No. 3 (this "Amendment No. 3") to Schedule 13D amends and supplements the Statement on Schedule 13D filed by the Reporting Person with the SEC on May 26, 2023 (the "Original Schedule 13D", as amended by Amendment No. 1 filed with the SEC on February 16, 2024 and as further amended by Amendment No. 2 filed with the SEC on September 26, 2024). This Amendment No. 3 relates to the Subordinate Voting Shares of TELUS International (Cda) Inc., a corporation organized under the laws of British Columbia, Canada (the "Issuer"), with its principal executive offices located at Floor 5, 510 West Georgia Street, Vancouver, BC V6B 0M3. Capitalized terms used in this Amendment No. 3 and not otherwise defined shall have the same meanings ascribed to them in the Original Schedule 13D.

This Amendment No. 3 is being filed to disclose the non-binding indication of interest submitted by the Reporting Person on June 11, 2025 to acquire all of the issued and outstanding Subordinate Voting Shares and Multiple Voting Shares in the capital of the Issuer not already owned directly or indirectly by the Reporting Person (collectively, the "Shares") for a price per Share of US$3.40, to be paid cash, Reporting Person common shares or a combination of both.

**Item 4. Purpose of Transaction**

Item 4 of the Original Schedule 13D is hereby supplemented and amended to add the following information:

On June 11, 2025, the Reporting Person submitted a non-binding indication of interest (the "Non-Binding IOI") to the board of directors of the Issuer (the "Board") in respect of a proposed transaction pursuant to which the Reporting Person would, directly or indirectly through one of its subsidiaries, acquire all of the issued and outstanding Shares in the capital of the Issuer not already owned directly or indirectly by it for a price per Share of US$3.40, to be paid cash, Reporting Person common shares or a combination of both (the "Proposed Acquisition").

The entering into of definitive transaction documents with respect to the Proposed Acquisition is subject to a number of conditions, including, among other matters, confirmatory due diligence satisfactory to the Reporting Person, agreement on transaction structure, the negotiation and execution of mutually acceptable definitive transaction documents, and the formal approval of the Proposed Acquisition by the Board. Further, the consummation of the Proposed Acquisition, even if definitive transaction documents are entered into, would be subject to customary closing conditions for transactions of this nature, including, among others, the receipt of shareholder approvals required under applicable securities laws and court approval. No assurances can be given that definitive transaction documents with respect to the Proposed Acquisition will be entered into, as to the final terms of any transaction or that a transaction will be consummated.

The foregoing description of the Non-Binding IOI does not purport to be complete and is qualified in its entirety by reference to the Non-Binding IOI, a copy of which is filed as an exhibit hereto and is incorporated herein by reference. The Proposed Acquisition may result in one or more of the actions specified in clauses (a)-(j) of Item 4 of Schedule 13D, including the acquisition or disposition of additional securities of the Issuer, a merger or other extraordinary corporate transaction involving the Issuer, a change to the present composition of the Board, a change to the present capitalization or dividend policy of the Issuer, the delisting of the Issuer's securities from the New York Stock Exchange, and a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934. The Reporting Person may further consider pursuing other plans, proposals or other courses of action with the Issuer's management, the Board, other Issuer shareholders, advisors or other persons which could relate to, or result in, several of the matters referred to in clauses (a)-(j) of Item 4 of Schedule 13D.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 6 of the Original Schedule 13D is hereby further supplemented and amended to add the information contained in Item 4 of this Amendment No. 3, which is incorporated by reference into this Item 6 as if fully set forth herein.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** TELUS CORP

**Signature:** /s/ Andrea Wood

**Name/Title:** Andrea Wood/Executive Vice President and Chief Legal and Governance Officer

**Date:** 06/12/2025