6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934

_____________________________________________________________________________________________

For the month of February 2021
Commission File Number 001-15144

TELUS CORPORATION
(Translation of registrant's name into English)

_____________________________________________________________________________________________

23rd Floor, 510 West Georgia Street
Vancouver, British Columbia V6B 0M3
Canada
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ¨                           Form 40-F þ

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1). _____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7). _____

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

TELUS CORPORATION
By:	/s/ Andrea Wood
	Name:	Andrea Wood
	Title:	Chief Legal and Governance Officer

Date: February 3, 2021

Exhibit Index

Exhibit Number	Description of Document
99.1	Press release dated February 3, 2021

EX-99.1

EXHIBIT 99.1

	News Release

TELUS International announces pricing of upsized initial public offering

February 3, 2021

Vancouver, Canada – TELUS Corporation (TSX: T; NYSE: TU) and its subsidiary, TELUS International (Cda) Inc. (TELUS International), today announced the pricing of the upsized TELUS International initial public offering (IPO) of 37.0 million subordinate voting shares at a price of US$25.00 per share.

The offering is expected to generate aggregate gross proceeds to TELUS International, TELUS Corporation (TELUS) and Baring Private Equity Asia (Baring) of U.S. $925 million (CAD$1.18 billion) (or U.S. $1.06 billion (CAD$1.36 billion), if the underwriters exercise their over-allotment option in full), with expected net proceeds to TELUS International of approximately US$490 million (CAD$627 million), which are expected to be used to repay outstanding borrowings under its revolving credit facilities. TELUS International will not receive any proceeds from the subordinate voting shares sold by the selling shareholders.

The subordinate voting shares are expected to begin trading on the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbol “TIXT” on February 3, 2021. The offering is expected to close on February 5, 2021, subject to customary closing conditions.

The subordinate voting shares offered in the IPO include approximately 21.0 million from TELUS International treasury and approximately 16.0 million from TELUS and Baring, the selling shareholders. The selling shareholders have granted the underwriters a 30-day option to purchase up to 5.55 million additional subordinate voting shares at the IPO price, less underwriting discounts and commissions (the over-allotment option).

Following the offering, TELUS is expected to hold approximately 67.8% of the voting power of TELUS International (67.0% if the underwriters’ over-allotment option is exercised in full) and 57.1% of the economic interest (55.2% if the underwriters’ over-allotment option is exercised in

full). Baring is expected to hold approximately 30.1% of the voting power of TELUS International (30.7% if the underwriters’ over-allotment option is exercised in full) and 25.4% of the economic interest (25.3% if the underwriters’ over-allotment option is exercised in full).

J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as joint lead book-running managers for the IPO. Barclays Capital Inc., BofA Securities, Inc. and CIBC World Markets Inc. are also acting as active book-running managers. Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, RBC Dominion Securities Inc., Robert W. Baird & Co. Incorporated, BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Wells Fargo Securities, and William Blair & Company, L.L.C. are also acting as book-running managers. Additionally, MUFG Securities Americas Inc., National Bank Financial Inc., Loop Capital Markets LLC and R. Seelaus & Co., LLC are acting as co-managers.

A registration statement relating to the IPO was filed with, and declared effective by, the U.S. Securities and Exchange Commission. TELUS International has also obtained a receipt for its final base PREP prospectus filed with the securities regulatory authorities in each of the provinces and territories of Canada. The IPO is being made only by means of a prospectus. A copy of the prospectus related to the offering may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204, or by email at prospectus-eq_fi@jpmchase.com; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling (888) 603-5847, or by email at barclaysprospectus@broadridge.com; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, or by email at dg.prospectus_requests@bofa.com; or CIBC Capital Markets, 22 Front Street West, Mailroom, Toronto, ON, M5J 2W5, by telephone at (416) 956-3636, or by email at michelene.dougherty@cibc.ca.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of TELUS International, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

About TELUS International
TELUS International designs, builds and delivers next-generation digital solutions to enhance the customer experience (CX) for global and disruptive brands. The company’s services support the full lifecycle of its clients’ digital transformation journeys and enable them to more quickly embrace next-generation digital technologies to deliver better business outcomes. TELUS International’s integrated solutions and capabilities span digital strategy, innovation, consulting and design, digital transformation and IT lifecycle solutions, data annotation and intelligent automation, and omnichannel CX solutions that include content moderation, trust and safety solutions and other managed solutions. Fueling all stages of company growth, TELUS International partners with brands across high growth industry verticals, including tech and

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games, communications and media, eCommerce and fintech, healthcare, and travel and hospitality. Learn more at: telusinternational.com.

About TELUS Corporation

TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading communications technology company spanning wireless, data, IP, voice, television, entertainment, video, and security. We leverage our global-leading technology and compassion to enable remarkable human outcomes. Our longstanding commitment to putting our customers first fuels every aspect of our business, making us a distinct leader in customer service excellence and loyalty. In 2020, TELUS was recognized as having the fastest wireless network in the world, reinforcing our commitment to provide Canadians with access to superior technology that connects us to the people, resources and information that make our lives better. TELUS Health is Canada’s leader in digital health technology, improving access to health and wellness services and revolutionizing the flow of health information across the continuum of care. TELUS Agriculture provides innovative digital solutions throughout the agriculture value chain, supporting better food outcomes from improved agri-business data insights and processes. TELUS International is a leading digital customer experience innovator that delivers next-generation AI and content management solutions for global brands across the technology and games, ecommerce and FinTech, communications and media, healthcare, travel and hospitality sectors. TELUS and TELUS International operate in 25+ countries around the world.

Driven by our passionate social purpose to connect all citizens for good, our deeply meaningful and enduring philosophy to give where we live has inspired TELUS, our team members and retirees to contribute more than $820 million and 1.6 million days of service since 2000. This unprecedented generosity and unparalleled volunteerism have made TELUS the most giving company in the world.

For more information about TELUS, please visit telus.com, follow us @TELUSNews on Twitter and @Darren_Entwistle on Instagram.

TELUS Investor Relations Ian McMillan (604) 695-4539 ir@telus.com   TELUS Media Relations Steve Beisswanger (514) 865-2787 Steve.Beisswanger@telus.com TELUS International Investor Relations Jason Mayr (604) 695-3455 ir@telusinternational.com   TELUS International Media Relations Ali Wilson (604) 328-7093 Ali.Wilson@telusinternational.com

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