A business process-outsourcing firm recently secured regulatory approval to increase its capitalization.
Documents from the Securities and Exchange Commission showed Telus International Philippines Inc. raised its authorized capital stock to P851.59 million from P151.59 million. Ambergis Solutions Inc., the parent company of Telus International Philippines, fully subscribed to the capital stock increase by way of stock dividend.

Telus International Philippines is backed by Telus International, a wholly owned unit of Canada’s second-biggest telecommunications services provider Telus Corp. The Philippines is Telus’ largest offshore location with a workforce of over 8,000 employees across its five sites located in Bonifacio Global City, Cubao and Ortigas Center.

Telus International is a provider of customer call center services and information technology services to clients in the utilities, IT, telecom, consumer electronics and financial services industries.

The firm recently teamed up with De La Salle University for the Telus International University initiative. The program will provide an avenue for its employees to either complete their undergraduate studies or pursue post-graduate degrees even while working.