TELUS announces Supreme Court of B.C. decides in its favour

Court rejects Mason's attempt to set aside TELUS' interim order 
VANCOUVER, Oct. 15, 2012 /CNW/ - The Supreme Court of B.C. today rejected 
Mason Capital's attempt to challenge TELUS' share exchange proposal. The Court 
confirmed the validity of the order it had initially granted to TELUS enabling 
the company's shareholders to vote on its proposal to exchange non-voting 
shares for common shares on a one-for-one basis. TELUS' proposal requires 
approval of two-thirds of the company's non-voting share votes and a majority 
of common share votes. 
"We are pleased that the Supreme Court of B.C. has once again provided their 
support for our share exchange proposal to proceed, rejecting the latest legal 
maneuver from Mason Capital whose net economic ownership position in our 
company is a mere 0.02 per cent," said Darren Entwistle, TELUS President and 
CEO. "With 92.4 per cent support from our committed investors realized from 
our first proposal earlier this year and both independent proxy advisory 
firms, ISS and Glass Lewis, endorsing our proposal once again, we firmly 
believe this proposal is fair and significantly beneficial to all 
shareholders. Moreover, this effort is supporting material value creation for 
our company and both classes of our shareholders." 
Forward looking statement:
This news release contains statements about expected future events of TELUS 
that are forward-looking. By their nature, forward-looking statements require 
the Company to make assumptions and predictions and are subject to inherent 
risks and uncertainties. There can be no assurance that the share exchange 
proposal will receive voting approval and, if not approved, the market price 
of non-voting shares and/or common shares may decline given that share prices 
in both classes increased on the announcement of the February proposal. In 
addition, there can be no assurance that the pending or new court proceedings 
will find in favour of the October 17 meeting proceeding as planned, the final 
court order in respect of the Arrangement will be granted and that the 
associated benefits for TELUS shareholders will be realized. There is 
significant risk that the forward-looking statements will not prove to be 
accurate. Readers are cautioned not to place undue reliance on forward-looking 
statements as a number of factors could cause actual future events to differ 
materially from that expressed in the forward-looking statements. Except as 
required by law, TELUS disclaims any intention or obligation to update or 
revise forward-looking statements. 
About TELUS
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications company 
in Canada, with $10.6 billion of annual revenue and 12.8million customer 
connections including 7.4million wireless subscribers, 3.5million wireline 
network access lines, 1.3million Internet subscribers and 595,000 TELUS TV 
customers. Led since 2000 by President and CEO, Darren Entwistle, TELUS 
provides a wide range of communications products and services including 
wireless, data, Internet protocol (IP), voice, television, entertainment and 
video. 
In support of our philosophy to give where we live, TELUS, our team members 
and retirees have contributed more than $260million to charitable and 
not-for-profit organizations and volunteered 4.2million hours of service to 
local communities since 2000. Fourteen TELUS Community Boards lead TELUS' 
local philanthropic initiatives. TELUS was honoured to be named the most 
outstanding philanthropic corporation globally for 2010 by the Association of 
Fundraising Professionals, becoming the first Canadian company to receive this 
prestigious international recognition. 
For more information about TELUS, please visit telus.com. 
For media inquiries, please contact: 
Shawn Hall TELUS Social and Media Relations 604-697-8176 shawn.hall@telus.com 
For investor inquiries, please contact: Darrell Rae TELUS Investor Relations 
604-697-8192 ir@telus.com 
SOURCE: TELUS Corporation 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/October2012/15/c6988.html 
CO: TELUS Corporation
ST: British Columbia
NI: TLS LAW VERDICTS LAWVIEWS  
-0- Oct/15/2012 17:17 GMT
 
 
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