Court approves TELUS acquisition of Mobilicity

VANCOUVER, May 28, 2013 /CNW/ - TELUS welcomes today's approval of its 
acquisition of Mobilicity by the Ontario Superior Court of Justice. 
"Following on last week's vote in favour of the proposal by Mobilicity's 
debtholders, today's court decision takes us another important step closer to 
completing this acquisition, which will allow TELUS to save the jobs of 
Mobilicity's 150 employees and continue service for their 250,000 customers 
without the disruption that company's current financial issues could cause," 
said David Fuller, TELUS Chief Marketing Officer. 
TELUS and Mobilicity announced May 16 that TELUS had agreed to acquire the 
company for $380 million, subject to approval from the company's debtholders, 
the court, the Competition Bureau, and Industry Canada. On May 23 Mobilicity 
announced its debtholders voted in favour of the transaction. Today, the 
Ontario Superior Court of Justice found the proposed acquisition can proceed 
under the Canadian Business Corporations Act. 
TELUS and Mobilicity are seeking expeditious regulatory review due to the 
challenging financial circumstances Mobilicity is facing. 
Caution Regarding Forward Looking Statements
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 associated 
benefits for TELUS shareholders of the acquisition will be realized, or that 
the expected regulatory and court approvals will be obtained. 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, NYSE: TU) is a leading national telecommunications company in 
Canada, with $11 billion of annual revenue and 13.2million customer 
connections, including 7.7million wireless subscribers, 3.4million 
wireline network access lines, 1.4million Internet subscribers and 712,000 
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. 
For more information about TELUS, please visit telus.com. 
TELUS: Shawn Hall TELUS Social and Media Relations 604-695-6500 
shawn.hall@telus.com 
Robert Mitchell TELUS Investor Relations 647-837-1606 ir@telus.com 
SOURCE: TELUS Corporation 
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CO: TELUS Corporation
ST: British Columbia
NI: TLS MNA LAW VERDICTS LAWVIEWS  
-0- May/28/2013 16:39 GMT
 
 
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