TELUS comments on Industry Canada's decision on TELUS' proposed acquisition of
VANCOUVER, June 4, 2013 /CNW/ - TELUS today provided the following comments in
response to Industry Canada's decision regarding TELUS' proposed acquisition
of Mobilicity. Following earlier approvals from Mobilicity debt holders and
the court, earlier today Industry Minister Christian Paradis announced the
government will not approve TELUS' acquisition of the struggling wireless
Today's decision is unfortunate for Mobilicity's 250,000 customers, 150
employees and debtholders, who now face considerable uncertainty due to the
pressing financial challenges facing the company. TELUS will drive on with our
proven strategy that has served us so successfully over the years. We will
continue to focus on our sustained investment in wireless infrastructure,
broadband data services and putting our customers first.
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 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.
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
In support of our philosophy to give where we live, TELUS, our team members
and retirees have contributed more than $300million to charitable and
not-for-profit organizations and volunteered 4.8million 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.
TELUS: Shawn Hall TELUS Social and Media Relations 604-619-7913
Darrel Rae TELUS Investor Relations 604-697-8192 email@example.com
SOURCE: TELUS Corporation
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-0- Jun/04/2013 18:07 GMT
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