TELUS increasing previously-announced Normal Course Issuer Bid to purchase TELUS shares to $1 billion from $500 million

TELUS increasing previously-announced Normal Course Issuer Bid to purchase 
TELUS shares to $1 billion from $500 million 
VANCOUVER, July 22, 2013 /CNW/ - TELUS' Board of Directors has approved an 
increase in the scope of the company's Normal Course Issuer Bid first 
announced May 21, 2013 for the purchase and cancellation of TELUS common 
shares to $1 billion from $500 million to be completed by December 31, 2013 
(the "Amended NCIB"). Subject to regulatory approval, TELUS will increase the 
number of shares it may purchase under the Amended NCIB to 31.9 million common 
shares from 15 million common shares, representing approximately 4.9 per cent 
of the company's outstanding shares as at May 17, 2013 (the reference date for 
the original NCIB). As of June 30, approximately 8.4 million shares had 
already been purchased under the program at an average price of $33.40 per 
share, for a total of about $281 million. All other terms of the NCIB remain 
The company's Board of Directors believes that such purchases are in the best 
interest of TELUS and that such purchases constitute an attractive investment 
opportunity and desirable use of TELUS' funds that should enhance the value of 
the remaining shares. 
Forward Looking Statements 
This media release contains statements about future events at 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. Accordingly, this news release is subject to the 
disclaimer and qualified by the assumptions (including assumptions for 2013 
annual guidance, CEO three-year goals to 2013 for EPS and free cash flow 
growth to 2013 excluding spectrum costs, semi-annual dividend increases to 
2016, ability to sustain and complete multi-year share purchase programs to 
2016), qualifications and risk factors referred to in the first quarter 
Management's discussion and analysis, in the 2012 annual report, and in other 
TELUS public disclosure documents and filings with securities commissions in 
Canada (on SEDAR at and in the United States (on EDGAR at 
Except as required by law, TELUS disclaims any intention or obligation to 
update or revise forward-looking statements, and reserves the right to change, 
at any time, at its sole discretion, its current practice of updating annual 
targets and guidance. 
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 
For more information about TELUS, please visit

SOURCE  TELUS Corporation 
Investor Relations Darrell Rae (604) 697-8192 
Media Relations Shawn Hall (604) 619-7913 
To view this news release in HTML formatting, please use the following URL: 
CO: TELUS Corporation
ST: British Columbia
-0- Jul/23/2013 01:12 GMT
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