VANCOUVER, April 30 /CNW/ - Canadian consumers will soon enjoy the
flexibility and innovation fostered by a competitive telecommunications
marketplace thanks to today's announcement of a new price cap framework by the
Canadian Radio-television and Telecommunications Commission (CRTC).
The price cap framework regulates the pricing of telephone services
offered by incumbent telecommunications carriers where competitive forces do
not yet justify deregulation.
"Taken together, the recent forbearance ruling and today's price cap
decision will allow TELUS to bring tremendous competitive benefits to
consumers," said Janet Yale, TELUS executive vice-present of Corporate
Affairs. "The price cap framework will continue to protect customers living in
areas not yet deregulated, while giving them many of the competitive benefits
people living in deregulated communities will soon be enjoying."
The new price cap regime will go into effect on June 1, 2007.
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications
company in Canada, with $8.7 billion of annual revenue and 10.7 million
customer connections including 5.1 million wireless subscribers, 4.5 million
wireline network access lines and 1.1 million Internet subscribers. TELUS
provides a wide range of communications products and services including data,
Internet protocol (IP), voice, entertainment and video. Committed to being
Canada's premier corporate citizen, we give where we live. Since 2000, TELUS
and our team members have contributed more than $91 million to charitable and
non-profit organizations and volunteered more than 1.7 million hours of
service to local communities. Eight TELUS Community Boards across Canada lead
our local philanthropic initiatives. For more information about TELUS, please
For further information:
For further information: For media inquiries, please contact: Shawn
Hall, TELUS Media Relations, (604) 697-8176, firstname.lastname@example.org