TELUS announces debt offering



    Five and 10 year Notes for up to C$800 million

    VANCOUVER, March 8 /CNW/ - TELUS Corporation (TSX: T, T.A; NYSE:   TU)
announced today a proposed debt offering in Canada and the United States of up
to C$800 million unsecured Notes. The Notes will be offered through a
syndicate of agents led by TD Securities Inc. and which includes BMO Capital
Markets, CIBC World Markets Inc., RBC Capital Markets Inc., Scotia Capital
Inc., HSBC Securities (Canada) Inc., National Bank Financial Inc., and
Desjardins Securities Inc.
    The Notes are to mature on March 15, 2012 and March 15, 2017 with the
interest rate and other terms to be determined by negotiation with the agents.
    The net proceeds of the offering will be used for general corporate
purposes including the redemption of TELUS' 7.50% U.S. $ Series 1 Notes due
June 2007.
    The offering is being made pursuant to a preliminary prospectus
supplement to TELUS' short form base shelf prospectus dated August 24, 2005
each as filed with Canadian and U.S. securities regulatory authorities.
    This news release does not constitute an offer to sell or the
solicitation of an offer to buy the securities in any jurisdiction. The
securities being offered have not been approved or disapproved by any Canadian
or U.S. regulatory authority nor has any such authority passed upon the
accuracy or adequacy of the short form base shelf prospectus or the
preliminary prospectus supplement.
    Copies of the short form base shelf prospectus and the preliminary
prospectus supplement relating to the offering of the Notes as filed with
securities regulatory authorities may be obtained from TD Securities Inc.
Fixed Income Origination, 222 Bay Street, 7th Floor, Toronto, Ontario, M5K 1A2
c/o Patrick Scace, telephone 416-308-2172 or e-mail
patrick.scace@tdsecurities.com.

    About TELUS

    TELUS (TSX: T, T.A; NYSE:   TU) is a leading national telecommunications
company in Canada, with $8.7 billion in annual revenue and 10.7 million
customer connections including 5.1 million wireless subscribers, 4.6 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 services. Committed to
being Canada's premier corporate citizen, over the last six years TELUS has
contributed more than $76 million to charitable and non-profit organizations,
and has established seven TELUS Community Boards across Canada to lead its
local philanthropic initiatives.

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    Forward Looking Statements

    This news release contains forward looking statements. Forward looking
    statements are not based on historical facts, but rather on current
    expectations, Company assumptions and projections about future events,
    and are therefore subject to risks and uncertainties which could cause
    actual results to differ materially from the future results expressed or
    implied by the forward looking statements. Such statements are qualified
    in their entirety by the inherent risks and uncertainties surrounding
    future expectations. Company assumptions and risk factors are listed from
    time to time in TELUS' reports, public disclosure documents including
    Management's discussion and analysis, Annual Information Form, and in
    other filings with securities regulatory authorities in Canada and the
    United States.
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For further information:

For further information: Robert Mitchell, Investor Relations, (416)
279-3219, ir@telus.com; Allison Vale, Media Relations, (416) 629-6425,
allison.vale@telus.com

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TELUS Corporation

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