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 company.
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
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 13.2 million
customer connections, including 7.7 million wireless subscribers,
3.4 million wireline network access lines, 1.4 million 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.
In support of our philosophy to give where we live, TELUS, our team
members and retirees have contributed more than $300 million to
charitable and not-for-profit organizations and volunteered 4.8 million
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
For more information about TELUS, please visit telus.com.
SOURCE: TELUS Corporation
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