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. About TELUS 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 visit telus.com.
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For further information: For media inquiries, please contact: Shawn Hall, TELUS Media Relations, (604) 697-8176, shawn.hall@telus.com
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