TELUS closes debt offering

    Five and 10 year Notes for C$1 billion

    VANCOUVER, March 13 /CNW/ - TELUS Corporation (TSX: T, T.A; NYSE:   TU)
announced today the successful closing of its previously announced offering of
4.50% Notes, Series CC, due March 15, 2012 for aggregate proceeds of
approximately $300 million, and 4.95% Notes, Series CD due March 15, 2017 for
aggregate gross proceeds of approximately C$700 million.
    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.
    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 offered have not been approved or disapproved by any Canadian or
U.S. securities regulatory authority, nor has any authority passed upon the
accuracy or adequacy of the short form base shelf prospectus or the prospectus
    The offering was made pursuant to a prospectus supplement dated March 8,
2007 to TELUS' short form base shelf prospectus dated August 24, 2005 each as
filed with Canadian and U.S. securities regulatory authorities. Copies of the
prospectus supplement and the short form base shelf prospectus 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

    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.

    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.

For further information:

For further information: Robert Mitchell, Investor Relations, (416)
279-3219,; Allison Vale, Media Relations, (416) 629-6425,

Organization Profile

TELUS Corporation

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890