Telus sells off 35% of subsidiary as Q1 profits tumble 9.1%

VANCOUVER – Telus is selling 35% of its international call centre and business process services subsidiary Telus International to an Asian private equity firm in a deal worth about $600 million.Telus said Thursday that it will retain its 65% majority ownership position in Telus International, which it said is valued at $1.2 billion based on the price paid by Baring Private Equity Asia.Launched in 2005, Telus International provides customer service, IT, and business process services to the telecommunications, utilities, high tech, gaming, finance, retail, e-commerce, travel and logistics, and health care sectors. It has more than 22,000 employees in Canada,...