NEW YORK, N.Y. – U.S. hedge fund Mason Capital Management says the B.C. Court of Appeal will hear its challenge of a recent ruling that favoured Telus.
The appeal of the Supreme Court of British Columbia ruling that prevented Mason from holding a rival meeting of Telus shareholders next month has been fast-tracked to October 4, 2012, in order to decide the matter prior to the October 17 meeting of Telus shareholders.
Mason has been locked in a bitter dispute with Telus over the telecom’s proposed plan to eliminate its dual-class share structure without paying a premium to voting shareholders, including…
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TORONTO – Businesses can connect with leading charities and philanthropic organizations to learn how investing in their communities can lead to success at Telus’ Celebration of Giving breakfast SMB event this September 20.
Marc Kielburger, co-founder and co-CEO, Me to We and Free The Children and Tal Dehtiar, President and Founder, Oliberté Footwear will educate small-and medium-businesses on how investing in your community can not only improve employee morale, but positively impact your business, while creating a powerful force for positive change.
Strengthen Your Business with Social Responsibility – A Celebration of Giving takes place on Thursday, September 20. Registration…
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OTTAWA – The Competition Bureau announced Friday it’s launching a $31 million lawsuit against Bell Canada, Rogers Communications and Telus Corporation and the Canadian Wireless Telecommunications Association (CWTA). The Bureau alleges that the telcos promoted premium texting services while giving the impression that they were free. It’s also demanding that they cease the misleading advertising and provide full refunds to customers.
The lawsuit, which seeks penalties of $10 million from each telco, and $1 million from the CWTA, follows a five-month investigation. It concluded that Bell, Rogers and Telus, in conjunction with the CWTA, “facilitated the sale to their own…
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MONTREAL – Telus is another in the line of companies who want the purchase of Astral Media by Bell Canada killed.
But, if it is approved, the industry needs better rules to govern the behaviour of it and other vertically integrated companies (but especially Bell…), Telus told the CRTC Thursday morning in Montreal.
The best example of Bell’s intransigence, said Telus executives, is its dealings on multiplatform content. “It has been mentioned by many parties in this proceeding that Olympic coverage on mobile was only available to Bell Mobility subscribers,” said Telus director of broadcast regulation and corporate affairs, Ann Mainville-Neeson….
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VANCOUVER – The Supreme Court of British Columbia today ruled that Telus’ largest investor, hedge fund Mason Capital Management, cannot hold a meeting of its shareholders to consider a proposal that could have blocked the company's share consolidation plan.
The U.S. hedge fund which held 19% of Telus' voting shares as of March 31, is opposing Telus’ plan to consolidate its voting and non-voting stock on a one-for-one basis.
The Court determined that the actions of Mason were contrary to law and that its proposed meeting and resolutions will not proceed. Telus maintains that Mason’s proposal to exchange non-voting shares into…
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VANCOUVER – The Canadian Football League has teamed up with Telus to create a 100th anniversary replica Grey Cup, made from pennies, called The Fan Cup. Cast from the copper of Canadian pennies, The Fan Cup will be engraved with the names of thousands of CFL fans from across Canada and live inside The Canadian Football Hall of Fame as a symbol of appreciation for a century of loyal fan support.
Fans will create The Fan Cup trophy during The Grey Cup 100 Tour by using a custom-built Telus Penny Press to make their own 100th Grey Cup Game collectable…
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TORONTO – Telus has announced a five-year agreement with Free The Children as national co-title sponsor of We Day, a series of events held across Canada to inspire youth to create change in their communities and around the world. In addition to its sponsorship, Telus is launching a Phones for Good campaign on September 7, giving $25 from the sale of every Samsung Galaxy SIII or Samsung Ace Q to Free the Children.
Telus is also giving young Canadians the opportunity to attend the We Day event in their city through a special Earn Your Way to We Day initiative….
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VANCOUVER and NEW YORK – Telus is vowing to launch legal proceedings to quash a plan by U.S. hedge fund Mason Capital to hold its own shareholder meeting hours before the shareholder meeting that Telus has scheduled.
Earlier this month, Telus called a court-approved shareholder meeting for October 17, where all of its shareholders, including Mason, will vote on its share exchange proposal. On Friday, Mason announced it had called another meeting for earlier that same day in order to establish a minimum premium to Telus’ voting shares to be paid to shareholders in any transaction to have one…
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THE BACK-AND-FORTH paper war between Wind and Telus will not abate until the CRTC says one way or another whether it will call a hearing into the matter.
On one side we have Wind (also known as Globalive Wireless), which spent two years fighting off allegations from Telus, Public Mobile and others that its level of Canadian ownership did not satisfy Canadian regulations. That battle went all the way to the Supreme Court. On the other side we have Telus, which has run into some unexpected rough waters trying to convert its two share structure into…
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TORONTO – Telus Community Ambassadors in the Greater Toronto Area are helping ease some of the back-to-school financial strain for families throughout the region by donating free backpacks filled with school supplies to 740 students.
The initiative is part of the company’s ‘Kits for Kids’ program, an annual tradition through which thousands of backpacks are distributed to young students across Canada. Since 2006 nearly 60,000 ‘Kits for Kids’ backpacks have been given to kids in need.
"Programs such as Telus’ Kits for Kids are incredibly important for families in need”, said Crystal Brummell, president of the Central Toronto Community Ambassadors, in…
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