VANCOUVER – Telus and Emergis announced today that they have entered into a support agreement pursuant where Telus has agreed to make an offer to acquire all the outstanding common shares of Emergis for $8.25 cash per common share.
The offer represents a premium of 17% over Emergis’ average closing price on the Toronto Stock Exchange over the past 30 days, 19% over yesterday’s close and values Emergis’ equity at approximately $763 million on a fully diluted basis, according to the joint press release issued by the companies.
Emergis has a strong presence in both health claims processing and…
Continue Reading
OTTAWA – TELUS said Wednesday it’s “deeply disappointed” with the government’s rules that were announced for the upcoming Advanced Wireless Spectrum (AWS) auction.
“It (the decision on the rules) is inconsistent with this government’s stated policy of relying on market forces to deliver benefits to Canadian consumers. It also rewards companies that have both the resources and the motivation to bid openly for new available spectrum,” said Janet Yale, executive vice-president, TELUS Corporate Affairs, in a statement. “As a consequence, Canadian taxpayers will receive less than full market value for the new spectrum.”
She added, “TELUS advocated a policy that…
Continue Reading
VANCOUVER – Third quarter revenue increased 4.5% to $2.31 billion compared to the third quarter of 2006, reports Telus this morning.
The performance in the quarter ended September 30th was driven by 9% growth in both wireless revenue and wireline data revenue, partially offset by ongoing declines in local and long distance wireline revenues. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) increased 3.6% to $987 million due to an increase in wireless EBITDA of 8%, while wireline EBITDA decreased by 1%.
Net income in the quarter was $410 million and earnings per share (EPS) were $1.24, up…
Continue Reading
MONTREAL – Telus has won a long-term contract to provide the information technology infrastructure for the Western Canada-based operations of the Yellow Pages Group.
YPG is Canada’s largest directory publisher and the contract is valued at approximately $90 million, said Telus. The exact length of the deal was not disclosed.
“We are pleased to entrust Telus with the day-to-day support of our information technology infrastructure,” said Yvan Proteau, YPG’s chief information officer, in the press release. “This allows us to focus on strategic issues, drive the business forward and support our growth strategy.”
Under the agreement, Telus will provide…
Continue Reading
VANCOUVER – Dow Jones has ranked Telus among the world’s top economic, environmental and social leaders by naming the company to the Dow Jones Sustainability Index for the seventh year in a row.
Telus is the only North American telecommunications company on it and one of just 10 Canadian businesses across all sectors included in the global index.
The index’s judges gave Telus high marks for corporate governance, risk and crisis management, privacy protection, environmental reporting, human capital development and stakeholder engagement, says the company’s press release.
“At Telus, we are committed to being a good corporate citizen and…
Continue Reading
OTTAWA – All the local dignitaries in the nation’s capital converged on Telus House Friday as it celebrated its grand opening.
215 Slater Street, says the company, is now one of the most energy-efficient and environmentally friendly buildings in Ottawa. Telus House is a Leadership in Energy and Environmental Design (LEED) "silver" designed facility.
Located at the corner of Bank and Slater Streets, the 160,000 square-foot, nine-floor facility was toasted by dignitaries including Rahim Jaffer, Member of Parliament for Edmonton-Strathcona and Chair of the federal Conservative Caucus, the Honourable Jim Watson, Ontario Minister of Health Promotion, Ottawa mayor Larry…
Continue Reading
TORONTO – Continuing an ongoing North American trend, legendary rock band Led Zeppelin and Telus today announced the band’s music will only be available on mobile in Canada to Telus subscribers.
In the U.S. for example, AC/DC is exclusive to Verizon.
Telus will be the exclusive wireless service provider for ring tones, wallpapers, and full-song over-the-air downloads.
"Led Zeppelin is the greatest rock band ever and their music transcends generations," said Steve Kane, president of Warner Music Canada. "We are excited to be working with a forward thinking partner like Telus to offer the group’s legendary catalogue of recordings…
Continue Reading
TORONTO – Expanding its HTC smartphone portfolio, Telus today became the first mobile company in North America to offer the new HTC Touch – a brand new touch-screen, simple to use smart phone.
The small and stylish handset uses an intuitive touch screen navigation and a three dimensional user interface that brings to mind the ease of use of the iPhone. A few swipes of the thumb can easily bring up contacts lists, audio, video and web browsing. A few more swipes can rotate and amplify photos and manipulate videos,
The announcement also expands Telus’ portfolio of devices powered…
Continue Reading
VANCOUVER – On Thursday, the CRTC deregulated 35 exchanges for local business phone services in Telus regions in Alberta, B.C. and Quebec, including all major metropolitan areas.
"We welcome today’s announcement by the CRTC of deregulation of local telecommunications services for businesses in these regions. It will allow Telus to bring the full benefits of competition to these customers, providing us with the flexibility to quickly bring creative offers to the marketplace while continuing our investment in technology and innovation for the benefit of businesses across the country. We look forward to similar decisions that will enable us to…
Continue Reading
CALGARY – Telus today signed an eight-year contract with the Western Canada Lottery Corporation (WCLC) to provide and implement an Alberta-wide secure Internet Protocol (IP) based network, the companies announced.
The network will support approximately 2,350 on-line lottery ticket terminals, connecting the machines in Alberta with the company’s central computer system in Winnipeg.
"Telus is proud to partner with Western Canada Lottery Corporation to support their on-line lottery ticket terminal network throughout Alberta," said Joe Natale, president, Telus Business Solutions. "The WCLC has recognized the value that our investment in IP technology, and the Telus team’s expertise, can bring…
Continue Reading
