OTTAWA – Telus is the second big wireless provider to reach an agreement with the Competition Bureau to credit or refund its customers who were charged for premium text messages that they had been led to believe were free.
The Bureau said Wednesday that Telus will issue rebates of up to $7.34 million to select current and former wireless customers after it concluded that the Vancouver-based telco made, or permitted to be made, false or misleading representations in advertisements for premium text messages in pop-up ads, apps and on social media.
The rebates will apply to Telus, Telus Mobility and Koodo customers…
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VANCOUVER – Telus president and CEO Darren Entwistle has bought up a sizeable chunk of the company’s common shares in what can only be seen as a clear vote of confidence in its future.
Telus said Tuesday that Entwistle, in combination with a family trust, purchased a total of 263,000 Telus common shares on December 17, representing an investment of approximately $10 million. Entwistle purchased 79,000 shares at an average price of $37.76, and the family trust purchased 180,000 shares at an average purchase price of $37.86, continues the news release.
Following this purchase, Entwistle will now personally own 233,865 Telus shares…
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TORONTO – Telus will join the increasing number of data centre providers in Canada offering hybrid cloud services that connect applications in corporate-owned or hosted private clouds or infrastructure, to public clouds.
The Vancouver-based telecommunications company said last week the new hybrid cloud service – to launch early next year – will allow organizations to shift workloads including virtual machines, operating systems, data, and applications between their private clouds (usually applications that need high security) and public clouds (applications that are under development or are less mission-critical).
"It's going to provide the ability to move workloads between these environments…
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OSOYOOS, B.C. – Telus said Thursday that it has invested $5 million to build five new wireless sites along Highway 3, bringing wireless service to approximately 105 kilometers of highway and the communities of Kitchener, Yahk, Lumberton, Bridesville and Curzon.
The project is part of the 10-year Connecting British Columbia Agreement that Telus signed with the province of B.C. in 2011. Under the terms of the agreement, Telus will invest to connect more than 1,700 kilometres of unconnected highways with wireless service.
“We recognize the growing demand for wireless services while on the road, particularly in Okanagan areas that may be…
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VANCOUVER – Telus has successfully closed its previously announced dual-tranche offering totaling $1.0 billion in senior unsecured notes.
The company said Tuesday that the net proceeds will be used to repay approximately $956 million of outstanding commercial paper and to fund the repayment, on maturity, of a portion of the $600 million principal amount outstanding on its series CI Notes due May 2016. The balance will be used for general corporate purposes.
"Our oversubscribed $1.0 billion debt offering demonstrates the confidence our investors have in Telus to successfully execute against our long-term growth strategy focused on core investments in our wireless…
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VANCOUVER – Telus is investing in California-based cybersecurity firm Zenedge in an effort to enhance cloud-based cybersecurity services for its business customers.
Telus Ventures, the strategic venture investment arm of Telus, said Thursday that it is participating in a $4.0 million Series B investment round, which follows Zenedge's $3.5 million round last year, bringing total venture funds raised by the company to $7.5 million.
Zenedge specializes in web application firewall and DDoS (distributed denial-of-service) mitigation for web applications, networks, and domain name servers. This investment will allow the company to add new DDoS mitigation centers in Toronto and Amsterdam, expanding…
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TORONTO – Telus Optik TV customers may now enjoy a free preview of Spanish-language TV channel Univision Canada.
Available on channel 2661, Univision Canada offers daily news, telenovelas, talk shows, and soccer coverage. On November 19, viewers may enjoy the exclusive Canadian broadcast of the Latin Grammy Awards.
Univision Canada is owned and operated by Telelatino Network Inc.
www.tln.ca
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SHENZHEN, CHINA – Huawei and Telus are teaming up to establish a 5G "Living Lab" in Vancouver.
Announced Friday from Huawei's headquarters in Shenzhen, in conjunction with BC premier Christy Clark’s visit, the new project will test approaches to deliver a next-generation converged fibre-wireless network in downtown Vancouver.
To support this "Living Lab", Huawei pledged to make “a significant investment” to design, test and deploy new technologies leading towards the development of next-generation 5G based telecommunications networks. Telus’ recent commitment to invest $1 billion to expand its fibre optic network in Vancouver will ultimately provide the backbone to support highly…
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VANCOUVER – Telus is cutting some 1,500 jobs in an effort to curb costs, amidst increases in third quarter revenues and profits.
The company said Thursday that it is increasing “efficiency initiatives” by an additional $125 million next quarter, which will include eliminating approximately 1,500 full-time positions, many of which are voluntary departures and early retirements.
“These are very difficult decisions to make but a necessary element of aligning our organization with the growth, customer service and capital allocation activities we are implementing", president and CEO Darren Entwistle said in a statement.
For the third quarter ended September 30, 2015, Telus’ consolidated operating…
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VANCOUVER – Telus, through its Optik Local community programming, is awarding more than $3.2 million in funding to support some 60 new local content projects in Western Canada this year.
Optik Local supports compelling, original storytelling in British Columbia and Alberta by providing funding and training to filmmakers, as well as a platform to share their content with new audiences. Content is distributed for free on Telus Optik On Demand as well as online.
"Optik Local is unique in the Canadian content funding space. It's an innovative model that enables diverse voices to be heard and local stories to be told,"…
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