VANCOUVER – After apparently selling off its shares in Telus last month, Mason Capital is now “re-establishing a significant long position in common shares and shifting their short position primarily to common shares,” reports Telus.
The carrier cautions that due to the sudden increase in foreign ownership levels, Telus' transfer agent (Computershare) may not be able to approve new applications by non-Canadians to purchase Telus common shares, if that purchase would risk causing the company to exceed the federally mandated 33.3% foreign ownership level.
Telus says the re-established long common share position at November month-end…
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GATINEAU – The CRTC has denied a request by Globalive (Wind Mobile) to review Telus’ foreign ownership.
“The commission is satisfied that Telus’ mechanisms for ensuring its compliance are consistent with the provisions and requirements established,” and that it “does not consider there to be sufficient evidence of non-compliance on the record of this proceeding to warrant a review,” the CRTC wrote in its decision.
Globalive requested the review claiming the carrier was in breach of regulations that prevent non-Canadians from owning more than 33.3% of the common shares of incumbent telcos like Telus….
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RIMOUSKI, QC – Telus has opened its new $65 million Intelligent Internet Data Centre in Rimouski, and will invest an additional $13 million in added IT infrastructure to bring world-class cloud-based solutions to Quebec and Canadian businesses.
The new Telus Tier III design-certified centre is the first Telus Internet data centre built to LEED (Leadership in Energy and Environmental Design) Gold standards. Its 1.15 Power Usage Effectiveness (PUE) rating places Telus at the forefront of the industry with an energy-efficiency that is more than 80% superior to that of traditional data centres. Constructed with a unique…
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BRANTFORD, ON – Telus’ customers in Brantford now have access to 4G speeds with additional communities to be upgraded to Long Term Evolution (LTE) in the coming months. Today's announcement is part of the company's $650 million investment in Ontario over the next three years to further expand and enhance its wireless networks.
"With a 4G LTE device like Samsung Galaxy S III or Note II, our customers will have the fastest wireless Internet at their fingertips, as fast as your home Internet connection but on your smartphone, tablet or Internet key. We are continuing…
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REVELSTOKE, B.C. – Telus is investing $2.2 million to bring new wireless coverage to more than 35 kilometres of difficult terrain along Highway 1 between Malakwa and Revelstoke, as part of a strategic partnership with the province.
The first of two sites bringing coverage to the area, located about 30 kilometres west of Revelstoke, is now live. Telus expects that the second site, north of Mt. Griffin Ecological Reserve, will go live within the next month. Together, the sites will bring more than 35 kilometres of wireless service to residents, businesses and travellers along Highway 1…
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VANCOUVER – Telus says Mason Capital has dramatically reduced its shares in the company with its level of foreign ownership dropping from 33% to 15% (as of Nov. 16). As a result Telus says requests by non-Canadians for a reservation to purchase common shares are now being considered and approved, if they don’t risk causing Telus to exceed the foreign ownership threshold. It also noted a significant reduction in the short positions being held of its common and non-voting shares.
Mason, a New York hedge fund that owned almost 20% stock in the carrier, battled for…
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TORONTO – With 294 billion emails being sent per day (an untold number being spam, phishing attempts, or loaded with malicious software), it’s not surprising that cyber security is at the top of the list of priorities for most companies.
In order to help its business clients understand the nature of the threats – so that they can protect their most sensitive data and employees from those who would do them harm, all the while keeping systems accessible enough to take advantage of the opportunities borne by having open access to the Internet – Telus hosted a cyber security event…
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VANCOUVER – Telus’ 4G LTE network is now live in Armstrong, B.C., Fort McMurray, Alberta and Oshawa/ Whitby, Ontario. Its 4G LTE network now reaches more than 65% of the Canadian population. Telus invested $80,000 to bring 4G to Armstrong and the network in Fort McMurray is part of its $18 million investment in the region, while the Oshawa and Whitby expansion is part of its $280 million investment in the GTA over the next three years.
Upcoming Telus 4G sites launching across Ontario are in Sudbury, Brantford, Collingwood and St. Catharines; in Alberta at Fort McKay…
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MONTREAL – In a bid to further strengthen its presence in Québec, Telus says it’s expanding the roles for three of its Montreal-based executives. François Côté, Executive Vice President, will now oversee executive oversight of Telus Ventures, François Gratton has been appointed President of Telus Québec and Atlantic Canada, and Paul Lepage has been appointed the President of Telus Health and Payment Solutions. Telus says the three are being recognized for their contributions to Telus' overall success and the increasing importance and level of contribution its Québec team has on the organization's national strategy.
"Elevating the…
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MONTREAL – Telus has become the first organization to be named Philanthropic Company of the Year by the Association of Fundraising Professionals-Quebec Chapter (AFP-QC).
François Gratton, president of Telus Quebec, Telus Atlantic and vice-chair of the Telus Montreal Community Board, will accept the honour on Telus' behalf. The award will be presented on National Philanthropy Day today, when AFP-QC pays tribute to individuals and companies whose community engagement has a significant impact on Quebec society. Telus was nominated by The Lighthouse Children and Families.
"Telus plays an invaluable role in the development of a culture of philanthropy in Quebec. The company…
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