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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NIAGARA FALLS, Ont. and CRANBROOK B.C. – Telus announced Wednesday that it has moved its networks down a couple of Canadian highways.
The first is the Queen Elizabeth Way as the company said it has launched its LTE network in the Niagara region. 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.
LTE has emerged as the new standard for wireless technology and Telus’ 4G LTE network supports manufacturers’ rated peak download speeds of up to 75 megabits per second (Mbps), with an expected average…
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VANCOUVER – The financial future looks friendly for Telus Corporation whose CEO has decided for the fourth consecutive year to take his salary in Telus shares. The move should come as no surprise given that Telus’ third quarter revenue increased 6% to $2.8 billion, while profit rose 7.7% from a year ago to $351 million. Earnings per share jumped 8% to $1.08 and free cash flow in Q3 increased 23% from a year ago to $426 million primarily due to higher EBITDA.
Smartphone subscribers now make-up 63% of the total postpaid subscriber base of 6.4 million…
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TORONTO – Telus’ newest suite of plans features unlimited local talk and text and the ability to share your data with others on your account. Launching on November 8, the plans include Unlimited Local Calling as well as Caller ID and Voice Mail 3.
"At Telus we are continuously looking for ways to make the customer experience better and ensure we are providing our new and existing customers with clear and simple plans that are transparent and easy to understand," said Brent Johnston, vice-president, Mobility Solutions, Telus. "Our new rate plans deliver the value that customers want…
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TORONTO – Telus has expanded its 4G Long Term Evolution (LTE) to customers in Newmarket and Aurora. Additional communities will be getting access to LTE in the coming months, as the carrier continues to bring the technology to more Ontarians by the end of 2012.
Today's announcement is part of the company's $280 million investment in the Greater Toronto Area over the next three years to further expand and enhance its wireless networks.
"Telus is committed to offering the best customer experience and launching our 4G LTE service in Newmarket and Aurora is an excellent…
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100 MILE HOUSE, B.C. – Travellers on highways near 100 Mile House will be able to use their cell phones thanks to a partnership with the province and Telus which has invested $1.8 million to provide new wireless coverage to stretches of highways in the area.
The three new wireless sites cover the Lone Butte to Bridge Lake segment of Highway 24 and the Lac la Hache to 141 Mile House stretch of Highway 97.
The sites are now live, providing service to more than 50 kilometres of highway as well as homes and businesses…
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