Telus foreign ownership levels back to 15%

VANCOUVER - Telus' seesawing foreign ownership levels have once again come down to the 15% level the carrier announced for mid-November. Based on large reservation applications by non-Canadian investors, most likely from New York hedge fund Mason Capital, Telus' potential foreign ownership level briefly spiked to more than 30% at the end of November. These reservation applications have now expired unfilled and therefore all requests by non-Canadians to purchase common shares are being considered and approved, if they do not risk causing the company to exceed the foreign ownership regulatory cap of 33 1/3% says Telus. Telus believes Mason Capital...