Telus to buy 5.3 million common shares

VANCOUVER – Telus announced Friday that it will purchase up to 5.33 million of its common shares through private agreements with three arm’s-length third-party sellers.The company said the common shares will be counted towards the 16 million common shares for a maximum purchase price of $500 million under its normal course issuer bid announced December 12, 2013.The transactions must take place prior to September 30, 2014, as ordered by the Ontario Securities Commission.www.telus.com