Telus won't bid for BCE; takes earnings hit in Q2

VANCOUVER – Telus Corporation president and CEO Darren Entwistle has put to rest rumours the company is still considering throwing its hat in the ring to buy BCE. “After a thorough assessment of the opportunity and based on multiple factors, we are confirming today that Telus does not intend to submit a competing offer to acquire BCE. We believe that TELUS on a stand-alone basis with its strong growth oriented asset mix and investment grade financial strength will continue to create significant future value for investors,” Entwistle said in a news release announcing company losses in the most recent quarter....