Telus Corporation
TSX : T
NYSE : TU

Telus Corporation

May 02, 2016 07:44 ET

TELUS Strikes Deal to Expand Customer Base in Manitoba

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - TELUS (TSX:T)(NYSE:TU) has reached an agreement in principle with BCE that will see approximately one-third of MTS' postpaid wireless customers become TELUS customers once the purchase of MTS by BCE announced today concludes. As part of the agreement, Bell will also assign one-third of MTS' dealer locations in Manitoba to TELUS.

Thanks to the skill and passion of our team members, TELUS has earned one of the world's best levels of customer loyalty. TELUS intends to bring the same outstanding customer service it offers across Canada to the benefit of clients in Manitoba.

The agreement is subject to approval from the Competition Bureau and other conditions. TELUS reports its first quarter results on Thursday, May 5 and is currently in a quiet period.

About TELUS

TELUS (TSX:T)(NYSE:TU) is Canada's fastest-growing national telecommunications company, with $12.5 billion of annual revenue and 12.5 million customer connections, including 8.5 million wireless subscribers, 1.5 million residential network access lines, 1.6 million high-speed Internet subscribers and 1.0 million TELUS TV customers. TELUS is also Canada's largest healthcare IT provider.

In support of our philosophy to give where we live, TELUS, our team members and retirees have contributed $440 million to charitable and not-for-profit organizations and volunteered and more than 6.8 million hours of service to local communities since 2000.

For more information about TELUS, please visit telus.com.

Forward-looking statement:

This news release contains statements about expected future events including but not limited to statements relating to the proposed purchase of MTS by BCE and the transfer of a certain portion of MTS' postpaid wireless subscribers and retail locations to TELUS (the "Transaction"). By their nature, forward-looking statements require the Company to make assumptions and predictions and are subject to inherent risks and uncertainties. There can be no assurance that the conditions to closing of the MTS-BCE transaction will be satisfied, including, without limitation, the relevant regulatory approvals or that the conditions to closing of the Transaction will be satisfied or that the associated benefits for TELUS shareholders and customers of the Transaction will be realized or that the Transaction will occur on the terms contemplated in this news release. There is significant risk that the forward-looking statements will not prove to be accurate. The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future events, including capital expenditures, to differ materially from those expressed in the forward-looking statements. Accordingly, this news release is subject to the disclaimer and qualified by the assumptions, qualifications and risk factors referred to in TELUS' 2015 annual report, and in other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR at sedar.com) and in the United States (on EDGAR at sec.gov). Except as required by law, TELUS disclaims any intention or obligation to update or revise forward-looking statements.

Contact Information