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Home > Company Index > Telecommunications > Local Telecom & Private Transmission Services > TELUS Corporation

TELUS Corporation
NYSE: TU
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 NEWS FROM THE STANDARD
PSINet Files for Chapter 11
Jun 01 2001 09:44 AM PDT

 PROFILE
Canada's #2 telecom company (after BCE), TELUS is the incumbent local-exchange carrier in British Columbia and Alberta. The company provides long-distance and local phone service about 5 million access lines and Internet access to more than 500,000 subscribers. With the telecom's acquisition of Clearnet, TELUS Mobility serves more than 2.2 million mobile phone customers nationwide. TELUS is expanding as a facilities-based competitor to incumbent carriers in Central and Eastern Canada and will also augment its ISP business with the purchase of PSINet's Canadian operations. Formerly known as BCT.TELUS, TELUS was formed by the 1999 merger of BC TELECOM and TELUS. US-based Verizon owns about 22% of the company.

 COMPETITION
AT&T Canada Inc. (ATTC)
BCE Inc. (BCE)
GT Group Telecom Inc. (GTTLB)

 DEALS
Deal: Telus to Acquire PSINet Canadian Divisions
Date Announced: 06.01.01
Value of transaction (US $Mil): Not Disclosed
Description: Canadian telecom, Telus, signed a letter of intent to acquire PSINet's Canadian operations and facilities.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 4,289.70
1-Yr. Sales Growth: 5.7%
Employees: 26,770
Revenue per employee: $160,242.81

 KEY PEOPLE
• Darren Entwistle
    CEO
• Robert G. McFarlane
    CFO

 CONTACT INFO
3777 Kingsway, 21st Fl.
Burnaby British Columbia V5H 3Z7, Canada
Phone: 1-604-432-2151
Fax: 1-604-432-2984
Online: Web Site

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