Telus CFO says has no plans to acquire BCE

Tue Dec 16, 2008 1:32pm EST
 
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TORONTO, Dec 16 (Reuters) - Telus Corp (T.TO), Canada's No. 2 phone company, is not pursuing a merger with bigger rival BCE Inc (BCE.TO), Telus's chief financial officer said on Tuesday.

"We're just focused on executing our business plan," Robert McFarlane told Reuters in an interview. "We're not working on an acquisition of BCE." His comments come less than a week after a C$34.8 billion ($28.5 billion) buyout of BCE by a group of private-equity investors ended in collapse.

($1=$1.22 Canadian) (Reporting by Wojtek Dabrowski; editing by Rob Wilson)

 

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