Key Developments: TELUS Corp (T.TO)
37.57CAD
21 May 2013
$0.18 (+0.48%)
$37.39
$37.32
$37.88
$37.15
2,009,225
1,312,802
$37.88
$29.02
Latest Key Developments (Source: Significant Developments)
TELUS Corp Agrees To Acquire Mobilicity
TELUS Corp announced that it has entered into an agreement with Mobilicity to acquire the company for $380 million. TELUS and Mobilicity have informed the government and regulators and both companies are fully committed to working cooperatively to secure timely approvals for the transaction. The entire purchase price will be used to satisfy Mobilicity's secured and unsecured debt. If this transaction is approved, TELUS will retain all 150 Mobilicity employees as it integrates the Mobilicity operation into TELUS over the coming months. Full Article
TELUS Corp Declares Quarterly Dividend
TELUS Corp announced that Board of Directors has declared a quarterly dividend increase of two cents to thirty-four cents $0.34 Canadian per share on the issued and outstanding common shares of the Company payable on July 2, 2013 to holders of record at the close of business on June 10, 2013. Full Article
TELUS Corp Announces Offering Of CAD1.7 Billion In New Debt Notes
TELUS Corp announced it is offering CAD1.7 billion of senior unsecured notes in two tenors, the first with an 11-year maturity, the second with a 30-year maturity. The notes are offered through a syndicate of agents led by CIBC World Markets, RBC Capital Markets, and Scotia Capital. Closing of the offering is expected to occur on or about April 1, 2013. The 3.35%11-year Notes, Series CK, were priced at $99.435 per $100 principal amount for an effective yield of 3.412 per cent per annum and will mature on April 1, 2024. The 4.40 per cent 30-year Notes, Series CL, were priced at $99.768 per $100 principal amount for an effective yield of 4.414% per annum and will mature on April 1, 2043. The net proceeds of the offering will be used to repay the Company's outstanding CAD300 million of 5.00% Series CB Notes due June 3, 2013 at maturity, to fund the proposed early redemption of the Company's outstanding CAD700 million of 4.95% Series CF Notes due May 15, 2014, to repay outstanding commercial paper (short term floating rate debt) and for general corporate purposes. TELUS has filed a prospectus supplement to its short form base shelf prospectus dated October 3, 2011 with securities regulatory authorities in Canada and the United States. Full Article
TELUS Corp Declares Cash Dividend
TELUS Corp announced that the Board of Directors has declared a quarterly dividend of CAD0.64 per share on the issued and outstanding Common shares and CAD0.64 per share on the issued and outstanding Non-Voting shares of the Company payable on April 01, 2013 to holders of record at the close of business on March 11, 2013. Full Article
TELUS Corp Reaffirms FY 2012 Guidance; Declares Dividend
TELUS Corp announced that annual guidance for fiscal 2012, which was last adjusted in August, has been reaffirmed. The Company also announced that the Board of Directors has declared a quarterly dividend increase of CAD0.64 per share on the issued and outstanding Common shares and CAD0.64 per share on the issued and outstanding Non-Voting shares of the Company payable on January 2, 2013 to holders of record at the close of business on December 11, 2012. Full Article
TELUS Corp Announces Resignation Of Chief Financial Officer
TELUS Corp announced that Bob McFarlane, Chief Financial Officer (CFO) of the Company, has decided to retire at the end of the year and devote more time to his family and community endeavours. Full Article
TELUS Corp Announces Supreme Court Of B.C. Decides In Its Favour Against Mason Capital
TELUS Corp announced that the Supreme Court of B.C. on October 15, 2012 rejected Mason Capital's attempt to challenge TELUS' share exchange proposal. The Court confirmed the validity of the order it had initially granted to TELUS enabling the Company's shareholders to vote on its proposal to exchange non-voting shares for common shares on a one-for-one basis. TELUS' proposal requires approval of two-thirds of the Company's non-voting share votes and a majority of common share votes. Full Article
TELUS Corp Announces Cash Dividend
TELUS Corp announced that the Board of Directors has declared a quarterly dividend of CAD0.61 on the issued and outstanding Common shares and CAD0.61 per share on the issued and outstanding Non-Voting shares of the Company payable on October 1, 2012 to holders of record at the close of business on September 10, 2012. Full Article
TELUS Corp Raises FY 2012 Guidance-Conference Call
TELUS Corp announced that for fiscal 2012 the consolidated annual targets have been adjusted upwards. The consolidated revenue guidance range has been increased by $50 million due to an increase in the wireline revenue range. The consolidated EBITDA range has increased by $50 million on the top end due to a $100 million increase in the wireless EBITDA range partly offset by a $50 million decrease at the top of the wireline range. The bottom end of the consolidated EBITDA range is up $100 million due to the increase in the wireless range and no change to the bottom end of the wireline range. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $10.838 billion and EBITDA of $3.938 billion for fiscal 2012. Full Article
Mason seeks to sell TELUS Corp's stake
Reuters reported that TELUS Corp's shareholder, Mason Capital Management LLC, is looking for a buyer for its 19% stake in the Canadian telecommunications provider. The U.S.based hedge fund has hired Blackstone Group LP to sell its $2 billion stake. Mason and Blackstone declined to comment. Mason bought the voting shares in a bid last month to block the Vancouver-based company's plan to unify its dual-share structure by converting non-voting stock into voting shares on a one-for-one basis. A Telus spokesman said that regardless of what Mason chooses to do with its Telus stake, the Company plans to try again "in due course" to put its conversion plan in place. Full Article
CANADA STOCKS-TSX ends higher; lifted by Telus, financials
TORONTO, May 16 - Canada's main stock index advanced on Thursday, boosted by stronger financial stocks and a move by Telus Corp to acquire a smaller wireless carrier. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 33.95 points, or 0.27 percent, at 12,507.60. Seven of the 10 main sectors on the index were higher.
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