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TELUS Corporation - Company Report
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Company Reports are concise reports that provide a review of the company's activities, corporate strategy and recent developments.
TELUS is the largest telecommunications company in western Canada and the second-largest telecommunications company in Canada. It provides a range of wireline and wireless telecommunications products and services including data, Internet protocol (IP), voice, video and entertainment services. TELUS operates as an incumbent local exchange carrier (ILEC) in Alberta, B.C. and eastern Quebec, where it provides local, long distance, data, Internet and information services in its incumbent or ILEC territories, and is a competitive local exchange carrier (CLEC) offering services primarily in central Canada through its non-incumbent or non-ILEC operations. TELUS' ILEC operations serve a population of approximately 7.6 million in its incumbent western Canada service territory, and a population of more than 500,000 in its incumbent eastern Quebec territory. TELUS is also licensed to operate a national digital PCS network and analogue/digital cellular facilities in Alberta, B.C. and eastern Quebec. In addition, the company operates Canada's only national enhanced specialised mobile radio (ESMR) network. As of December 31, 2006, the company had 10.7 million customer connections including 5.1 million wireless subscribers, 4.5 million wireline network access lines, and 1.1 million Internet subscribers. TELUS was incorporated on October 26, 1998 under the name BCT.TELUS Communications Inc (BCT). On January 31, 1999, BCT acquired all the shares of BC TELECOM and the former Alberta-based TELUS Corporation in exchange for common shares and non-voting shares of BCT, and BC TELECOM was dissolved. On May 3, 2000, BCT changed its name to TELUS Corporation. TELUS shares are listed on the Toronto Stock Exchange and the New York Stock Exchange.
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