TELUS responds to announcement of rules for Advanced Wireless Spectrum auction
Ottawa, ON – TELUS today issued the following comments from Janet Yale, executive vice-president, TELUS Corporate Affairs in response to the Industry Canada announcement of the rules for the upcoming Advanced Wireless Spectrum (AWS) auction.
“TELUS is deeply disappointed with the Government’s decision on the rules for the upcoming AWS auction. It is inconsistent with this Government’s stated policy of relying on market forces to deliver benefits to Canadian consumers. It also rewards companies that have both the resources and the motivation to bid openly for new available spectrum. As a consequence, Canadian taxpayers will receive less than full market value for the new spectrum.
TELUS advocated a policy that would encourage maximum competition and reward those companies who invested in the future. We believe that would have been better for consumers, better for industry and better for Canada.”
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications company in Canada, with $9.0 billion of annual revenue and 11.0 million customer connections including 5.4 million wireless subscribers, 4.4 million wireline network access lines and 1.2 million Internet subscribers. TELUS provides a wide range of communications products and services including data, Internet protocol (IP), voice, entertainment and video. Committed to being Canada’s premier corporate citizen, we give where we live. Since 2000, TELUS and our team members have contributed more than $91 million to charitable and non-profit organizations and volunteered more than 1.7 million hours of service to local communities. Eight TELUS Community Boards across Canada lead our local philanthropic initiatives. For more information about TELUS, please visit telus.com.
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