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Telus: Shares
built 221 days ago
During the third quarter, TELUS continued to purchase shares under its Normal Course Issuer Bid (NCIB). Repurchases in the quarter totaled approximately 4.3 million shares for a total outlay of $232 million. For nine months this year, the total outlay has been $602 million. Since commencing in December 2004, TELUS has repurchased a total of 49.9 million shares for $2.37 billion under three NCIB programs, resulting in an 8.7 per cent reduction in shares outstanding.
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Statements that address activities, events or developments that TELUS expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements include but are not limited to those regarding: the purchase by TELUS of Common Shares; the acceptance of the Offer by holders of Common Shares; the receipt of required regulatory approvals in a timely manner; completion of the proposed transaction; strategic plans and expectations; business and financial prospects; expected efficiencies and economies of scale from the transaction; future financial or operating performance and cash flows, including improved growth and returns; and statements regarding strategies, objectives, goals and targets. There can be no assurance that any transaction between TELUS and Emergis will occur, or will occur on the timetable contemplated in this news release.
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TELUS commenced the program on December 20, 2004 with the intention to purchase, from time to time over a 12-month period, up to 14 million of its outstanding common shares and up to 11.5 million of its outstanding non-voting shares. This represents approximately seven per cent of the issued and outstanding shares in each share class. Since the program commenced, a total of 6.3 million shares (2,852,811 common and 3,487,500 non-voting) have been purchased, for a total outlay of $236.3 million.
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TELUS signed a contract with Ontario's Closing the Gap Healthcare Group to implement the TELUS Community Care Management Solution (CCMS). The CCMS will allow the group's mobile care-givers to access patient records and test results over a secure connection to a laptop or PDA, and to instantly share critical information with other healthcare providers over the same connection.
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During the quarter, TELUS continued to purchase shares under its Normal Course Issuer Bid. In the third quarter, a total of 5.1 million shares (2.54 million common and 2.55 million non-voting) were purchased, for a total outlay of $233 million.
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TELUS is discovering that its intranet is quickly becoming one of its most important communication tools. Tymos, points out that as part of their knowledge management strategy, company planners identified the intranet as a key tool for employees to share information and communicate.
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