Interested? Contact Us
Canada's Telus to divest stake in unit
A woman uses a mobile device while walking past a Telus store in Ottawa February 19, 2014.
Reuters/Chris Wattie
Telus Corp (T.TO) (TU.N), one of Canada's three big telecom providers, said it would sell a 35 percent stake in outsourcing service provider Telus International in a deal that values the unit at C$1.2 billion ($934.80 million).
The company said it would sell the business to Baring Private Equity Asia and use proceeds of about C$600 million to expand its wireless and wireline networks in Canada.
(Story refiles to add dropped letter in headline).
(Reporting by Anet Josline Pinto in Bengaluru; Editing by Shounak Dasgupta)
Stay Informed
When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.
