Hedge Fund News From HedgeCo.Net

Telus counters ‘misleading allegations’ from Globalive, dissident shareholder

FP – Telus Corp. has rebuffed claims it’s offside with Canada’s foreign-ownership laws, filing documents with regulators on Monday denying what the wireless carrier calls “misleading allegations” made by competitor Wind Mobile and a dissident shareholder.

As of June 29, 32.59% of the company’s voting shares were held by foreigners, Telus said, a percentage that narrowly keeps the telecom giant within bounds of sector laws that forbid a major phone or wireless firm from being more than 33.3% owned by “non-Canadians.”

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply