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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.”

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