Thursday November 2, 9:00 am Eastern Time
Press Release
SOURCE: Technovision Systems Inc.; TELUS Corporation
TELUS wins $100 million national Internet services deal with Technovision Systems Inc.
TORONTO, Nov. 2 /CNW/ - TELUS will provide a national Internet dial-up network to Technovision Systems Inc. over the next five years in a $100 million contract. The deal includes the provisioning of ADSL, high-speed Internet ports in Western Canada as well. The contract value is the largest signed so far for the TELUS Integrated Communications team, TELUS Corporation's Eastern operations division. TELUS will also provide TVS its long-distance and toll-free services and a national frame relay network.
"This is an exciting day for TELUS, as this contract is the biggest we've had, but only a sign of things to come," said Cynthia Lewis, TELUS executive vice-president and president of TELUS Integrated Communications. "I'm thrilled that TELUS will be able to support and service a company that will become the sixth largest Internet service provider in Canada. I look forward to a long and successful partnership."
"As a rapidly growing Internet Service Provider, Technovision requires a reliable and responsive supplier for our telecommunications services," said Gordon Tremain President and CEO. "TELUS has the experience to know how to meet our needs and I look forward to expanding our business with them. It makes good business sense to establish an association with such a company where we can lock in costs on a long term basis."
ABOUT TELUS
TELUS Corporation is one of Canada's leading telecommunications companies providing a full range of communications products and services that connect Canadians to the world. The company reported $5.9 billion in revenues in 1999 and is the premier service provider in Western Canada. TELUS also provides voice, data, Internet, advertising and wireless services to Central and Eastern Canada. With the purchase of QuébecTel and national digital wireless company Clearnet Communications Inc., TELUS is rapidly strengthening its position as a leading national service provider. For more information about TELUS, visit www.telus.com.
ABOUT TECHNOVISION SYSTEMS INC.
Technovision is currently one of the largest independent full-service Internet communications companies in BC providing Internet connectivity, consultation and web services. Technovision recently purchased iTCANADA.com Inc. and if it acquires all 28 companies under option to iTC, it will become the sixth largest service provider in Canada with a subscriber base exceeding 220,000 customers and annual revenues of approximately $50 million. The company will have operations in all Provinces, except Newfoundland and the Maritimes, offering a full spectrum of wireless, DSL, cable, and dial-up access in addition to other Web-based applications. Technovision is a Canadian company listed on the Canadian Venture Exchange under the symbol TVS. For more information about Technovision visit www.tvs.net |
