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Gold/Mining/Energy : T.TSE Telus Corp. -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (72)	2/15/2001 2:59:59 PM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 107

TELUS Reports Strong Fourth Quarter,Revenue increases 18% led by wireless and Internet growth newswire.ca BURNABY, BC, Feb. 14 /CNW/ - TELUS Corporation (TSE: T and T.A / NYSE: TU) reported strong revenue growth in the fourth quarter of 18% compared to the same quarter a year ago and positive operating results today. These financial statements are the first to consolidate the results of Clearnet Communications Inc. (Clearnet), from the date of its acquisition on October 20, 2000. "These results reflect the new growth profile of TELUS consistent with our strategy for national growth that exploits the convergence of data, IP, voice and mobility," declared Darren Entwistle, president and CEO. "We have had a successful quarter as we moved quickly to close the largest telecommunications acquisition in Canadian history within the accelerated time frame we committed. The strong fourth quarter wireless results reflect the progress made to integrate Clearnet into the new TELUS Mobility and to exploit our new national leadership position in the Canadian wireless market. Furthermore, at year-end we launched our new customer facing business unit structure with executives positioned across Canada." "We are pleased with a solid quarter that generated healthy growth on top line financial and operating measures," stated Robert McFarlane, executive vice president and CFO. "The fourth quarter bottom line results reflect the planned additional financing costs and negative EBITDA from the acquisition of Clearnet and our initiative to increase digital wireless subscribers in western Canada. It is also important to note that we met or exceeded the financial targets we publicly provided and updated during the year. Targets for 2000 included revenue growth (8-9%), EBITDA growth (4-6%), and capital expenditures ($1.5 billion)."