LAS VEGAS, NEVADA — (Marketwired) — 06/01/16 — TELUS (TSX: T)(NYSE: TU) announced today the closing of the previously-announced transaction whereby Baring Private Equity Asia ("Baring Asia") is acquiring a 35 per cent stake in TELUS International, a global provider of customer service, IT, and business process services. The transaction values TELUS International at approximately US$1 billion."TELUS International is now poised, with the backing and support of TELUS and Baring
VANCOUVER, BRITISH COLUMBIA and HONG KONG, HONG KONG — (Marketwired) — 06/01/16 — TELUS (TSX: T)(NYSE: TU) announced today the closing of the previously-announced transaction whereby Baring Private Equity Asia ("Baring Asia") is acquiring a 35 per cent stake in TELUS International, a global provider of customer service, IT, and business process services. The transaction values TELUS International at CAD1.2 billion. TELUS will invest proceeds of approximately CAD600 million from th
Agreement leverages TELUS– world class customer service and employee engagement with Baring Private Equity Asia–s global relationships to expand TELUS International–s business process, IT and customer service operations Values TELUS International at CAD1.2 billion TELUS to invest transaction proceeds of approximately CAD600 million in the continued expansion of its broadband networks in Canada
