CRTC Declines Request To Review TELUS Compliance With Canadian Ownership Rules

The CRTC has refused a request by Globalive Wireless Management Corp. (operating as Wind Mobile) to initiate a review of the ownership structure of TELUS Corporation (TELUS Corp.) and TELUS Communications Inc. (TCI) in order to determine whether they might be operating in contravention of Canadian ownership rules.

Wind Mobile had suggested that approximately 48% of the beneficial holders of the voting shares of TELUS Corporation were located outside of Canada, and submitted that this provided compelling evidence that TELUS Corp. had exceeded the maximum 33 1/3% non-Canadian voting interests permitted for a carrier holding company by the Canadian ownership requirements, which are set out in the regime created by the Telecommunications Actand the Canadian Telecommunications Common Carrier Ownership and Control Regulations (the Regulations).