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East meets west in Telus/ Clearnet deal

In what is being billed as the largest acquisition in Canadian telecommunications history, TELUS Corporation, Western Canada's largest telecom company, has agreed to offer to acquire all of the shares...


November 1, 2000  


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In what is being billed as the largest acquisition in Canadian telecommunications history, TELUS Corporation, Western Canada’s largest telecom company, has agreed to offer to acquire all of the shares of national digital wireless company Clearnet Communications Inc. of Scarborough, ON.

The transaction, valued at $6.6 billion, will combine TELUS’s and Clearnet’s wireless operations to produce the biggest wireless company in Canada.

“Wireless and IP applications are the two fastest-growing areas in telecommunications and their convergence will be the most significant event of the next decade for our industry. Our objective is to become the Canadian leader of this market,” said Darren Entwistle, TELUS president and CEO.

Clearnet brings to TELUS more than 2,600 team members. George Cope, the current president and CEO of Clearnet, will assume leadership of the combined wireless entity.


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