Looks like Telus may have cashed in their shares (LOL) & added a bunch more cash, for this little item.... Unfortunately they didn't use this cash to buy their "own" spectrum. They could have had it for a song...Nice to see they are working together nice/nice with their "rivals"
This sure seems fishy to me, although, not totally unexpexted!!
Telus to spend $300 million in Ontario
TORONTO (Reuters) - Telus Corp , Canada's No. 2 telephone company, outlined more of its capital spending plans on Tuesday, announcing it will invest more than $300 million in the province of Ontario.
As with recent similar announcements regarding spending in the Western Canadian provinces of Alberta and British Columbia, Telus said the money will mostly be spent on building wireless and wireline infrastructure.
Telus is currently working with BCE Inc -- one of its main rivals and the country's biggest telecom company -- on a next-generation wireless network upgrade.
This network should be ready by early 2010 and could help the two companies compete against wireless market leader Rogers Communications Inc .
Telus shares were up 3 Canadian cents to $29.73 on the Toronto Stock Exchange.
(Reporting by Wojtek Dabrowski; editing by Rob Wilson)
