Telus 2005 Annual Report Download - page 48

Download and view the complete annual report

Please find page 48 of the 2005 Telus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 55

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55

47
July 18, 2007. TCI is required to maintain at least a BBB (low) credit rating by Dominion Bond
Rating Service (“DBRS”), or the purchaser may require the sale program to be wound down. The
necessary credit rating was exceeded by three levels at A (low) as of February 24, 2006. The
proceeds of securitized receivables were $500 million at December 31, 2005, as compared with
$150 million a year earlier. Section 7.6 - Accounts receivable sale of Management’s discussion
and analysis in TELUS’ 2005 Annual Report – Financial Review and Note 10 to the audited
Consolidated financial statements of TELUS for the year ended December 31, 2005 are hereby
incorporated by reference.
On November 30, 2004, Verizon and the Company entered into an agreement pursuant to which
the independent members of the Board of Directors of the Company agreed to accommodate
Verizon’s desire to divest all of its equity interest in the Company. See page 6 of this annual
information form for further details.
TRANSFER AGENTS AND REGISTRARS
The Company’s transfer agent and registrar is Computershare Trust Company of Canada.
Computershare maintains the Company’s registers at 600, 530 - 8th Avenue SW, Calgary,
Alberta T2P 3S8.
ADDITIONAL INFORMATION
Additional information relating to TELUS may be found on SEDAR at www.sedar.com and
EDGAR at www.sec.gov. Additional information regarding directors’ and officers’
remuneration, indebtedness and options to purchase securities, is contained in the TELUS
information circular dated March 15, 2006 for the annual general meeting to be held on May 3,
2006. Additional financial information, including supplementary quarterly financial data and the
audited Consolidated financial statements of TELUS for the year ended December 31, 2005, are
set out in the 2005 Annual Report – Financial Review. All of the above information can also be
found at telus.com.