Telus 2007 Annual Report Download - page 3

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3
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This annual information form and management’s discussion and analysis incorporated
by reference hereto, contain statements about expected future events and financial and
operating results of TELUS Corporation (“TELUS” or the “Company”) that are forward-
looking. By their nature, forward-looking statements require the Company to make
assumptions and are subject to inherent risks and uncertainties. There is significant risk
that predictions and other forward-looking statements will not prove to be accurate.
Readers are cautioned not to place undue reliance on forward-looking statements as a
number of factors could cause actual future results, conditions, actions or events to differ
materially from the targets, expectations, estimates or intentions expressed in the
forward-looking statements. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law. In the case of annual guidance, it
is the current practice of the Company to evaluate and, where it deems appropriate,
provide updates. Subject to legal requirements, this practice may be changed at any
time at the Company's sole discretion.
Factors that could cause actual results to differ materially include but are not limited to:
competition (including more active price competition and the possibility of new wireless
competition after the 2008 spectrum auction); economic growth and fluctuations
(including pension performance, funding and expenses); capital expenditure levels
(including possible wireless spectrum asset purchases); financing and debt requirements
(including funding acquisition purposes, share repurchases and debt financings); tax
matters (including acceleration or deferral of required payments of significant amounts of
cash taxes); human resource developments; business integrations and internal
reorganizations (including post-acquisition integration of Emergis); technology (including
reliance on systems and information technology, evolving wireline broadband and
wireless next generation technology options and the possible need for prospective
wireless sharing arrangements to achieve cost efficiencies and reduce deployment
risks); regulatory approvals and developments (including the essential services
proceeding, spectrum auction, tower sharing and roaming rules, the new media
proceeding, and possible changes to foreign ownership restrictions); process risks
(including conversion of legacy systems and billing system integrations); health, safety
and environmental developments; litigation and legal matters; business continuity events
(including manmade and natural threats); any prospective acquisitions or divestitures;
and other risk factors discussed herein and listed from time to time in TELUS’ reports,
public disclosure documents or other filings with securities commissions in Canada (at
www.sedar.com) and filings in the United States (on EDGAR at www.sec.gov). See
“Management’s Discussion and Analysis – Section 10 Risks and risk management” in
TELUS’ 2007 Annual Report – Financial Review for further information.