Telus 2007 Annual Report Download - page 4

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4
TELUS
TELUS was incorporated under the Company Act (British Columbia) (the “BC Company
Act”) on October 26, 1998 under the name BCT.TELUS Communications Inc. (“BCT”).
On January 31, 1999, pursuant to a court-approved plan of arrangement under the
Canada Business Corporations Act among BCT, BC TELECOM Inc. (“BC TELECOM”)
and the former Alberta-based TELUS Corporation (“TC”), BCT acquired all of the shares
of BC TELECOM and TC in exchange for Common Shares and Non-Voting Shares of
BCT, and BC TELECOM was dissolved. On May 3, 2000, BCT changed its name to
TELUS Corporation and in February 2005, the Company transitioned under the
Business Corporations Act (British Columbia), successor to the BC Company Act.
TELUS maintains its registered office at Floor 21, 3777 Kingsway, Burnaby, British
Columbia (“B.C.”) and its executive office at Floor 8, 555 Robson, Vancouver, B.C.
Subsidiaries of TELUS
As of December 31, 2007, the only material subsidiary of TELUS was TELUS
Communications Inc. (“TCI”), being the only subsidiary which owned assets that
constitute more than 10 per cent of the consolidated assets of TELUS as at
December 31, 2007 and generated sales and operating revenues that exceed 10 per
cent of the consolidated sales and operating revenues of TELUS for the year ended
December 31, 2007.
TELUS’ wireline and wireless businesses were formerly located in TCI and TELE-
MOBILE Company (“TELE-MOBILE”), respectively. On November 24, 2005, TELUS
announced the merger of those segments into a single operating structure (the “wireline-
wireless merger”). This was partly effected by way of a legal entity restructure on March
1, 2006 (the “2006 legal entity restructure”), at which time TELUS combined its wireline
and wireless businesses into TELUS Communications Company (“TCC”).
TCC is a partnership organized under the laws of B.C. whose partners are TCI and
TELE-MOBILE. Immediately prior to the 2006 legal entity restructure, 3817873 Canada
Inc., a partner in TELE-MOBILE, was continued into Alberta as 1219723 Alberta ULC.
TELUS owns 100 per cent of the voting shares in TCI directly, and 100 per cent of the
partnership interests in TELE-MOBILE and TCC indirectly.