Telus 2015 Annual Report Download - page 6

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6
CORPORATE STRUCTURE
Name, address and incorporation
TELUS was incorporated under the Company Act (British Columbia) (the B.C. 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 B.C. Company Act. On
February 4, 2013, in accordance with the terms of a court approved plan of arrangement
under the Business Corporations Act (British Columbia), TELUS exchanged all of its
issued and outstanding Non-Voting Shares into Common Shares on a one-for-one basis.
On April 16, 2013, TELUS subdivided its Common Shares on a two-for-one basis.
TELUS maintains its registered office at Floor 7, 510 West Georgia, Vancouver, British
Columbia (B.C.) and its executive office at Floor 23, 510 West Georgia, Vancouver, B.C.
Intercorporate relationships and TELUS subsidiaries
TELUS’ wireless and wireline businesses are primarily operated through TELUS
Communications Company (TCC). TCC is a partnership organized under the laws of
B.C. whose partners are TELUS Communications Inc. (TCI) and TELE-MOBILE
Company (TELE-MOBILE).
TCI, which holds direct and indirect interests in TCC and TELE-MOBILE, is the only
subsidiary which owned assets that constitute more than 10% of the consolidated assets
of TELUS and that generated sales and operating revenues that exceed 10% of the
consolidated sales and operating revenues of TELUS for the year ended December 31,
2015. In addition, all of the assets, sales and operating revenues of TELUS’ other
subsidiaries (other than TCI), together do not exceed 20% of TELUS’ total consolidated
assets and 20% of TELUS’ total consolidated sales and operating revenues as at
December 31, 2015.