TELUS Closes TELUS International Transaction With Baring Private Equity Asia

TELUS Closes TELUS International Transaction With Baring Private Equity Asia

VANCOUVER, BRITISH COLUMBIA and HONG KONG, HONG KONG — (Marketwired) — 06/01/16 — TELUS (TSX: T)(NYSE: TU) announced today the closing of the previously-announced transaction whereby Baring Private Equity Asia ("Baring Asia") is acquiring a 35 per cent stake in TELUS International, a global provider of customer service, IT, and business process services. The transaction values TELUS International at CAD1.2 billion. TELUS will invest proceeds of approximately CAD600 million from th

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