Dec 05, 2012

By Michael Kramer

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The CRTC says it won’t be reviewing the level of foreign ownership in Telus Corporation.

The broadcast  regulator has denied a request by new wireless competitor Wind Mobile to review Telus’s foreign ownership and says  it’s satisfied the company’s non-Canadian ownership doesn’t exceed  33.3 per cent.

When  Globalive made the complaint last summer, Telus had reported that its foreign ownership was 32.6 per cent.

More recently, Telus said its foreign ownership had dropped to about 15 per cent, largely due to a U.S.-based hedge fund selling a chunk of its stake in the company.

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