Baring Private Equity Asia to buy 35 pct of Telus International: Reuters

Telus Corp, one of Canada's three big telecom providers, said it would sell a 35 percent stake in outsourcing service provider Telus International, and plans to use the proceeds to expand its wireless and wireline networks, Reuters reported. Vancouver-based Telus said it would sell the stake in Telus International to Baring Private Equity Asia for proceeds of about $600 million. The deal values the business unit at $1.2 billion.

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