Telus closes sale of Telus International stake to Baring Asia
Telus Corp (TSX: T, NYSE: TU) has closed its sale of a 35 percent interest in Telus International, a provider of customer service, IT, and business process services, to Baring Private Equity Asia. The deal, announced last month, valued Telus International at $1.2 billion. Vancouver-based Telus said it received about $600 million in proceeds from the deal, which the company will now invest in the growth of its broadband wireline and wireless networks. Based in Hong Kong, Baring Asia manages committed capital of over US$10 billion.
1 June 2016•3 mins read
