0001104659-17-064679.txt : 20171030 0001104659-17-064679.hdr.sgml : 20171030 20171030165213 ACCESSION NUMBER: 0001104659-17-064679 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20171030 FILED AS OF DATE: 20171030 DATE AS OF CHANGE: 20171030 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TELUS CORP CENTRAL INDEX KEY: 0000868675 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 980361292 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15144 FILM NUMBER: 171162981 BUSINESS ADDRESS: STREET 1: 510 W. GEORGIA STREET STREET 2: 7TH FLOOR CITY: VANCOUVER STATE: A1 ZIP: V6B 0M3 BUSINESS PHONE: 604-697-8044 MAIL ADDRESS: STREET 1: 510 W. GEORGIA STREET STREET 2: 7TH FLOOR CITY: VANCOUVER STATE: A1 ZIP: V6B 0M3 6-K 1 a17-24662_16k.htm 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 6-K

 

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934

 


 

For the month of October 2017
Commission File Number 001-15144

 

TELUS CORPORATION

(Translation of registrant’s name into English)

 


 

23rd Floor, 510 West Georgia Street
Vancouver, British Columbia V6B 0M3
Canada

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F o                           Form 40-F x

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1). o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7). o

 

 

 



 

Incorporation by Reference

 

This report on Form 6-K and the exhibits hereto are specifically incorporated by reference into the registration statement on Form F-10 (File No. 333-213497), the registration statement on Form F-3 (File No. 333-186874) and the registration statement on Form S-8 (File No. 333-181463), of TELUS Corporation.

 

2



 

Signatures

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

TELUS CORPORATION

 

 

 

 

 

By:

/s/ Monique Mercier

 

 

Name:

Monique Mercier

 

 

Title:

EVP, Corporate Affairs, and

 

 

 

Chief Legal and Governance Officer

 

 

 

 

Date: October 30, 2017

 

 

 

 

3



 

Exhibit Index

 

Exhibit Number

 

Description of Document

 

 

 

99.1

 

Press release dated October 30, 2017— TELUS International to acquire Xavient Information Systems

 

4


EX-99.1 2 a17-24662_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

 

PRESS RELEASE

US, CANADA and INDIA

 

TELUS International to acquire Xavient Information Systems

Acquisition will enhance TELUS International’s next-generation IT consulting and delivery capabilities

 

Las Vegas, Nevada; Simi Valley, California (October 30, 2017) — TELUS International, a leading global business process and information technology services provider, is pleased to announce plans to acquire Xavient Information Systems (Xavient), a global IT consulting and next-generation software services company with approximately 1,800 employees. Xavient is headquartered in Simi Valley, California in the United States and has operations throughout the U.S. and in India, serving customers primarily in the telecommunications, media, entertainment, healthcare, and banking and financial services sectors.

 

This acquisition of Xavient will accelerate TELUS International’s objective to expand its global service offerings with the addition of advanced, next-generation IT consulting and delivery capabilities, including User Interface/User Experience (UI/UX), Open Source Platform services, Cloud services, Over-The-Top (OTT) solutions, Internet of Things (IoT), Big Data services, DevOps, and automation and digitization in order to provide a more fulsome suite of services to existing and prospective clients. The acquisition will also advance TELUS International’s commitment to grow its capabilities in the U.S. and enhance its geographic diversity by expanding into India. These will be TELUS International’s first operations in India.

 

The transaction will be financed primarily from TELUS International credit facilities and TELUS International shares. Under the agreement TELUS International will initially acquire a 65% majority interest in Xavient with the right to acquire the remaining interest on or before December 31, 2020.  Based on various performance-related metrics, the total consideration, including the purchase of the remaining interest, is estimated to be approximately US$250 million. The acquisition is subject to customary closing conditions and regulatory approvals in the United States and India. Closing is expected to occur before year end 2017.

 

###

 

About TELUS International

 

TELUS International is a leading global business process and IT services company with almost 28,000 employees around the world, including in Canada, the United States, Europe, Central America, the Philippines and the United Kingdom. With over 200 million customer interactions supported annually via voice, email, chat and social media, across fast-growing tech, financial services and fintech, gaming, travel and hospitality, and healthcare industries, TELUS International enables customer experience

 



 

innovation through spirited teamwork, agile thinking, and a caring culture that puts customers first. The company serves clients in over 35 languages. TELUS holds a 65% interest in TELUS International with Baring Private Equity Asia holding the remaining 35%. Learn more at:  telusinternational.com

 

About TELUS

 

TELUS (TSX: T, NYSE: TU) is Canada’s fastest-growing national telecommunications company, with CAD$13 billion of annual revenue and 12.8 million subscriber connections, including 8.7 million wireless subscribers, 1.7 million high-speed Internet subscribers, 1.3 million residential network access lines and 1.1 million TELUS TV customers. TELUS provides a wide range of communications products and services, including wireless, data, Internet protocol (IP), voice, television, entertainment and video. TELUS is also Canada’s largest healthcare IT provider, and TELUS International delivers business process solutions around the globe.

 

In support of our philosophy to give where we live, TELUS, our team members and retirees have contributed over CAD$482 million to charitable and not-for-profit organizations and volunteered more than 7.7 million hours of service to local communities since 2000. Created in 2005 by President and CEO Darren Entwistle, TELUS’ 12 Canadian community boards and 5 International boards have led the Company’s support of grassroots charities and have contributed more than CAD$60 million in support of 5,595 local charitable projects, enriching the lives of more than 2 million children and youth, annually. TELUS was honoured to be named the most outstanding philanthropic corporation globally for 2010 by the Association of Fundraising Professionals, becoming the first Canadian company to receive this prestigious international recognition. For more information about TELUS, please visit telus.com.

 

About Baring Private Equity Asia

 

Baring Private Equity Asia is one of the largest and most established independent alternative asset management firms in Asia, with a total committed capital of over US$11 billion. The firm runs a pan-Asian investment program, sponsoring buyouts and providing growth capital to companies for expansion or acquisitions, as well as a private credit and a pan-Asian real estate private equity investment program. The firm has been investing in Asia since its formation in 1997 and has over 140 employees located across offices in Hong Kong, China, India, Japan and Singapore. Baring Asia currently has over 41 portfolio companies active across Asia with a total of 178,000 employees and sales of approximately US$35 billion in 2016. For more information, please visit bpeasia.com.

 

About Xavient Information Systems

 

Xavient Information Systems Inc. is a US-based provider of Digital IT Solutions and software services. Headquartered in California, the company has offices throughout the United States and an international network of delivery centers. Xavient leverages its global footprint to deploy the best talent, time to market and cost optimization benefits for its customers. Xavient’s core competencies are in digital transformation stacks and full lifecycle IT services across telecom, media, BFSI, healthcare and consumer technology verticals. Learn more at: xavient.com

 

Forward-looking statements:

 

This news release contains statements about expected future events, including, but not limited to, statements relating to the proposed purchase of Xavient Information Systems by TELUS International. By their nature, forward-looking statements require TELUS to make assumptions and predictions and are subject to inherent risks and uncertainties. There can be no assurance that the conditions to closing of the transaction will be satisfied, that the associated benefits of the transaction for TELUS shareholders and customers will be realized or that growth plans for TELUS International will be realized. There is significant risk that the forward-looking statements will not prove to be accurate. The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future events to differ materially

 



 

from those expressed in the forward-looking statements. Accordingly, this news release is subject to the disclaimer and qualified by the assumptions, qualifications and risk factors referred to in TELUS’ 2017 second quarter Management’s discussion and analysis and 2016 annual report, and in other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR at sedar.com) and in the United States (on EDGAR at sec.gov). Except as required by law, TELUS disclaims any intention or obligation to update or revise forward-looking statements.

 

For more information, please contact:

 

TELUS International Media Relations

Marie Bernadeau

(404) 460-8578

Marie.Bernadeau@edelman.com

 

TELUS Media Relations

François Gaboury

438-862-5136

francois.gaboury@telus.com

 

TELUS Investor Relations

Darrell Rae

604-695-4314

ir@telus.com

 

Xavient Media Relations

Melissa Montejano

818-388-1914

melissa@xavient.com

 


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