August 15, 2001

TELUS Québec transaction completed

Vancouver, B.C. - TELUS Corporation has made the second and final C$107 million payment related to the previously announced purchase of the remaining 30% of TELUS Québec (formerly QuébecTel Group) from Verizon Communications Inc. The final installment of C$107 million was satisfied with the payment of C$53.4 million in cash and the issuance of 2.14 million Class A Non-voting Shares. This means that consideration paid by TELUS for the aggregate C$284.9 million purchase price was comprised of 56.3% shares and 43.7% cash. Under the terms of the purchase and sale agreement, TELUS had the option to pay up to a maximum of 75% of the aggregate consideration in the form of Class A Non-voting Shares.

TELUS Corporation (TSE: T, T.A; NYSE: TU) is one of Canada's leading telecommunications companies, providing a full range of telecommunications products and services that connect Canadians to the world. The company is the leading service provider in Western Canada and provides data, Internet Protocol, voice and wireless services to Central and Eastern Canada.

For more information, please contact:
Nick Culo
Media relations
(780) 493-7236
nick.culo@telus.com

Robert Mitchell
Investor relations
(416) 279-3219
robert.mitchell2@telus.com