Telus History
By: Kevin • Thesis • 417 Words • April 12, 2010 • 1,206 Views
Telus History
Telus History
TELUS as we know it today is the result of a number of mergers and acquisitions along more than 100 years of history. Everything started in 1885 when the first telephone call took place in Alberta; from there the city of Edmonton bought the Edmonton district telephone company in 1904. In 1906 Alberta started a provincial telephone service by acquiring the assets of the Bell Telephone Company in the province; in 1958 the AGTC is formed. In 1990 TELUS Corporation is established, following the reorganization of the Alberta Government Telephones Commission (AGTC), Telus became the parent company of AGTC. The sale of TELUS shares marked the largest initial public offering in Canadian history up to this time, raising $896 million, and in 1991 the Province of Alberta sold its remaining ownership interest in TELUS for $870 million. By the year 1995 TELUS acquired the ED TEL from the city of Edmonton, and finally the actual company was created in February 1999, when the Alberta-based TELUS Corporation and BC-based BC TELECOM joined in a merger of equals, towards creating a national telecommunications company.
Current Strategy
In order to understand the present strategy of the company we have divide it into two main components the corporate strategy and the business strategy.
Corporate Strategy:
Telus has divided its corporate strategy in three different segments:
1. Product Scope and Diversification: TELUS has two particular services with a broad coverage in the Canadian market, on the one hand it offers is the voice service through its residential/business landline service (local