TELUS PUSHES MARKET TRANSPARENCY

In a move that reflects a determination to keep the markets fully informed of developments, Canadian carrier TELUS announced that its wireless subscriber net additions in the first three months of 2009 were 48,000, off 46% from the net additions of 88,000 in the first three months of 2008. Churn per month rose 9 points from 1.53% to 1.62%, and ARPU fell 5.6% from C$ 61.88 to C$ 58.39. TELUS attributes these results to the weakening Canadian economy. Detailed results will be released in May. TELUS share price fell 10.46% on the day of the announcement.-Stuart Whitaker (http://tinyurl.com/cjkqox)