Standard&Poor's today said Telus Corp.'s (BBB+/Stable/A-2) announcement that it has bought Metromedia Fiber Network Services Inc.'s share in a joint-venture company created to build a Toronto, Ont.-based fiber optic network will not affect the ratings or outlook on Telus. The acquisition remains in line with the company's strategy to enhance national capabilities in the integrated data and Internet services segment, and should help to accelerate the completion of major fiber rings in the Greater Toronto Area. Prior to the acquisition, Telus owned a majority interest in the joint venture. Telus currently has a significant market share of the Internet and data connectivity market in Western Canada. The company has been building its broadband national presence through acquisitions and
