The ratings on Vancouver-based Telus Corp., Canada's second-largest, integrated telecommunications provider, reflect Standard&Poor's Ratings Services' view of the company's "strong" business risk profile, supported by its solid market position as one of three major players in the large and expanding nationwide wireless operations; still-solid position as the incumbent local telephone service provider in western Canada and eastern Quebec; broad product portfolio, including the ability to bundle voice, high-speed Internet (HSI), wireless, and video services within its incumbent markets; good brand recognition; and good diversity of revenue among residential and business customers. The business risk profile also reflects our assessment of Telus' management and governance as "strong," as per our criteria, reflecting positive scores for strategic positioning as well