The ratings reflect Telus Corp.'s solid business position as Canada's leading wireless operator through its Telus Mobility business segment and the leading provider of telecommunications services in Western Canada through its Telus Communications Inc. (Telus Communications) business segment. Strong stable cash flows from Telus Communications (75.7% of total company revenues for the quarter ended March 31, 2001), which comprises wireline, data, Internet Protocol (IP), and other services; experienced management and its success to date in achieving many of its business targets, including integration of the mobile network, distribution, and rebranding; and potential proceeds of more than C$1.0 billion from the planned divestiture of noncore assets in 2001 are all positive factors. These factors are tempered by an aggressive financial risk
