From:
gilbert mark[SMTP:gilbert31@hotmail.com]Sent: September 1, 2001 3:34 PM
To: procedure@crtc.gc.ca; regulatory.affairs@telus.com
Subject: Comments on Telus's proposal October 1, 2001
I wish to file written comments on Telus's proposal to have the flexibility
to raise rates for local service (including extended area service) by up to
$3 per month per year to a maximum monthly rate of $35 per month for
residential customers. As a person on a fixed income, this will a burden
over and above the inflation rate and affect millions of Telus's customers
who are in this income class. Since Telus is the only telephone service
offered in my area, I have no other alternative. I wish to point out that
this request from Telus is more inclined to its' financial state. In its'
news release of Q2 results, Telus reported an operating revenues of
$1,744,700,000 (up 20.1%), EBITDA of $616,900,000 (up 4.3%)and common share
income of $48,800,000 (down 70.3%). Why? Because Telus's financing costs
rose to $126,800,000 (up 154.6%). Telus's basic EPS was $0.17 per common
share (down 75.4%) and yet still declares a quarterly dividend of $0.35. I
suggest Telus cuts its' dividend since it is the Telus shareholders that
took the risk with Telus's growth by acquition strategy. Yours truly,
Gilbert Mark, Calgary, Alberta.
_________________________________________________________________
Get your FREE download of MSN Explorer at
http://explorer.msn.com/intl.asp