16.05.2013 23:00:00
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TELUS Corporation -- Moody's says TELUS' $380 million deal to acquire Mobilicity is credit-positive and ratings-neutral
Toronto, May 16, 2013 -- Moody's Investors Service (Moody's) said TELUS Corporations' (Baa1, Stable), pending $380 million transaction to acquire Mobilicity (unrated) is credit-positive and ratings-neutral since it augments wireless spectrum holdings at a reasonable cost while having little impact on credit metrics.