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Telus Corp. has taken the first step toward an initial public offering of its international unit.
The Vancouver-based telecom announced on Friday that its subsidiary, Telus International, has filed a registration statement with the U.S. Securities and Exchange Commission for an IPO. The company plans to file documents with Canadian securities regulators on Jan. 11.
Telus International – which sells information technology, call-centre and other services to businesses – is planning to go public on the New York Stock Exchange and the Toronto Stock Exchange. The number of shares and the price range for the offering are still to be determined.