Telus Responds to Spectrum Cap Announcement - Will Impact Mi

[Barry]

TELUS commented on Industry Canada's decision to eliminate the previously
existing 55MHz spectrum cap for Canadian wireless operators. (Visit the homepage to read comprehensive coverage regarding the entire statement from Industry Canada.) This decision removes one of the principal approvals required for TELUS to consummate its outstanding offers to purchase for cash the outstanding publicly-traded shares and warrants of Microcell Telecommunications Inc. (Fido)

TELUS participated in Industry Canada's Consultation on Spectrum for
Advanced Wireless Services and Review of the Mobile Spectrum Cap Policy that began in October 2003 and concluded in March 2004. In that proceeding, the Company advocated the elimination of the spectrum cap noting that it had served its purpose and was no longer necessary.

Robert McFarlane, Executive Vice President and Chief Financial Officer,
commented that "TELUS is fully supportive of Industry Canada's decision which essentially reflected the recommendations we submitted earlier in the year. We are pleased with the decision, in light of the fact that a waiver will no longer be required from Industry Canada to operate Microcell's GSM network. A decision of this nature was largely anticipated and was factored into our valuation analysis in regard to our bid for Microcell, as well as our decision to extend the bid at the same price."

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