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A Telus store in downtown Toronto on July 15, 2013.
A Telus store in downtown Toronto on July 15, 2013.
(Gloria Nieto/The Globe and Mail)

Verizon or no, Telus says share buyback program remains on track

Telus Corp. is assuring investors it will have no problems funding its dividend growth model and share buyback program even if U.S. telecom giant Verizon Communications Inc. is able to enter Canada under Ottawa’s current wireless policy.

Canada’s No. 3 carrier is not backing down on its fight to convince the federal government to close so-called loopholes in its wireless rules that incumbents claim would give Verizon “unfair” advantages in the Canadian market.