President

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George Cope
President CEO, TELUS Mobility Member of the
TELUS Team
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Agenda

• The New TELUS Mobility
• The Wireless Industry
• Targets
• Integration Update
• Wireless Web
• Q A

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The New TELUS Mobility
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The New TELUS Mobility

• Subscribers gt 2.2 million
• Revenue (2000) gt 1.7 billion1
• CDMA footprint largest in Canada
• iDEN network only one in Canada
• Spectrum maintained leadership
• Licensed POPs 30.8 million
• Covered POPs 23.7 million
• Strategic partnerships Verizon Nextel

1 Pro forma
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How Do We Stack Up?
Largest Wireless Revenue Base
2000 ( billions)
Microcell
Bell
0.4
Rogers ATT
1.5
1.5
1.71
New TELUS Mobility
1 Pro forma
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How Do We Stack Up?
Highest Revenue Growth 2000 (
millions)
Microcell 18
Bell 21
157
179
Rogers ATT 21
180
3471
New TELUS Mobility 40
1 Pro forma
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How Do We Stack Up?
Highest ARPU
591
46
45
44
New TELUS
Bell
Rogers
Microcell
Mobility
ATT
1 Pro forma
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The Wireless Industry

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Canadian Wireless ResultsAnother Record Year
1999 2000
Population (000s) 30,573 30,838 Net Subscriber
Adds (000s) 1,570 1,856 CDN
Wireless Market (000s) 6,887 8,743 Penetration 22
.5 28.4 Penetration Gain 5.9
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Canadian Wireless Results
2000 Net Additions Industrys First 10 Years
8.74
Total Subscribers (millions)
6.89
Net Additions (million)
5.32
4.21
3.41
2.58
1.87
1.32
1.02
0.77
0.53
0.32
0.19
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Penetration Growth in Canada
Annual Net Additions as of total POPs
5.9
5.0
3.6
2.5
1998
1999
2000
1997
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Canadian Wireless Penetration
2000
2005
2001
28
57 - 70
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Source Industry analysts
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2001 Targets
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2001 TELUS Mobility Targets

• Maintain industry-leading revenue growth
• to total approx. 1.9 billion
• Focus on profitable subscriber growth rather
  than industry-leading net additions

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2001 TELUS Mobility Targets

• Maintain industry-leading revenue growth
• to total approx. 1.9 billion
• 500,000 net subscriber additions
• Manage churn at lt 2.0
• EBITDA approx. 330 million
• Invest 650-700 million to expand and digitize
  network1
• Successfully integrate national operations
• New wireless data products and services
• 1 Not including 356 million for wireless spectrum

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Integration Update
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iDEN Technology Update
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Integration Update

• Rebranding
• Products Services
• Distribution
• Rationalizing the Network
• Roaming
• Billing
• Management Team

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Integration UpdateRebranding

• National name is TELUS Mobility/Mobilité
• New branding combines best of both worlds
• strength/heritage of the TELUS name
• fresh look of former Clearnet
• Aligns with overall TELUS corporate brand
• future friendly tag used by all of TELUS
• promotes TELUS as household name in Central
  Canada
• First ads launched this January
• Best wireless Web branding image

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Integration UpdateRebranding
Vision Innovation Forward thinking Leadership Tech
nology
Future Friendly
Clear simple Customized Collaborative Thought-th
rough solutions Youthful Confident
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Integration UpdateProducts Services

• Products
• From Q2 new phones will operate on both networks
• First phone sold in all channels to be multimedia
• Services
• Consistent national prepaid offering by mid April
• National postpaid service plan alignment by May
• voice and data services and rates
• contracts - multiyear and month-to-month options

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Integration UpdateDistribution

• Strong national presence
• Channel and product alignment well under way
• Clearnet stores rebranded across the country
• Will offer full range of integrated TELUS
  Mobility products and services
• Existing TELUS Mobility stores now offering Mike
  and Pay Talk

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Integration UpdateRationalizing the Network

• One Western network infrastructure to be
  redeployed
• National resale clients to be on-net in Q2
• Alberta and BC Clearnet client migration
  beginning in Q2
• Significant expansion for digital PCS and Mike
• 650-700 million in capital expenditures in 2001

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Integration UpdateRoaming

• Rationalization of roaming agreements in Canada
  and U.S. underway
• New phones sold in Q2 to roam on-net
• Clients to automatically use our preferred U.S.
  roaming partners
• Verizon for PCS
• Nextel for iDEN network

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Integration UpdateBilling

• Going to a common billing system nationally
• PCS in 2001
• Mike in 2002
• National corporate clients
• moved from Mobility Canada CNBS system onto TELUS
  Mobility AMDOCS system

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Integration Summary
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Rebranding
?
Products Services
?
Distribution
Rationalizing the network
?
?
Roaming
?
Billing
Management Team
?
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Wireless Web
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Wireless Web Strategy

• Leverage spectrum position
• Push dot com ready phones into market
• Drive adoption and usage
• Provide unlimited access for clients
• Target youth market with wireless Web prepaid
• Once adoption increases and flexible phone
  availability increases, move to higher speeds
• Higher speeds enhanced products and services
• Virtually no payment for content

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Wireless Web Update

• Over 60 content partners offering
• two-way email
• directories
• news information
• gaming
• transaction related services

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Wireless Web Content Partners
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Wireless Web Update

• TELUSmail used 4,833,022 times in one month

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Wireless Web Update

• 577,891 jokes looked up so far this year

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Wireless Web Update

• Average of 7.8 million hits per week on wireless
  Web

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Mike Dot Com Ready Phones
Mike i700plus
Mike i1000plus
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Dot Com Ready PCS Phones
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TELUS MobilityA Growth Story

• Industry structure maintained
• Value creation by focusing on revenue growth
• Proven management team
• Full wireless product offering
• Focused Web strategy
• Capital efficient 3G PCS roadmap
• 25 of population not covered
• Canadian penetration rate accelerating

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Any Questions?