Darren EntwistlePresident & Chief Executive Officer

Eros SpadottoExecutive Vice President, Technology Strategy

Robert McFarlaneExecutive Vice President and CFO

TELUS Investor conference call

October 10, 2008

Forward looking statementsThis presentation and answers to questions contains forward looking statements about TELUS.

Forward looking statements are not based on historical facts, but rather on current expectations, company assumptions and projections about future events. These statements include but are not limited to those regarding: completion of the network build and sharing arrangement with Bell; deployment of next generation services; expected technology evolution path and transition to 4G technology, expected benefits from the proposed initiative; expected benefits and performance of HSPA/LTE technology; expected availability of existing wireless portfolio, capital expenditure requirements and guidance; and statements regarding strategies, objectives, goals and targets. There can be no assurance that any of the foregoing will occur at all or on the timetable contemplated in the related news release.

Forward-looking statements may prove to be inaccurate and users are cautioned to not place undue reliance on them. Forward looking statements are subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied or projected by the forward looking statements, and are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Assumptions, risks and uncertainties include but are not limited to those assumptions and risk factors disclosed from time to time in TELUS' reports, public disclosure documents including Management's discussion and analysis, Annual Information Form, and in other filings with securities regulatory authorities in Canada (on SEDAR at www.sedar.com) and the United States (on EDGAR at www.sec.gov), as applicable. They also include the following risks and uncertainties: difficulties in completion of definitive agreements with suppliers; increased costs or difficulties related to completion of the network build or the network sharing arrangement; benefits, efficiencies and cost savings from the new technology or proposed initiative cannot be fully realized; transition of services or technology will be more difficult than expected; LTE does not emerge as the worldwide 4G technology standard; and other anticipated and unanticipated costs and expenses and other risk factors relating to TELUS or affecting Bell or the selected suppliers.

The forward-looking statements included in this news release represent TELUS’ views as of the date hereof and should not be relied upon as representing its views as of any other date. TELUS specifically disclaims any obligation to update any forward-looking statements contained in this news release or any other forward-looking statement, whether written or oral, that may be made from time to time by it or on its behalf.

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Technology evolution at TELUS

Track record of well executed technology evolutions Announcing today

National next generation wireless network build Launching by early 2010 Using High Speed Packet Access (HSPA) technology Smooth transition to 4G, long term evolution (LTE)

Initiative supports three of TELUS’ six strategic imperatives Focusing on data and wireless Building national capabilities Providing integrated solutions

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GSM/UMTS Ecosystem

CDMA 2000 Ecosystem * Theoretical. Standards in progress

Technology roadmap at TELUS

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Future proofing our technology roadmap

2007 2008 2009 2010 2011 2012 2013

LTE*50 Mbps+

HSPA7 – 30 Mbps

EVDORev A

3.2Mbps

Superior benefits for our clients

More choice To provide widest selection of networks & services Building on long-standing multi-network strategy HSPA to augment our CDMA and iDEN networks

More functionality International roaming Fast network speeds Additional handset/device choice

Builds on TELUS’ existing mobile broadband leadership CDMA continues to perform well in North American market Continuing to support CDMA & iDEN

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Committed to offering customers best devices and service

TELUS and Bell agreement

Building on track record of technology evolutions Enhancing Next Generation Reciprocity agreement

In place since 2001 with Bell Sharing capital expenditure TELUS benefits include:

Lowering costs and increasing speed of national build Offering widest national coverage by early 2010 Using existing wireless spectrum

Both companies continue to compete in marketplace

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Employing capital prudently, ensuring competitive choice

Supplier selection and capex outlook

Competitive RFP process to identify winning vendors Chosen from top equipment suppliers Secured reasonable pricing Ensuring best network performance and reliability

Selected Nokia Siemens Networks and Huawei Technologies Planning complete & network build has commenced HSPA network capital expenditures

Included in 2008, ~$1.9B consolidated capex target Expect 2009 wireless capex, including HSPA build-out, to be

temporarily higher than historical level

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Demonstrated ability to make new investments without impacting annual guidance

Summary of technology path benefits

Ongoing network operating cost savings Lower handset costs Increasing global roaming revenues Recurring return on upfront HSPA investment Maintaining future performance and competitiveness

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Array of benefits for TELUS, our customers and investors

questions?investor relations 1-800-667-4871telus.com ir@telus.com