TORONTO, ONTARIO — (Marketwired) — 05/08/15 — TELUS is investing $101 million in new communications infrastructure across the Greater Toronto Area this year to enhance the reach, speed, and capacity of its wireless network; help deliver better healthcare services through technology; and continue to bring new Internet of Things solutions to its business customers.
This significant investment is part of TELUS– commitment to invest $2.1 billion in Ontario through 2018 to bring advanced telecommunications infrastructure across the province, enabling sustained innovation, providing access to world-class education programmes, extending critical healthcare technology to more communities, and fueling economic growth. By the end of 2018, TELUS will have invested more than $42 billion in Ontario since 2000.
“Our networks provide the communications backbone for business and healthcare services across Toronto, as well as the everyday wireless services we all depend on,” said Brent Johnston, TELUS senior vice-president of consumer marketing. “Our local team is dedicated to remaining a step ahead of the exploding demand for connectivity, while bringing our customers innovative healthcare and Internet of Things solutions that will improve our lives and support Ontario–s high-tech economy.”
In the Greater Toronto Area this year and beyond TELUS will:
Services
Health
Business
Community
“TELUS– dedication to the GTA extends well beyond our investments in operations and infrastructure,” continued Johnston. “Since 2000, TELUS and our team members, community board members and retirees who live and work throughout Ontario have been active with their hearts and hands, donating more than $70 million and working nearly 440,000 volunteer hours with charitable organizations.”
The capital investment disclosed in this release is consistent with TELUS– overall capital expenditure guidance for 2015, issued on February 12, 2015.
About TELUS
TELUS (TSX: T)(NYSE: TU) is Canada–s fastest-growing national telecommunications company, with $12.1 billion of annual revenue and 13.9 million customer connections, including 8.3 million wireless subscribers, 3.1 million wireline network access lines, 1.5 million high-speed Internet subscribers and 937,000 TELUS TV customers. TELUS provides a wide range of communications products and services, including wireless, data, Internet protocol (IP), voice, television, entertainment and video, and is Canada–s largest healthcare IT provider.
In support of our philosophy to give where we live, TELUS, our team members and retirees have contributed more than $396 million to charitable and not-for-profit organizations and volunteered and more than 6 million hours of service to local communities since 2000. Created in 2005 by Executive Chairman Darren Entwistle, TELUS– 11 community boards across Canada have led the company–s support of grassroots charities and will have contributed $47 million in support of 3,700 local charities organizations by the end of 2014, enriching the lives of more than two million Canadian children and youth. TELUS was honoured to be named the most outstanding philanthropic corporation globally for 2010 by the Association of Fundraising Professionals, becoming the first Canadian company to receive this prestigious international recognition.
For more information about TELUS, please visit telus.com.
Forward-looking statement:
This news release contains statements about expected future events including TELUS– projected multi-year capital and operating expenditures, which include spectrum licence purchases, that are forward-looking. The investments described for 2015 and 2016 are subject to the ongoing review and approval of TELUS– Board of Directors. By their nature, forward-looking statements require the Company to make assumptions and predictions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors (such as regulatory and government decisions, the competitive environment, economic conditions, our ability to purchase spectrum licences through auctions or third-parties, and our earnings, free cash flow and financial position) could cause actual capital and operating expenditures to differ materially from those expressed in the forward-looking statements. Accordingly, this news release is subject to the disclaimer and qualified by the assumptions (including the assumptions for our 2015 annual guidance, semi-annual dividend increases through 2016, ability to sustain and complete our multi-year share purchase program through 2016), qualifications and risk factors referred to in the 2014 Management–s discussion and analysis, which are specifically incorporated by reference herein, and in other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR at sedar.com) and in the United States (on EDGAR at sec.gov). Except as required by law, TELUS disclaims any intention or obligation to update or revise forward-looking statements.
Contacts:
Sacha Gudmundsson
TELUS Media Relations
(647) 472-8856
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