TELUS Investing More Than $1.3 Billion Across Quebec Through 2016
Commitment includes spending to build infrastructure, increase urban
& rural Internet speeds and capacity, and bring the world's fastest
wireless technology to more communities
MONTREAL, QUEBEC -- (Marketwired) -- 05/06/14 -- TELUS (TSX:
T)(NYSE: TU) will invest more than $1.3 billion in new infrastructure
and facilities across Quebec through 2016, the company unveiled
today. TELUS will invest $640 million across the province in 2014,
the final year of a three-year plan unveiled in 2012, and today
committed to spend another $$700 million in 2015 and 2016 to build
infrastructure to bring Quebecers the best experience and technology
at home, at work and on the move.
By the end of 2016, TELUS' investment in operations and
infrastructure in Quebec since 2000 will exceed $20 billion.
Importantly, since 2000, TELUS has also remitted income, payroll,
property, sales and other taxes totalling more than $1.7 billion,
helping support services for citizens in communities across the
"Our networks allow Quebecers and businesses to connect no matter
where they are, from Gatineau to Gaspesie to Havre-Saint-Pierre,"
said Francois Gratton, president of TELUS Quebec and Atlantic Canada.
"Our technology investments mean better health care for patients,
improved connection speeds for businesses and the best access to
entertainment at home and on the road. Through our investments, TELUS
will bring fibre optics to thousands of households in remote areas of
Quebec, making the province one of the most connected places in the
world. Our 6,000 team members in Quebec bring our advanced networks
to rural areas and big cities alike, and contribute to the economic
development of every part of the province. This is why our customers
have recognized us as the most recommended telecommunications
provider in Quebec."
As significant as TELUS' investments in its networks and
infrastructure are, its community engagement is also crucial. Since
2000, TELUS, its 6,000 team members, 1,500 retirees and community
boards in Quebec have done 390,000 hours of volunteer work and
donated $44 million to Quebec organizations.
This year, TELUS' infrastructure investment will advance services for
the benefit of Quebecers by:
-- Connecting thousands of households to fibre optics in Cap-Sante,
Donnacona, Neuville, Pont-Rouge, Rimouski, Saint-Apollinaire, Saint-
Augustin-de-Desmaures, Saint-Georges and Sept-Iles. Fibre optics offer
residential customers dramatically increased Internet speeds and
-- Expanding the 4G LTE network, the world's fastest wireless technology,
to over 80 per cent of the Quebec population by the end of 2014, in
particular in the Montreal, Quebec City, Gaspesie, Lower St. Lawrence,
North Shore and Mauricie regions.
-- Meeting the increasing demand for wireless data by rapidly deploying
700MHz spectrum for use in rural and urban areas, enhancing the already
world-leading speed, coverage and reliability TELUS customers'
-- Continuing the deployment of Optik TV in the Lower St. Lawrence,
Gaspesie and Quebec City regions to bring the most recommended TV
service in Quebec to more consumers in some 10 communities.
-- Connecting more businesses to fibre optics, particularly in the area's
industrial parks and business districts. These dedicated high-speed
networks and the TELUS Intelligent Internet Data Centre in Rimouski are
driving flexible cloud-computing technologies managed and hosted by
-- Continuing to protect TELUS customers against digital security threats,
notably through the recent acquisition of Enode, which delivers advanced
information security and risk management technologies.
-- Expanding the reach of TELUS' healthcare solutions, which currently
provide electronic medical records to more than 12,500 Canadian
physicians across the country and support 45 million interactions with
patients every year.
The capital investment disclosed in this release is consistent with
TELUS' overall capital expenditure guidance for 2014, issued on
February 13, 2014.
TELUS (TSX: T)(NYSE: TU) is Canada's fastest-growing national
telecommunications company, with $11.4 billion of annual revenue and
13.3 million customer connections, including 7.8 million wireless
subscribers, 3.3 million wireline network access lines, 1.4 million
Internet subscribers and 815,000 TELUS TV customers. Led since 2000
by President and CEO, Darren Entwistle, TELUS provides a wide range
of communications products and services, including wireless, data,
Internet protocol (IP), voice, television, entertainment and video.
In support of our philosophy to give where we live, TELUS, our team
members and retirees have contributed more than $350 million to
charitable and not-for-profit organizations and volunteered 5.4
million hours of service to local communities since 2000. 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
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 2014 annual guidance, semi-annual
dividend increases through 2016, ability to sustain and complete our
multi-year share purchase programs through 2016), qualifications and
risk factors referred to in the 2013 annual report, 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.
TELUS Media Relations
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