TELUS to Invest $2.6 Billion Across Alberta Through 2016 Commitment includes investment to expand high-tech broadband infrastructure, increase urban & rural Internet capacity and Optik TV connectivity, and bring the world's fastest wireless technology to more communities across Alberta CALGARY, ALBERTA -- (Marketwired) -- 05/12/14 -- TELUS (TSX: T)(NYSE: TU) will invest $2.6 billion in new infrastructure and facilities across Alberta through 2016, the company announced today. TELUS will spend $1 billion across the province in 2014, the final year of a three-year plan unveiled in 2012, and today committed to spend another $1.6 billion across 2015 and 2016 to build infrastructure, expand urban and rural Internet connectivity and capacity, and bring the world's fastest wireless technology to more Alberta communities. "TELUS is steadfast in our goal to continue bringing Albertans the most advanced communications infrastructure available in the world today We are proud to invest a further $2.6 billion in leading-edge broadband technologies through 2016 to ensure sustained innovation and economic success in communities throughout the entire province," said Darren Entwistle, TELUS Executive Chairman. "By the end of 2016, TELUS' investment in operations and infrastructure across Alberta since 2000 will exceed $39 billion," Mr. Entwistle added. "Additionally, as the subject of tax morality has become a hot topic in the governance of corporations around the world, it's important to note TELUS has remitted income, payroll, property and other taxes totaling more than $585 million to provincial and municipal governments in Alberta alone since 2000. As a good corporate citizen we are helping to support critical social services for Albertans in communities across the province." "TELUS' commitment to Alberta's communities extends well beyond providing customers with world-class technology, investing in new infrastructure and facilities and paying taxes," continued Mr. Entwistle. "Supporting local charities and not-for-profit organizations through funding from TELUS, our employees and Community Boards and volunteering in our communities, is as vital as investing in technology and infrastructure. Importantly, since 2000, TELUS and our more than 14,000 employees and retirees here in Alberta have donated more than $100 million and volunteered 1.53 million hours to community and charitable organizations." This year, TELUS' infrastructure and technology investments will advance services for the benefit of Albertans by: -- 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 experience. This also includes installing dozens of new wireless sites along transportation routes, enhancing the safety of travel across the province and the productivity of the resource sector; -- Connecting thousands of homes and businesses in various communities with higher-capacity Internet and Optik TV solutions; -- Answering comprehensively the technology requirements of the province's resource sector across the geographic breadth of their operating topologies in Northern Alberta; -- 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 more than 45 million patient interactions each year; and -- Continuing construction on the environmentally and technologically- advanced TELUS Sky office tower in downtown Calgary. Mr. Entwistle concluded, "TELUS continues to bridge the digital divide by offering Albertans greater access to telehealth, virtual classrooms and small business solutions in even the most remote corners of the province. Not only has our investment in Alberta fuelled the unparalleled success of our Optik TV, high-speed Internet and business services, it has powered the ongoing advancement of our world-leading LTE wireless network that now extends to more than 90 per cent of Albertans." The capital investment disclosed in this release is consistent with TELUS' overall capital expenditure guidance for 2014, issued on February 13, 2014. About TELUS TELUS (TSX: T)(NYSE: TU) is Canada's fastest-growing national telecommunications company, with $11.5 billion of annual revenue and 13.3 million customer connections, including 7.8 million wireless subscribers, 3.2 million wireline network access lines, 1.4 million Internet subscribers and 842,000 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 $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 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 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. Contacts: TELUS Media Relations Chris Gerritsen (403) 808-9591 firstname.lastname@example.org TELUS Investor Relations Darrell Rae (604) 697-8192 email@example.com www.telus.com
TELUS to Invest $2.6 Billion Across Alberta Through 2016
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