MONTREAL, QUEBEC — (Marketwired) — 04/16/15 — TELUS intends to invest more than $1.6 billion in new communications infrastructure across Quebec through 2018. When combined with operational expenses, this will bring TELUS– total investment in Quebec over the next four years to more than $6 billion. This significant investment will result in TELUS having invested more than $23 billion in Quebec since 2000 to further extend advanced telecommunications infrastructure supporting sustained innovation and fueling economic growth.
“In little more than a decade, our sustained investment has extended TELUS– reach from offering traditional phone services in Eastern Quebec to blanketing the province with the fastest wireless network technology and some of the most advanced business communications networks in the world,” said Francois Gratton, Executive Vice-President and President, Business Solutions East and TELUS Quebec. “Our continued focus over the next four years will further extend our fibre optic network directly to thousands of Quebec homes and businesses to dramatically increase their available Internet speeds, while connecting schools and healthcare facilities to allow more innovation in how they deliver life-changing services. We will bring wireless to more rural communities and even Montreal–s metro, and expand our advanced Internet data centre in Rimouski to meet the cloud computing and managed data needs of businesses in Quebec and across Canada. All of this is possible only with the dedicated work of our 6,000 team members across Quebec.”
TELUS– infrastructure and technology investments will advance services for the benefit of all Quebecois. In 2015 and beyond TELUS expects to:
Services
Business
Health
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 billion of annual revenue and 13.7 million customer connections, including 8.1 million wireless subscribers, 3.2 million wireline network access lines, 1.5 million Internet subscribers and 916,000 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 2015, 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 .
Forward looking statement:
This news release contains statements about expected future events, including TELUS– projected multi-year capital and operating expenditures, which include spectrum license purchases that are forward-looking. The investments described for 2015, 2016, 2017 and 2018 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 for the fiscal year ended December 31, 2014, 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:
Luiza Staniec
TELUS Media Relations
(514) 665-3413
You must be logged in to post a comment Login