VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 04/05/16 — TELUS intends to invest $4.5 billion in new communications infrastructure across British Columbia through 2019. This year alone, TELUS will invest $1.2 billion in the province to extend fibre optic infrastructure directly to thousands of homes and businesses in rural and urban communities, further strengthen wireless service, and support key services including healthcare and education with new technologies.
“By the end of 2019 TELUS will have invested more than $51 billion in British Columbia since 2000 to provide our neighbours with access to critical next-generation health, education, business and government services and solutions,” said Darren Entwistle, TELUS President and CEO. “The TELUS team is unwavering in our commitment to connect citizens, businesses, healthcare professionals, schools and government organizations to the best wireline and wireless technologies available on the planet, ensuring Canada–s success in the growing digital economy, today and for generations to come.”
TELUS has paid and remitted $3.8 billion in sales, income, property and other taxes in the province since 2000. More importantly, in support of the company–s philosophy to give where we live, TELUS and its more than 20,000 team members and retirees in British Columbia have contributed more than $135 million and volunteered more than 3.76 million volunteer hours to charitable and community organizations throughout the province since 2000.
“Whether it–s for work, school, or pleasure, British Columbians depend on fast, reliable Internet access,” said Premier Christy Clark. “TELUS– continued investments ensure they not only meet increasing demand today, but lay the path for a growing economy.”
TELUS– infrastructure and technology investments will advance services for the benefit of all British Columbians. In B.C., TELUS is:
The investments announced in this media release were reflected in TELUS– capital expenditure guidance for 2016, which was issued on February 12, 2016.
About TELUS
TELUS (TSX: T)(NYSE: TU) is Canada–s fastest-growing national telecommunications company, with $12.5 billion of annual revenue and 12.5 million customer connections, including 8.5 million wireless subscribers, 1.5 million residential network access lines, 1.6 million high-speed Internet subscribers and 1.0 million 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.
For more information about TELUS, please visit .
TELUS in B.C.:
TELUS is planning to invest more than $4.5 billion in new infrastructure and facilities across its home province of British Columbia over the next four years. By the end of 2019 TELUS expects to have invested more than $51 billion in British Columbia since 2000 to extend the reach of advanced wireless and wireline telecommunications infrastructure throughout the province. As part of that commitment, TELUS has connected homes, businesses, schools and healthcare institutions in more than 24 communities directly to TELUS– fibre network in order to support sustained innovation and fuel the province–s economic growth. The TELUS Health team is leveraging technology innovation to deliver better health outcomes for British Columbians as a leading provider of electronic medical records for physicians and as a partner of the B.C. government in introducing home health monitoring.
In support of the company–s philosophy to give where we live, TELUS, team members and retirees have contributed more than $135 million and 3.76 million volunteer hours to charitable and community organizations throughout British Columbia since 2000. Created in 2005 by President and CEO Darren Entwistle, TELUS has 15 local community boards dedicated to supporting local projects. The three Community Boards in B.C. have donated more than $12.9 million in support of nearly 1,500 local charitable projects since inception, in partnership with regional TELUS Community Action Teams.
In September 2015 TELUS opened its new headquarters, TELUS Garden, located in downtown Vancouver. Rich with innovative architectural, technological and environmental features, TELUS Garden is the first office tower in Canada to receive the new Leadership in Energy and Environmental Design (LEED) Platinum certification for sustainable development. The one million square foot development also includes a 53-storey residential tower currently under construction and targeting LEED Gold standards with 424 green homes and retail space.
Forward-looking statement:
This news release contains statements about expected future events, including TELUS– projected multi-year capital and operating expenditures that are forward-looking. The investments described for 2016, 2017, 2018 and 2019 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 2016 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 2015 Management–s Discussion and Analysis for the fiscal year ended December 31, 2015, which are specifically incorporated by reference herein, and in other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR at ) and in the United States (on EDGAR at ). Except as required by law, TELUS disclaims any intention or obligation to update or revise forward-looking statements.
Contacts:
Liz Sauve
TELUS Media Relations
604-719-6715
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