TELUS Corporation
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NYSE : TU

TELUS Corporation

April 11, 2016 06:00 ET

TELUS Investing $1 Billion Through 2019 to Extend Advanced Communications Infrastructure Across Ontario

Significant investment across the province will increase wireless speeds and coverage, extend TELUS' fibre optic Internet network to even more businesses, and help deliver better healthcare solutions

TORONTO, ONTARIO--(Marketwired - April 11, 2016) - TELUS intends to invest $1 billion in new communications infrastructure across Ontario through 2019. This year alone, TELUS will invest $245 million in the province to enhance the speed, capacity and coverage of its wireless networks in both rural and urban communities, provide critical fibre optic connections to business clients, and further enhance its innovative offerings for Ontario businesses and healthcare providers.

"By the end of 2019, TELUS will have invested more than $45 billion to provide Ontario citizens businesses, healthcare providers and educators 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 dedicated to helping advance Ontario's economy by expanding the world's fastest wireless technologies to more communities across the province, enabling businesses to compete on a local, national and global basis."

TELUS has also paid and remitted $2.2 billion in sales, income, property and other taxes in Ontario since 2000. More importantly, in support of the company's philosophy to give where we live, TELUS and its more than 8,000 team members and retirees in Ontario have contributed more than $80 million and 540,000 volunteer hours to charitable and community organizations throughout Ontario since 2000.

TELUS' infrastructure and technology investments will advance services for the benefit of all Ontarians. In Ontario, TELUS is:

  • Adding capacity and extending the reach of its wireless network in rural areas, while extending 4G LTE and LTE-advanced - the world's fastest and most advanced wireless technology - across the province. This investment will dramatically increase data speeds to satisfy customer demand for downloads and video streaming. TELUS 4G LTE is already available to more than 99 per cent of Ontarians;
  • Investing in Internet-connected devices to promote the growth of the Internet of Things (IoT) in Ontario, driving solutions that will enable all sectors to further their global competitive advantage, reduce their environmental impact and increase worker safety;
  • Investing in areas like advanced analytics, cloud-based security services and integrated security solutions to help Ontario businesses maintain strong security against a rapidly-growing number of online threats;
  • Enhancing TELUS storefronts across the province, upgrading stores to showcase emerging technology and integrated solutions including consumer health and wellness, the connected home and home entertainment, and the connected car, ensuring Canadians are connected whenever and wherever to what matters to them the most.
  • Increasing the capacity of its advanced Internet data centres in Ontario to meet the growing needs of its current and future clients in the province and across Canada. Combined with TELUS' expanded cloud portfolio, Ontario businesses now have access to a full suite of managed Infrastructure as a Service (IaaS) solutions that includes public and private cloud options, as well as Canada's first hybrid cloud offering built on the Industry-leading Cisco Cloud Architecture for the Microsoft Cloud Platform;
  • Extending its fibre optic networks to continue providing Ontario businesses, large and small as well as the provincial and federal governments, with the fastest and most reliable network technology in the world;
  • Expanding its healthcare solutions. Currently, TELUS provides electronic medical records to more than 15,000 Canadian physicians as well as health benefits management solutions to more than 10,000 pharmacies, 11,000 dental clinics and 33,000 extended healthcare providers across the country. TELUS Health has invested more than $1.6 billion to bring patient-centred solutions to market which are improving the flow of information across the healthcare continuum and enabling better health outcomes for Ontarians and all Canadians.

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 www.telus.com.

TELUS in Ontario:

TELUS is planning to invest more than $1 billion in new infrastructure and facilities across Ontario over the next four years. By the end of 2019 TELUS expects to have invested more than $45 billion in Ontario since 2000 to extend the reach of advanced wireless and wireline telecommunications infrastructure throughout the province. The TELUS Health team is leveraging technology innovation to deliver better health outcomes for Ontarians as the province's leading provider of electronic medical records for physicians and as a partner of the Ontario government in supporting electronic health records across the Greater Toronto Area.

In support of the company's philosophy to give where we live, TELUS, team members and retirees have contributed more than $80 million and 540,000 volunteer hours to charitable and community organizations throughout Ontario since 2000. Created in 2005 by President and CEO Darren Entwistle, TELUS has 15 local community boards dedicated to supporting local projects. The two Ontario community boards in Ontario have donated more than $12.4 million in support of more than 820 local charitable projects since inception, in partnership with regional TELUS Community Action Teams.

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 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.

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