TELUS Corporation
TSX : T
NYSE : TU

TELUS Corporation

May 06, 2014 10:00 ET

TELUS Investing $55 Million in Montreal in 2014

TELUS continues to deploy the world's fastest wireless technology and extends fibre optic network coverage to local companies

MONTREAL, QUEBEC--(Marketwired - May 6, 2014) - TELUS (TSX:T)(NYSE:TU) is investing $55 million in the metropolitan area this year to expand the reach of the world's fastest wireless technology and continue connecting area businesses to fibre optics.

"We expect Canadians' mobile data usage to increase ninefold in the next five years, and Montrealers are leading the charge," said François Gratton, president of TELUS Québec and Atlantic Canada. "This is why it is essential to keep investing in our high-speed networks, supporting day-to-day business activities, entertainment services,and access to indispensable health care. Our business strategy has remained unchanged for the past 13 years: we are harnessing the power of the Internet to offer customers the best experience at home, at work and on the move. It is a commitment that the 3,500 TELUS team members in the metropolitan area care deeply about. Our efforts are working, as our customers have recognized us as the most recommended telecommunications provider in Quebec."

This year, TELUS' infrastructure investment will advance services for the benefit of Montreal residents by:

  • Expanding LTE technology so even more customers in the metropolitan area can enjoy the world's fastest wireless technology, whether for listening to music, watching videos or holding a video conference. Over 80 per cent of the Quebec population will have access to LTE technology by the end of 2014 thanks to TELUS.
  • Meeting the increasing demand for wireless data by rapidly deploying 700MHz spectrum, enhancing the already world-leading speed, coverage and reliability TELUS customers experience.
  • 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 TELUS.
  • 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.

This significant investment in Montreal is part of TELUS' $1.3 billion investment commitment in Quebec though 2016. TELUS' cumulative investment in operations and infrastructure in Quebec since 2000 will exceed $20 billion by the end of 2016.

As significant as TELUS' investments in its networks and infrastructure are, the company's community involvement 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 organizations in the province. Last year, TELUS gave $3 million to 100 Montreal-area organizations, including La Maison Tangente, CyberCap, Fondation Tel-Jeunes, The Lighthouse Children and Families, L'Itinéraire and Toujours ensemble.

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 $11.4 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 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.

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