TELUS Corporation
TSX : T
NYSE : TU

TELUS Corporation

April 21, 2015 08:00 ET

TELUS Will Invest $2.1 Billion Across Ontario Through 2018

Investment will enhance the reach, speed, capacity and reliability of TELUS' communications network, enable innovative new business solutions and help healthcare providers deliver better care

TORONTO, ONTARIO--(Marketwired - April 21, 2015) - TELUS announced today it intends to invest an additional $2.1 billion in new infrastructure and facilities across Ontario through 2018. When combined with operational expenses, this will bring the total TELUS investment in Ontario over the next four years to more than $11 billion. By the end of 2018, TELUS will have invested more than $42 billion in Ontario since 2000 to further extend our advanced telecommunications infrastructure and healthcare services, helping fuel the province's economic growth by ensuring sustained innovation and job creation.

"Since 2000, our investments in Ontario have created more than 7,300 jobs across the province and enabled millions of customer connections," said Joe Natale, President and CEO of TELUS. "As part of our team's commitment to putting customers first, we will invest an additional $2.1 billion across the province over the next four years. Ontarians want increasingly faster wireless speeds and enhanced capacity, and we are well positioned to deliver these thanks to recent investments which have expanded our portfolio of wireless spectrum in the province by more than 60 per cent. In addition, we plan to continue bringing leading-edge solutions like our Internet of Things marketplace to our business customers and enabling innovative services that help Ontarians better manage their health and that of their families."

Mr. Natale added, "TELUS' commitment to Ontario extends well beyond our investments in operations and infrastructure. Since 2000, TELUS has paid income, payroll, property and other taxes totalling more than $2 billion to provincial and municipal governments in Ontario, supporting critical social services in helping to build stronger communities across the province. Most importantly, TELUS and our team members, community board members and retirees who live and work in Ontario have donated more than $70 million and volunteered more than 440,000 hours with charitable organizations across the province since 2000."

"TELUS' continued investments in technology and infrastructure in Ontario have created thousands of jobs, while generating billions of dollars in economic growth in communities across the province", said Minister Brad Duguid, Ontario Minister of Economic Development, Employment and Infrastructure. "TELUS is a strong community partner, and our government will continue working hard to create a dynamic, inviting business climate so that TELUS can focus on delivering important services to Ontario families and businesses."

TELUS' infrastructure and technology investments will help deliver advanced services that will benefit all Ontarians. In 2015 and beyond, TELUS expects to:

Services

  • Continue to upgrade wireless towers across Ontario to 4G LTE, enhancing the already exceptional speed, coverage and reliability experienced by TELUS customers;
  • Commence planning for how to best leverage TELUS' newly purchased AWS-3 spectrum to add much needed wireless capacity across the province;
  • Continue to rapidly deploy 700MHz spectrum for use in rural and urban areas.

Health

  • Further grow the important role of TELUS Health, which currently provides electronic medical records to more than 14,000 Canadian physicians as well as health benefits management solutions to more than 9,000 pharmacies, 11,000 dental clinics and 25,000 extended healthcare providers across the country. TELUS Health has invested more than $1.5 billion to bring to market patient-centric solutions that improve the flow of information across the healthcare continuum and enable better health outcomes for Ontarians and all Canadians;
  • Support eHealth Ontario and their mandate to improve health services by connecting healthcare providers with timely access to electronic health records. Connecting the Greater Toronto Area makes important health information available electronically to clinicians, improving the health services received by close to half of all Ontarians. Enabling direct access to blood test results and CT scans, for example, avoids inconveniencing patients and duplicating costly tests. Moreover, having access to discharge summaries allows community care workers to plan for support services needed by patients post discharge thus improving effectiveness and efficiency of healthcare delivery and the experience for patients.

Business

  • Invest heavily in core areas of network, security, cloud computing and Internet-connected devices to facilitate the adoption of Internet of Things (IoT) technologies in Ontario, partnering with Ontario's technology sector to develop innovative solutions that make Canadian businesses more productive and profitable.

Community

  • Expand the reach of TELUS WISE, a free program available to all Canadians focused on keeping families safer online through Internet and smartphone safety education. Since its launch in 2013, this program has reached more than 100,000 Ontarians through more than 150 community learning sessions;
  • Partner with local organizations on social initiatives through TELUS Community Boards and employee charitable giving, providing an expected $10M in funds in 2015 alone;
    • In 2014, the Ontario TELUS Community Boards donated $1.1 million in support of 73 local charitable projects, and since inception, the Ontario TELUS Community Boards have donated more than $11.1 million in support of 690 local charitable projects;
  • Last year, more than 15,000 TELUS team members, retirees and family members participated in the ninth annual TELUS Days of Giving, volunteering their time at 700 activities in 36 communities across Canada. In 2015, we expect more than 4,400 volunteers to participate in TELUS Days of Giving in Ontario alone;
  • Support sustainability and environmental stewardship in Ontario through our target to reduce greenhouse gas emissions by 25% from 2010 levels by 2020. To date TELUS has achieved an 18% absolute reduction in greenhouse gas emissions.

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 www.telus.com.

Forward-looking statement:

This news release contains statements about expected future events, including TELUS' projected multi-year capital and operating expenditures, which 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, which are specifically incorporated by reference herein, and in other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR at www.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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