TELUS announced today the investment of $17 billion in network
infrastructure, operations, and spectrum across Alberta over the
next four years and has committed to investing $70 billion overall
across Canada by 2026.
“This generational $17 billion investment in
Alberta is a true demonstration of TELUS’ long-standing commitment
to improving the lives of Canadians by connecting communities from
coast-to-coast with our world-leading wireless 5G and PureFibre
networks,” said Darren Entwistle, President and CEO of TELUS. “Our
broadband technology is supporting critical, transformational
change in respect of enabling online healthcare, education and
teleworking flexibility, and accelerating Canada’s digital economy
and society for heightened productivity, competitiveness and human
welfare outcomes in the post-pandemic period. Importantly, through
our investment, we are supporting the social and economic vibrancy
of Albertans and ensuring that every member of our society has
access to the technology that yields the opportunity to realize
their full potential.”
These significant investments include:
- Generating new jobs to support Alberta’s growing
economy Generating jobs for 8,500 Albertans at TELUS and
through its vast partner ecosystem now through 2026, with a focus
on construction, engineering, emerging technologies and other
supporting industries.
- Connecting nearly 1 million homes in Alberta
TELUS will connect hundreds of thousands more homes and businesses
across Alberta including in Airdrie, Calgary, Edmonton, Leduc,
Lloydminster, Spruce Grove, and St. Albert. PureFibre is Alberta's
only 100 per cent pure fibre-to-the-home network and currently
reaches nearly 1 million homes and businesses across the province.
The symmetrical upload and download Internet speeds and nearly
infinite bandwidth enabled only by PureFibre means everyone can
work, stream, game, or make video calls at the same time.
- Delivering 5G to Remote CommunitiesWith the
rollout of 3.5 GHz spectrum additions later this year, Albertans
will have access to TELUS’ 5G network delivering an ultrafast and
reliable wireless connection. Albertans living in some rural and
remote communities are also some of the first in the country to
access home Internet speeds of 100 Mbps through TELUS’ 5G fixed
wireless network, using the capabilities of 5G to provide a
powerful alternative to a wired Internet connection.
- TELUS’ global-leading wireless network was rated the fastest
mobile network for the eighth consecutive time by UK-based
Opensignal, while also earning the title of North America’s Fastest
Mobile Network and being named Canada’s Fastest Mobile Network by
Seattle-based Ookla® for the ninth consecutive time.
- 5G Core and Multi-Access Edge ComputingTELUS
will introduce its 5G standalone network this year and bring
multi-access edge computing (MEC) capabilities that will further
advance IoT and industry solutions that will enable important
innovations for businesses and sectors, including health,
agriculture, energy, transportation, and manufacturing.
- Our network and crucial investments will support the
digitization of the economy, and our transition to a sustainable
future, including through optimisation of energy
consumption at home, reduction of food waste or intelligent
transport systems that result in fewer emissions.
- Contributing to a greener Alberta and planetAs
a global leader in sustainability, TELUS’ network infrastructure
and investments are helping us transition to a sustainable future
through the digitization of the economy, including optimizing
energy consumption at home and reducing food waste through its
TELUS Agriculture solutions.
- The 2021 Sustainability Report outlines TELUS’ environmental,
social, and governance strategy and priorities which includes the
ambitious goal to use 100 per cent renewable energy by 2025.
Moreover, TELUS’ world-leading wireless and wireline networks
enable significant carbon avoidance by providing the networks
required for TELUS team members and millions of Albertans to work
remotely and avoid commuting; access education, healthcare, and
social connections virtually; and enable other businesses to take
their workforce virtual leading to less energy consumption in
office buildings and fewer commuters on the road.
- To date, TELUS has planted more than 800,000 trees and by the
time its millionth tree is planted later this year, it will have
planted the equivalent of 20,000 acres of forest, which is nearly
the size of Red Deer.
- Supporting Alberta’s Agriculture IndustryTELUS
Agriculture is investing in integrated data management software,
helping to scale animal health technology to deliver valuable
insights and enable a more sustainable, responsive food supply
chain. With a comprehensive portfolio of grower and advisor
solutions, TELUS Agriculture is helping to improve both
productivity and profitability for farmers in Alberta, notably with
field-specific nutrient management programs aimed at increasing
fertilizer efficiency and maximizing yield potential.
Since 2000 through 2021, TELUS has invested $220
billion nationally in network infrastructure, operations and
spectrum, including more than $55 billion in technology and
operations in Alberta. The investments announced in this media
release are consistent with TELUS’ capital expenditure guidance for
2022, released in the fourth quarter of 2021 earnings release dated
February 10, 2022.
These investments are critical to provide Canadians
with access to superior technology that connects us to the people,
resources and information that make our lives better. TELUS is
steadfast in its commitment to using technology, team member-led
innovation, and human compassion to address the most important
societal challenges of our generation and bringing real solutions
to the residents of Alberta.
TELUS also embraces tax morality as a means of
further investing in our communities. Since 2000, TELUS has paid
approximately $51 billion in total tax and spectrum remittances to
our federal, provincial and municipal governments across Canada,
including more than $2.2 billion in taxes in 2021 alone. These
funds support public works projects, education, healthcare,
cultural pursuits and other initiatives that improve the social and
economic well-being of our communities.
TELUS’ innovative approach to leveraging technology
in healthcare has supported 22 million Canadians to receive care
where and when they need it with virtual visits since March 2020
through the MyCare by TELUS Health App, giving Canadians the tools
they need to see a doctor or therapist from the safety and comfort
of home, directly from their smartphone.
Since 2000, TELUS, its team members and retirees
have provided over $198 million in cash, in-kind contributions,
time and programs and volunteered 3.2 million hours to charities
and community organizations located in Alberta.
Quotes:
“This is excellent news for the province of
Alberta. Ensuring that all Canadians have access to reliable,
high-speed Internet has become increasingly important, and this
investment from TELUS will help create jobs, connect Albertans, and
contribute towards building an environmentally sustainable Canada.
Through initiatives like the Universal Broadband Fund, the
Government of Canada is proud to partner with its provincial
counterparts and Internet Service Providers like TELUS to ensure
that every Canadian from coast to coast to coast can be connected
to high speed Internet.”
– The Honourable Gudie Hutchings, Minister
of Rural Economic Development
“Alberta’s economy is on the right track. TELUS’
investment in our province is excellent news for the growth and
diversification of our economy now and in the years to come. Each
of these thousands of jobs is crucial to helping Alberta continue
our upward trajectory. We have the momentum we need to really make
this Alberta’s decade.”
– Doug Schweitzer,
Minister of Jobs, Economy and Innovation
“Technology is the future of every industry, and
connectivity is the foundation of technology. Between TELUS’
investment in increased connectivity and Alberta’s Broadband
Strategy, Alberta is well positioned to achieve universal
connectivity. This will help to grow and diversify our economy, and
will ensure that all Albertans can participate in Alberta’s
economic recovery.”
– Nate Glubish, Minister of Service
Alberta
Forward-Looking StatementsThis
news release contains statements about future events and plans that
are forward-looking, including relating to TELUS’ infrastructure,
operations and spectrum investment plans. By their nature,
forward-looking statements require TELUS 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 decisions and developments, the competitive
environment in which we operate, our operating and financial
results and our ability to carry out financing activities) could
cause actual capital and operating expenditures to differ
materially from those expressed in the forward-looking
statements.
Accordingly, this news release and the
forward-looking statements made in it are subject to the cautionary
note and qualified by the assumptions, qualifications and risk
factors referred to in TELUS’ 2021 and first quarter 2022
Management’s discussion and analysis, which are 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).
Forward-looking statements describe TELUS’ expectations and are
based on our assumptions as at the date of this press release and
are subject to change. Except as required by law, TELUS disclaims
any intention or obligation to update or revise forward-looking
statements.
About TELUSTELUS (TSX: T, NYSE:
TU) is a dynamic, world-leading communications technology company
with $17 billion in annual revenue and 17 million customer
connections spanning wireless, data, IP, voice, television,
entertainment, video, and security. Our social purpose is to
leverage our global-leading technology and compassion to drive
social change and enable remarkable human outcomes. Our
longstanding commitment to putting our customers first fuels every
aspect of our business, making us a distinct leader in customer
service excellence and loyalty. The numerous, sustained accolades
TELUS has earned over the years from independent, industry-leading
network insight firms showcase the strength and speed of TELUS’
global-leading networks, reinforcing our commitment to provide
Canadians with access to superior technology that connects us to
the people, resources and information that make our lives
better.
TELUS Health is Canada’s leader in digital health
technology, improving access to health and wellness services and
revolutionizing the flow of health information across the continuum
of care. TELUS Agriculture provides innovative digital solutions
throughout the agriculture value chain, supporting better food
outcomes from improved agri-business data insights and processes.
TELUS International (TSX and NYSE: TIXT) is a leading digital
customer experience innovator that designs, builds, and delivers
next-generation solutions, including AI and content moderation, for
global and disruptive brands across high-growth industry verticals,
including tech and games, communications and media and ecommerce
and FinTech. TELUS and TELUS International operate in 28 countries
around the world.
Driven by our determination and vision to connect
all citizens for good, our deeply meaningful and enduring
philosophy to give where we live has inspired TELUS, our team
members and retirees to contribute more than $900 million and 1.8
million days of service since 2000. This unprecedented generosity
and unparalleled volunteerism have made TELUS the most giving
company in the world. Together, let’s make the future friendly.
For more information about TELUS, please visit
telus.com, follow us @TELUSNews on Twitter and @Darren_Entwistle on
Instagram.
For media inquiries, please
contact:
Liz SauvéTELUS Public Relations
liz.sauve@telus.com
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