TORONTO, June 5, 2012 /CNW/ - TELUS will invest $280 million in the
Greater Toronto Area over the next three years to further enhance and
expand TELUS' 4G LTE service, using the fastest wireless technology in
"TELUS' $280 million investment in the GTA over the next three years
will enhance and expand the most advanced, fastest wireless technology
available in the world today," said Johnnie-Mike Irving, managing
director of Business Solutions, TELUS. "The demand for wireless
services is exploding in the Greater Toronto Area and TELUS is
committed to making investments in infrastructure and technology to
better serve our customers and their communities. We are deeply
grateful for the hard work and outstanding commitment of our more than
6,200 local team members and retirees and for the support of our
This significant investment is part of $650 million in infrastructure
upgrades being made across Ontario through 2014 and builds upon the $22
billion TELUS has already invested in operations and technology
throughout the province over the last 10 years.
TELUS' commitment also extends to supporting local charities and
"As important as our infrastructure investments are to our success, our
commitment to local community organizations is near and dear to our
hearts. TELUS believes deeply in the symbiotic relationship between the
success of business and the welfare of our communities," continued
Irving. "We embrace a simple philosophy - we give where we live - and
we take great pride in the social outcomes we are helping to realize.
Since 2000, our TELUS family of more than 6,200 employees and retirees
in the GTA have donated more than $21 million and, more importantly,
volunteered 167,000 hours with our hearts and our hands, to local
community and charitable organizations including SickKids Foundation,
the Children's Aid Foundation and Doctors without Borders Canada."
In addition, the TELUS Toronto Community Board has contributed $4.5
million in support of 262 local charitable projects for organizations
including Arts for Children and Youth (AFCY), Leave Out Violence (LOVE)
and The Metropolitan Action Committee on Violence Against Women and
Children (METRAC), since its inception in 2005. Moreover, the Board
will donate $700,000 to GTA grassroots charities in 2012.
TELUS' $280 million investment over the next three years will enhance
and expand its new 4G LTE service in the GTA. TELUS' 4G LTE network
supports manufacturers' rated peak download speeds of up to 75 megabits
per second (Mbps), with an expected average of 12 to 25 Mbps.
The capital investment disclosed in this release is consistent with
TELUS' overall capital expenditure guidance for 2012.
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications
company in Canada, with $10.5 billion of annual revenue and 12.7
million customer connections including 7.4 million wireless
subscribers, 3.5 million wireline network access lines and 1.3 million
Internet subscribers and more than 550,000 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
In support of our philosophy to give where we live, TELUS, our team
members and retirees have contributed more than $260 million to
charitable and not-for-profit organizations and volunteered 4.2 million
hours of service to local communities since 2000. Eleven TELUS
Community Boards across Canada lead TELUS local philanthropic
initiatives. 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 of
TELUS that are forward-looking. 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 could cause actual future events to
differ materially from that expressed in the forward-looking
statements. Except as required by law, TELUS disclaims any intention or
obligation to update or revise forward-looking statements.
SOURCE TELUS Corporation
For further information:
TELUS Media Relations