Investment focused on leading broadband infrastructure
OTTAWA, May 5 /CNW/ - TELUS today announced a 2009 capital plan investing
more than $300 million focused primarily on advanced wireless and wireline
broadband infrastructure in Ontario. This investment is supporting more than
Since 2000, TELUS has made nearly $13 billion in capital and operating
expenditures in the province.
Work is currently underway to build TELUS' next generation wireless
network, using the most advanced mobile broadband technology. TELUS expects to
launch the new network, based on the latest version of a technology known as
High Speed Packet Access (HSPA), in Ontario and nationally by early 2010. This
investment is expected to ensure an optimal future transition to long term
evolution (LTE) technology, the emerging worldwide standard for fourth
generation or 4G networks.
TELUS' broadband wireline investment focuses on supporting new business
contracts in Ontario, enabling more organizations to access leading edge
connectivity, collaboration and network services that can improve the
efficiency and competitiveness of their business. The extension of new
broadband services creates significant benefits and opportunities in the areas
of healthcare, education and economic development.
"Our 7,200 Ontario-based team members are proud of TELUS' legacy in this
province and despite the challenging times we are committed to making
significant investments that benefit the economy, our communities, and our
customers," said Darren Entwistle, President and CEO of TELUS. "Our investment
of more than $300 million in leading broadband technology creates employment
opportunities, contributes to the province's future competitiveness, and
supports the launch of innovative new services for TELUS customers."
Since 2000, TELUS and our team members have contributed more than $16
million and 115,000 volunteer hours to charitable and community organizations
in Ontario. The Ontario Science Centre, Juvenile Diabetes Research Foundation
Canada, Canadian Liver Foundation, National Arts Centre, Canadian National
Institute for the Blind, and the YMCA Youth Zone are just a few of the more
than 760 Ontario charitable and non-profit organizations that TELUS has
supported over the past nine years.
The capital investment disclosed in this release is consistent with
TELUS' overall capital expenditure guidance for 2009.
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications
company in Canada, with $9.7 billion of annual revenue and 11.6 million
customer connections including 6.1 million wireless subscribers, 4.2 million
wireline network access lines and 1.2 million Internet subscribers. Led since
2000 by President and CEO, Darren Entwistle, TELUS provides a wide range of
communications products and services including data, Internet protocol (IP),
voice, entertainment and video. In support of our philosophy to give where we
live, TELUS, our team members and retirees have contributed $137 million to
charitable and not-for-profit organizations and volunteered more than 2.6
million hours of service to local communities since 2000. Nine TELUS Community
Boards across Canada lead our local philanthropic initiatives. For more
information about TELUS, please visit telus.com.
This document contains statements about expected future events and
financial and operating results of TELUS Corporation that are forward-looking.
By their nature, forward-looking statements require the Company to make
assumptions and are subject to inherent risks and uncertainties. There is
significant risk that the assumptions, predictions and other 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 results and events to differ materially from that
expressed in the forward-looking statements. Accordingly this news release is
subject to the disclaimer and qualified by the assumptions, qualifications and
risk factors referred to in TELUS' reports, comprehensive public disclosure
documents including the 2008 Annual Report, Annual Information Form and
quarterly interim reports and in other filings with securities commissions in
Canada and the United States.
For further information:
For further information: For media inquiries, please contact: Allison
Vale, TELUS Media Relations, (416) 629-6425, firstname.lastname@example.org