Investment bringing world's fastest wireless technology to more than 95
per cent of Ontarians and hiring 900 employees
TORONTO, June 1, 2012 /CNW/ - TELUS will invest more than $650 million
in advanced technology over the next three years in Ontario.
The significant investment builds on the more than $22 billion the
company has invested in technology and operations in the province since
2000. It will expand and extend TELUS' 4G LTE network, using the
fastest wireless technology in the world. TELUS' investments will also
result in the hiring of 900 people across Ontario to support its
"Technology is a foundation of a stronger provincial economy," said Joe
Natale, TELUS' Chief Commercial Officer. "These investments will help
support growth across our wireline and wireless services, meeting the
exponential demand for advanced communications technology that we see
across the province, and indeed across the country. They'll improve the
reach and capacity of our network for existing business customers, and
consumers. And, of particular importance, they will help to connect
additional rural and small communities. At the same time, hiring 900
people will help us support the future economic prosperity of Ontario."
TELUS' commitment also extends to supporting local charities and
community organizations. Since 2000, TELUS' family of more than 8,000
employees and retirees in Ontario have contributed more than $39
million and, more significantly, volunteered 235,000 hours to
Ontario-based charities and organizations such as The Canadian Breast
Cancer Foundation, Tree Canada, Canadian Red Cross and Free The
Children. Notably, the TELUS team will contribute more than $7 million
to local, grassroots community projects in 2012.
"At TELUS, we have a fundamental belief that by supporting one another,
we build a stronger foundation," said Mr. Natale. "From it, better
businesses are built, and more importantly, stronger communities are
created. We take our work in communities across Ontario seriously,
bringing the same innovation and commitment to our charitable giving
and volunteer work as we do to every other facet of our business. 'We
give where we live' isn't just a slogan for our team. It's an authentic
expression of our caring attitude and approach."
TELUS' $650 million investment will:
Extend and expand TELUS' fourth generation network coverage to more than
95 per cent of people in Ontario. This year, TELUS will extend 4G LTE
service to the National Capital Region, Barrie, Windsor, Muskoka,
Niagara area and Kingston with more to come over the next few years if
TELUS is able to secure necessary wireless spectrum through Industry
Canada's upcoming spectrum auctions. 4G LTE is the most advanced,
fastest wireless technology available in the world today.
Continue to improve delivery of drug claims services through the
company's healthcare technology. In May, TELUS earned a two-year contract extension with Ontario
Ministry of Health and Long-Term Care for the operation of the Health
Network System, which enables pharmacies to submit drug benefit claims
electronically. The extension recognizes TELUS' excellence in on-line
and real time drug claims adjudication under the Ontario Public Drug
Programs. TELUS' healthcare solutions enable the processing of drug
claims under the OPDP, the largest, real-time online transaction
processing system in the Ontario government The system settles about
125 million online real-time transactions per year from the
approximately 2.2 million Ontarians using Ontario Drug Benefit claims
Support unique community fundraising projects in Ontario. Similar programs in 2011 raised $250,000 for Junior Achievement of
Canada towards a new national award for Canadian youth and $80,000 for
the Canadian Beast Cancer Foundation - Ontario Region to fund clinical
fellowships in breast cancer research.
The capital investment disclosed in this release is consistent with
TELUS' overall capital expenditure target 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