TELUS to give up to $160,000 to CancerCare Manitoba Foundation for paediatric oncology clinical trials
WINNIPEG, June 14, 2012 /CNW/ - TELUS announced today it will invest more than $7 million to further expand and enhance its wireless service in Manitoba.
"TELUS' $7 million investment will enhance our world-class wireless network for Manitobans living and working in the province," said Michael Sangster, TELUS vice-president. "TELUS is committed to making investments in infrastructure and technology to better serve our customers and communities. We are deeply grateful for the hard work and outstanding commitment of our nearly 100 team members and retirees and for the support of our customers."
TELUS' $7 million investment will expand and enhance its state-of-the-art 4G wireless network, which offers manufacturer's rated peak download speeds of up to 42 Mbps (with expected average speeds of 7 to 14 Mbps) and builds on the more than $700 million the company has invested in technology and operations in Manitoba since 2000.
"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 Sangster. "We embrace a simple philosophy - we give where we live - and we take great pride in the social outcomes we are helping to realize."
As a part of this commitment, TELUS will contribute $25 on behalf of every new smartphone customer in Winnipeg - up to $160,000 - to the CancerCare Manitoba Foundation through the Phones for Good campaign. The campaign will run until December 5 and will help fund paediatric oncology clinical trials to help children with cancer receive safe treatments.
Since 2000, the TELUS family of nearly 100 team members and retirees in Manitoba has donated more than $1.3 million and volunteered 1,000 hours with our hearts and our hands to community and charitable organizations including the Children's Hospital Foundation of Manitoba and the University of Manitoba. Additionally, the TELUS team will contribute more than $20,000 to local, grassroots community projects in 2012.
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 video.
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.
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