Investment focused on leading broadband infrastructure
EDMONTON and CALGARY, April 14 /CNW/ - TELUS today announced a 2009
capital plan to invest more than $700 million focused primarily on advanced
wireless and wireline broadband infrastructure in Alberta. This investment is
expected to support more than 2,100 jobs.
Since 2000, TELUS has made more than $18 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 Alberta 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 plan is anticipated by 2010 to
significantly expand the reach of its high-speed Internet and digital TELUS TV
service in Alberta. The extension of new broadband services creates
significant benefits and opportunities in the areas of healthcare, education,
economic development and entertainment.
"Our 7,200 Alberta-based team members and 6,800 retirees 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 $700 million in leading broadband
technology will create employment opportunities, contribute to the province's
future competitiveness, and support the launch of innovative new services for
Since 2000, TELUS, our team members and retirees have contributed more
than $45 million and 836,000 volunteer hours to charitable and community
organizations in Alberta. The TELUS World of Science in Calgary and Edmonton,
the Stollery Children's Hospital Foundation, the Alberta Children's Hospital
Foundation, the Edmonton Community Foundation, the Heart and Stroke Foundation
of Alberta & NWT and the Calgary Humane Society are just a few of the more
than 1,000 Alberta 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: Jim Johannsson, TELUS Media Relations, (780)