News Column

TELUS to Invest $130 Million Across Manitoba Through 2016

May 28, 2014

WINNIPEG, MANITOBA--(Marketwired - May 28, 2014) - TELUS (TSX:T)(NYSE:TU) will invest $130 million in new infrastructure and wireless technology across Manitoba through 2016, the company announced today.

"Our wireless network has expanded rapidly across Manitoba over the past decade. With this significant investment we will continue that work, deploying the world's most advanced wireless technology in even more Manitoba communities over the next three years," said Darren Entwistle, TELUS Executive chairman. "With our focused, long-term investment we are helping to make Manitoba one of the most connected places in the world.

"By the end of 2016 TELUS' investment in operations and infrastructure in Manitoba since 2000 will exceed $670 million," Mr. Entwistle added. "Moreover, TELUS has also remitted income, payroll, property, sales and other taxes totalling more than $52.3 million to provincial and municipal governments in Manitoba since 2000. As a good corporate citizen we are helping support important social services for Manitobans across the province.

"TELUS' commitment to Manitoba communities extends well beyond providing customers with world-class technology, investing in new infrastructure and paying taxes," said Mr. Entwistle. "We bring the same kind of commitment to our charitable giving and volunteering that we do to our business. Since 2000 TELUS and our employees and retirees here in Manitoba have donated over $725,000, and volunteered 2,000 hours to community and charitable organizations. We're looking forward to sponsoring the annual Dr. Goodbear Golf Tournament again this year in support of the Children's Hospital Foundation of Manitoba. Over the past four years we've contributed $60,000 to this important cause."

This year, TELUS' infrastructure investment will advance services for the benefit of Manitobans by:

-- Extending the reach of the world's fastest wireless technology, called 4G LTE, to even more Manitoba communities. TELUS will rapidly deploy the 700 MHz spectrum purchased in the recent auction to enhance speeds and coverage even further across the province; -- Installing dozens of new wireless sites to enhance coverage and data capacity in rural and urban areas, enhancing the safety of travel across the province; -- Expanding the reach of TELUS' healthcare solutions, which currently provide electronic medical records to more than 12,500 Canadian physicians across the country and support more than 45 million patient interactions each year.



The capital investment disclosed in this release is consistent with TELUS' overall capital expenditure guidance for 2014.

About TELUS

TELUS (TSX:T)(NYSE:TU) is Canada's fastest-growing national telecommunications company, with $11.5 billion of annual revenue and 13.3 million customer connections, including 7.8 million wireless subscribers, 3.2 million wireline network access lines, 1.4 million Internet subscribers and 842,000 TELUS TV customers. TELUS provides a wide range of communications products and services, including wireless, data, Internet protocol (IP), voice, television, entertainment and video, and is Canada's largest healthcare IT provider.

In support of our philosophy to give where we live, TELUS, our team members and retirees have contributed more than $350 million to charitable and not-for-profit organizations and volunteered 5.4 million hours of service to local communities since 2000. 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 including TELUS' projected multi-year capital and operating expenditures, including spectrum licence purchases that are forward-looking. Additional investments described for 2015 and 2016 are forward looking statements subject to the ongoing review and approval of TELUS' Board of Directors. 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 (such as regulatory and government decisions, the competitive environment, and our earnings, free cash flow and financial position) could cause actual future 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 (including assumptions for 2014 annual guidance, semi-annual dividend increases through 2016, ability to sustain and complete our multi-year share purchase programs through 2016), qualifications and risk factors referred to in the 2013 annual report, and in other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR at sedar.com) and in the United States (on EDGAR at sec.gov). Except as required by law,TELUS disclaims any intention or obligation to update or revise forward-looking statements.

FOR FURTHER INFORMATION PLEASE CONTACT: Emma Miller TELUS Media Relations emma.miller@telus.com 647-464-6817 Source: TELUS Corporation


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Marketwire (Canada)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters