TELUS investing $23 billion throughout Ontario serving to generate


OTTAWA, July 05, 2022 (GLOBE NEWSWIRE) — TELUS introduced right now the funding of $23 billion in community infrastructure, operations, and spectrum throughout Ontario over the following 4 years and has dedicated to investing $70 billion general throughout Canada by 2026.

“This generational $23 billion funding in Ontario is a real demonstration of TELUS’ long-standing dedication to enhancing the lives of Canadians by connecting communities from coast-to-coast with our world-leading wi-fi 5G community,” stated Darren Entwistle, President and CEO of TELUS. “Our broadband expertise is supporting crucial, transformational change in respect of enabling on-line healthcare, training and teleworking flexibility, and accelerating Canada’s digital economic system and society for heightened productiveness, competitiveness and human welfare outcomes within the post-pandemic interval. Importantly, by means of our funding, we’re supporting the social and financial vibrancy of Ontarians and guaranteeing that each member of our society has entry to the expertise that yields the chance to understand their full potential.”

These important investments embody:

  • Producing new jobs to assist Ontario’s rising economic system
    Producing 9,500 jobs in Ontario over 5 years, with a concentrate on building, engineering, and rising applied sciences.
  • Delivering 5G to distant communities
    With the rollout of the three.5GHz spectrum by means of 2022 and 2023, Ontarians may have enhanced entry to TELUS’ 5G community by means of an ultrafast and dependable wi-fi connection.
    • TELUS’ global-leading wi-fi community was rated the quickest cellular community for the eighth consecutive time by UK-based Opensignal, whereas additionally incomes the title of North America’s Quickest Cell Community and being named Canada’s Quickest Cell Community by Seattle-based Ookla for the ninth consecutive time.
  • 5G Core and Multi-Entry Edge Computing
    TELUS will introduce its 5G standalone community later this yr and convey multi-access edge computing (MEC) capabilities additional advancing IoT and {industry} options and enabling necessary improvements in well being, agriculture, power, transportation, and manufacturing.
    • Our community and essential investments will assist the digitization of the economic system, and our transition to a sustainable future, together with by means of optimization of power consumption at house, discount of meals waste or clever transport programs that end in fewer emissions.
  • Supporting Ontario’s agriculture {industry}
    TELUS Agriculture is investing in built-in knowledge administration software program, serving to to scale animal well being expertise to ship priceless insights and allow a extra sustainable, responsive meals provide chain. With a complete portfolio of grower and advisor options, TELUS Agriculture helps to enhance each productiveness and profitability for farmers in Ontario, notably with field-specific nutrient administration packages geared toward growing fertilizer effectivity and maximizing yield potential.
  • Contributing to a greener Ontario and planet
    As a worldwide chief in sustainability, TELUS’ community infrastructure and investments are serving to us transition to a sustainable future by means of the digitization of the economic system, together with optimizing power consumption at house and decreasing meals waste by means of its TELUS Agriculture options.
    • The 2021 Sustainability Report outlines TELUS’ environmental, social, and governance technique and priorities which incorporates the formidable aim to make use of 100 per cent renewable power by 2025. Furthermore, TELUS’ world-leading networks allow important carbon avoidance by offering the networks required for TELUS staff members and thousands and thousands of Canadians to work remotely and keep away from commuting; entry training, healthcare, and social connections just about; and allow different companies to take their workforce digital resulting in much less power consumption in workplace buildings and fewer commuters on the street.
    • To this point, TELUS has planted greater than 800,000 timber and by the point its millionth tree is planted later this yr, it would have planted the equal of 20,000 acres of forest, which is sort of 5 instances the scale of Killbear Provincial Park.

“This is good news for the province of Ontario. Making certain that every one Canadians have entry to dependable, high-speed Web has turn out to be more and more necessary, and this funding from TELUS will assist create jobs, join Ontario, and contribute in direction of constructing an environmentally sustainable Canada,” stated The Honourable Gudie Hutchings, Minister of Rural Financial Growth. “Via initiatives just like the Common Broadband Fund, the Authorities of Canada is proud to associate with its provincial counterparts and web service suppliers like TELUS to make sure that each Canadian from coast to coast to coast will be linked to excessive velocity Web.”

From 2000 by means of 2021, TELUS has invested $220 billion nationally in community infrastructure, operations and spectrum, together with greater than $57 billion in expertise and operations in Ontario. These investments are in step with TELUS’ capital expenditure steerage for 2022, launched within the fourth quarter of 2021 earnings launch dated February 10, 2022.

These investments are crucial to offering Canadians with entry to superior expertise that connects clients to the folks, assets and knowledge that make their lives higher. TELUS is steadfast in its dedication to utilizing expertise, staff member-led innovation, and human compassion to deal with an important societal challenges of this technology and bringing actual options to the residents of Ontario and throughout Canada.

TELUS additionally embraces tax morality as a way of additional investing in our communities. Since 2000, TELUS has paid roughly $51 billion in whole tax and spectrum remittances to our federal, provincial and municipal governments throughout Canada, consisting of company earnings taxes, gross sales taxes, property taxes, employer portion of payroll taxes, numerous regulatory charges and spectrum remittances, together with greater than $2.2 billion in taxes in 2021 alone. These funds assist public works initiatives, training, healthcare, cultural pursuits and different initiatives that enhance the social and financial well-being of our communities.

TELUS’ revolutionary strategy to leveraging expertise in healthcare has supported 22 million Canadians to obtain care the place and once they want it with digital visits by means of the TELUS Well being MyCare app, giving Canadians the instruments they should see a physician or therapist from the protection and luxury of house, instantly from their smartphone.

Since 2000, TELUS, its staff members and retirees offered over $128 million in money, in-kind contributions, time and packages and volunteered 1 million hours to charities and neighborhood organizations positioned in Ontario.

Quotes:

“Our authorities is dedicated to investing in crucial broadband infrastructure to attach the folks of Ontario, and we wish to thank TELUS for his or her $23 billion funding within the province’s economic system and the 9,500 new jobs it would create. Collectively, we’re one step nearer to delivering our daring and bold plan to make sure that everybody, regardless of the place they reside, may have entry to dependable, high-speed web by 2025.”

– Vic Fedeli, Ontario’s Minister of Financial Growth, Job Creation and Commerce

“This is good news for the province of Ontario. Making certain that every one Canadians have entry to dependable, high-speed Web has turn out to be more and more necessary, and this funding from TELUS will assist create jobs, join Ontarians, and contribute in direction of constructing an environmentally sustainable Canada. Via initiatives just like the Common Broadband Fund, the Authorities of Canada is proud to associate with its provincial counterparts and Web Service Suppliers like TELUS to make sure that each Canadian from coast to coast to coast will be linked to excessive velocity Web.”

– The Honourable Gudie Hutchings, Minister of Rural Financial Growth

Ahead-Trying Statements
This information launch comprises statements about future occasions and plans which are forward-looking, together with referring to TELUS’ infrastructure, operations and spectrum funding plans. By their nature, forward-looking statements require TELUS to make assumptions and predictions and are topic to inherent dangers and uncertainties. There may be important threat that the forward-looking statements is not going to show to be correct. Readers are cautioned to not place undue reliance on forward-looking statements as quite a few elements (similar to regulatory choices and developments, the aggressive surroundings wherein we function, our working and monetary outcomes and our potential to hold out financing actions) may trigger precise capital and working expenditures to vary materially from these expressed within the forward-looking statements.

Accordingly, this information launch and the forward-looking statements made in it are topic to the cautionary observe and certified by the assumptions, {qualifications} and threat elements referred to in TELUS’ 2021 and first quarter 2022 Administration’s dialogue and evaluation, that are integrated by reference herein, and in different TELUS public disclosure paperwork and filings with securities commissions in Canada (on SEDAR at sedar.com) and in the USA (on EDGAR at sec.gov). Ahead-looking statements describe TELUS’ expectations and are primarily based on our assumptions as on the date of this press launch and are topic to alter. Besides as required by legislation, TELUS disclaims any intention or obligation to replace or revise forward-looking statements.

About TELUS
TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading communications expertise firm with $17 billion in annual income and 17 million buyer connections spanning wi-fi, knowledge, IP, voice, tv, leisure, video, and safety. Our social goal is to leverage our global-leading expertise and compassion to drive social change and allow exceptional human outcomes. Our longstanding dedication to placing our clients first fuels each facet of our enterprise, making us a definite chief in customer support excellence and loyalty. The quite a few, sustained accolades TELUS has earned over time from unbiased, industry-leading community perception corporations showcase the power and velocity of TELUS’ global-leading networks, reinforcing our dedication to offer Canadians with entry to superior expertise that connects us to the folks, assets and knowledge that make our lives higher.

TELUS Well being is Canada’s chief in digital well being expertise, enhancing entry to well being and wellness companies and revolutionizing the circulation of well being info throughout the continuum of care. TELUS Agriculture gives revolutionary digital options all through the agriculture worth chain, supporting higher meals outcomes from improved agri-business knowledge insights and processes. TELUS Worldwide (TSX and NYSE: TIXT) is a number one digital buyer expertise innovator that designs, builds, and delivers next-generation options, together with AI and content material moderation, for international and disruptive manufacturers throughout high-growth {industry} verticals, together with tech and video games, communications and media and ecommerce and FinTech. TELUS and TELUS Worldwide function in 28 nations world wide.

Pushed by our willpower and imaginative and prescient to attach all residents for good, our deeply significant and enduring philosophy to offer the place we reside has impressed TELUS, our staff members and retirees to contribute greater than $900 million in money, in-kind contributions, time and packages and 1.8 million days of service since 2000. This unprecedented generosity and unparalleled volunteerism have made TELUS essentially the most giving firm on the earth. Collectively, let’s make the longer term pleasant.

For extra details about TELUS, please go to telus.com, observe us @TELUSNews on Twitter and @Darren_Entwistle on Instagram.

For media inquiries, please contact:

Liz Sauvé
TELUS Public Relations
liz.sauve@telus.com



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