To mark its 85th anniversary in Quebec, TELUS is expanding 4G LTE in Montreal, the most advanced and fastest wireless technology available in the world.
Montreal, Quebec – TELUS will invest $440 million in the Metropolitan area of Montreal and $840 million in Quebec over the next three years. The investment in the region will support the deployment of TELUS’ 4G LTE (long-term evolution) wireless network. This major announcement coincides with TELUS’ 85th anniversary in Quebec and brings the company’s investment in the province to $12.3 billion since 2000.
“TELUS is an employer of choice and leader in the telecommunications sector in Québec. We are committed to contribute to the prosperity and well-being of the province and all its regions as we believe leading edge technologies and robust infrastructure can be the foundation of a stronger economy. That’s why we will continue to invest in cutting-edge technology and infrastructure for consumer, business and healthcare markets,” said François Côté, President of TELUS Québec and TELUS Health Solutions. “Our customer loyalty is the highest in the industry, thus our significant growth in Quebec is due to the highest levels of trust and satisfaction our customers have in TELUS. We are also very grateful for the work of our 3,300 employees in the metropolitan area for their support and dedication to our customers.”
The $440 million investment will support the following initiatives:
“Our community involvement is just as important and close to our hearts as our infrastructure investments. At TELUS, we adhere to a rather simple philosophy that goes a long way - we give where we live,” said Mr. Côté. “Since 2005, TELUS, our team members and our three TELUS Community Investment Boards in this province have donated close to $30 million to support local Quebec organizations, Le Phare Enfants et Familles, the Dr. Julien Foundation and L’Itinéraire. Last year, our 5,500 team members in Quebec volunteered a total of 57,000 hours. In 2012, TELUS is committed to donate an additional $5 million, namely to support innovative community projects that help our youth.”
The capital investment disclosed in this release is consistent with TELUS' overall capital expenditure guidance for 2012.
About TELUS in Quebec
A vibrant corporate presence in Quebec for nearly 85 years, TELUS currently employs over 5,500 team members in the province. Since 2000, the company has invested nearly $12.3 billion in Quebec’s economy and infrastructure development. A Canadian industry leader, TELUS offers Quebec communities access to state-of-the-art global communication technologies, at home and in the workplace. Faithful to the motto “we give where we live,” TELUS has donated close to $30 million in Quebec since 2005 to support local organizations. Registered charities wishing to submit project funding requests to a TELUS Community Board are invited to apply at any time via the website telus.com/communautaire.
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 mobile and wireline communication services, including data, voice, IP, video and entertainment.
In support of our philosophy to give where we live, TELUS, our team members and retirees have contributed more than $260 million to numerous 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
This news release contains forward-looking statements regarding further LTE coverage expansion, LTE device availability and content library growth. 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, TELUS disclaims any intention or obligation to update or revise forward-looking statements.
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