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TELUS to Invest $17.5 Billion in Network Infrastructure, Operations, and Spectrum Across British Columbia Over Next Four Years
Wednesday, May 18, 2022Company Profile | Follow Company
TELUS broadband networks and technology are accelerating Canada's digital economy by enabling online healthcare, education and teleworking flexibility
Investments in network infrastructure, operations, and spectrum will contribute to the economic development of B.C. and generate thousands of new jobs
Burnaby, BC, May 18, 2022--(T-Net)--TELUS announced today the investment of $17.5 billion in network infrastructure, operations, and spectrum across British Columbia over the next four years and has committed to investing $70 billion overall across Canada by 2026.
Darren Entwistle, President and CEO, TELUS Communications Inc.
"This generational $17.5 billion investment in British Columbia is a true demonstration of TELUS' long-standing commitment to improving the lives of Canadians by connecting communities from coast-to-coast with our world-leading wireless 5G and PureFibre networks," said Darren Entwistle, President and CEO of TELUS.
"Our broadband technology is supporting critical, transformational change in respect of enabling online healthcare, education and teleworking flexibility, and accelerating Canada's digital economy and society for heightened productivity, competitiveness and human welfare outcomes in the post-pandemic period. Importantly, through our investment, we are supporting the social and economic vibrancy of British Columbia and ensuring that every member of our society has access to the technology that yields the opportunity to realize their full potential."
These significant investments include:
A PureFibre connection is more sustainable and resilient compared to copper networks because it uses less power and produces fewer greenhouse gas emissions, according to the company.
In both communities, this means their new communications infrastructure will be more robust and stronger in the face of extreme weather events such as wildfires and floods, making the communities safer during an emergency.
As a global leader in sustainability, TELUS says its network infrastructure and investments are helping us transition to a sustainable future through the digitization of the economy, including optimizing energy consumption at home and reducing food waste through its TELUS Agriculture solutions.
Since 2000 through 2021, TELUS has invested $220 billion nationally in network infrastructure, operations and spectrum, including more than $57 billion in network infrastructure, operations and spectrum in B.C. The investments announced in this media release are consistent with TELUS' capital expenditure guidance for 2022, released in the fourth quarter of 2021 earnings release dated February 10, 2022.
These investments are critical to provide Canadians with access to superior technology that connects us to the people, resources and information that make our lives better. TELUS is steadfast in its commitment to using technology, team member-led innovation, and human compassion to address the most important societal challenges of our generation and bringing real solutions to the residents of B.C.
TELUS also embraces tax morality as a means of further investing in our communities. Since 2000, TELUS has paid approximately $51 billion in total tax and spectrum remittances to our federal, provincial and municipal governments across Canada, including more than $2.2 billion in taxes in 2021 alone. These funds support public works projects, education, healthcare, cultural pursuits and other initiatives that improve the social and economic well-being of our communities.
TELUS' approach to leveraging technology in healthcare has supported 22 million Canadians to receive care where and when they need it with virtual visits since March 2020 through the MyCare by TELUS Health App, giving Canadians the tools they need to see a doctor or therapist from the safety and comfort of home, directly from their smartphone.
Since 2000, TELUS, their team members and retirees provided over $250 million in cash, in-kind contributions, time and programs and volunteered 7 million hours to charities and community organizations located in British Columbia, including giving more than $40 million in cash and in-kind contributions in 2021 alone.
Earlier this year, TELUS announced the expansion of the TELUS Vancouver and Coastal Community Board and the TELUS Interior and Northern BC Community Board, to support even more communities across the province. Since 2005, B.C. Community Boards have given $13 million in cash donations to local charities. TELUS also launched the TELUS Indigenous Communities Fund, offering grants up to $50,000 for Indigenous-led social, health and community programs.
"This is excellent news for the province of British Columbia. Ensuring that all Canadians have access to reliable, high-speed Internet has become increasingly important, and this investment from TELUS will help create jobs, connect British Columbians, and contribute towards building an environmentally sustainable Canada. Through initiatives like the Universal Broadband Fund, the Government of Canada is proud to partner with its provincial counterparts and Internet Service Providers like TELUS to ensure that every Canadian from coast to coast to coast can be connected to high speed Internet." stated Gudie Hutchings, Minister of Rural Economic Development.
About TELUS
TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading communications technology company with $17 billion in annual revenue and 17 million customer connections spanning wireless, data, IP, voice, television, entertainment, video, and security. Our social purpose is to leverage our global-leading technology and compassion to drive social change and enable remarkable human outcomes. Our longstanding commitment to putting our customers first fuels every aspect of our business, making us a distinct leader in customer service excellence and loyalty. The numerous, sustained accolades TELUS has earned over the years from independent, industry-leading network insight firms showcase the strength and speed of TELUS' global-leading networks, reinforcing our commitment to provide Canadians with access to superior technology that connects us to the people, resources and information that make our lives better.
TELUS Health is Canada's leader in digital health technology, improving access to health and wellness services and revolutionizing the flow of health information across the continuum of care. TELUS Agriculture provides innovative digital solutions throughout the agriculture value chain, supporting better food outcomes from improved agri-business data insights and processes. TELUS International (TSX and NYSE: TIXT) is a leading digital customer experience innovator that designs, builds, and delivers next-generation solutions, including AI and content moderation, for global and disruptive brands across high-growth industry verticals, including tech and games, communications and media and ecommerce and FinTech. TELUS and TELUS International operate in 28 countries around the world.
Driven by our determination and vision to connect all citizens for good, our deeply meaningful and enduring philosophy to give where we live has inspired TELUS, our team members and retirees to contribute more than $900 million and 1.8 million days of service since 2000. This unprecedented generosity and unparalleled volunteerism have made TELUS the most giving company in the world. Together, let's make the future friendly.
Forward-looking Statements: These statements are made pursuant to the "safe harbour" provisions of applicable securities laws in Canada and the United States Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements are subject to inherent risks and uncertainties and are based on assumptions, including assumptions about future economic conditions and courses of action. These assumptions may ultimately prove to have been inaccurate and, as a result, our actual results or events may differ materially from our expectations expressed in or implied by the forward-looking statements. |
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