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TELUS to Invest $129 Million in City of Vancouver in 2023 as Part of its Overall $18.5 Billion BC Commitment
Thursday, June 8, 2023Company Profile | Follow Company
Burnaby, BC, June 8, 2023--(T-Net)--TELUS announced today that it is investing $129 million in Vancouver this year as part of their $18.5 billion investment in infrastructure, operations, and spectrum across British Columbia through 2027.
The company also announced similar investments in other cities around BC today including Richmond, North Vancouver, Victoria, Kamloops, New Westmeinster, Nanaimo, Abbotsford, Saanich, Prince George, Chilliwack and Delta.
Since 2000, TELUS says it has invested more than $59 billion in British Columbia alone, building global leading industry networks and has been recognized as B.C's top broadband network by Opensignal.
Darren Entwistle, President and CEO, TELUS Communications Inc.
"As a company that has been headquartered in Western Canada for more than 125 years, TELUS' $18.5 billion investment in British Columbia will further amplify the superiority of our world-leading wireless and PureFibre networks, enabling vital connectivity for millions of citizens across the province. This builds on the more than $59 billion TELUS has invested in network infrastructure, operations, and spectrum across British Columbia since 2000," said Darren Entwistle, President and CEO of TELUS.
"Our globally recognized networks are the backbone of our digital economy and societies, driving innovation and uplifting marginalized communities. This investment will help ensure that British Columbians can stay connected to what matters most, including healthcare, safe and healthy food, online education, friends and family, and the flexibility to work remotely; all with the accompanying environmental benefits."
"Everyone, everywhere in B.C. needs access to reliable, high-speed internet to be able to work, learn and stay in touch with friends and family," said Lisa Beare, Minister of Citizens' Services. "The investments that TELUS is making, along with our government's investments in the Connecting BC and Connecting Communities BC programs, support economic opportunities and growth across B.C."
"Today's announcement from TELUS is a strong vote of confidence in Vancouver's future," said Mayor Ken Sim, City of Vancouver. "This significant investment in our digital infrastructure will help elevate Vancouver's position as a leading hub for technology and innovation while enhancing connectivity for businesses and residents alike. We applaud TELUS for their continued commitment to Vancouver."
About TELUS
TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading communications technology company with more than $18 billion in annual revenue and 18 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.
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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