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TELUS invests $8 million in the Chaudire-Appalaches region
Globe Newswire 25-May-2023 9:00 AM
These investments are paired with a significant contribution from the Government of Quebec and the CRTC, allowing for the deployment of new wireless sites and improving connectivity in remote regions
99 per cent of households in the territory served by TELUS already have access to the PureFibre network for work, education, entertainment and virtual health care
SAINTE-MARIE, Quebec, May 25, 2023 (GLOBE NEWSWIRE) -- TELUS is pleased to announce an $8 million private investment in the Chaudière-Appalaches region this year to deploy and update its PureFibre and 5G networks. This investment is paired with the financial contribution of $2.58 million from the Government of Quebec and $1.6 million from the CRTC (Canadian Radio-television and Telecommunications Commission), which will accelerate the deployment of four new wireless sites in the Montmagny and L'Islet RCM in order to improve connectivity between Saint-Paul and Saint-Fabien-de-Panet, as well as on Route 204 between Saint-Pamphile and Saint-Adalbert. TELUS' PureFibre network will also be deployed in Saint-Léon-de-Standon, Leclercville and at Camping de Val-Alain. Planning and preparatory work for the wireless sites will begin in 2023, and TELUS plans for the first sites to be operational starting in 2024.
"Connectivity is a true social and community driver of education, digital health care, and economic possibilities, as well as sustainable and modern agriculture. Most importantly, it empowers our regions to grow, fast-track their environmental transition and promote their attractions," says Nathalie Dionne, TELUS Interim Vice-President, Home Solutions and Customer Experience, Quebec. "Ten years ago, we began the ambitious deployment of our PureFibre network, which uses the most sustainable technology available. As of last September, 99 per cent of families and businesses in the territory that we serve in Quebec have access to this technology, and we are very proud of that. Although our private investments are crucial, we commend the commitments from the Government of Quebec and the CRTC to improve wireless coverage in these regions."
"The mayors of the municipalities of L'Islet and I are pleased to learn that TELUS is investing to continue to build and develop wireless networks in our region," says Anne Caron, prefect of the L'Islet RCM. "High-speed connectivity will expand our potential to continue developing and remain appealing for everyone. This investment will guarantee a promising future in our RCM."
"High-speed Internet is crucial to ensure the Montmagny RCM remains dynamic and innovative," says Jocelyne Caron, prefect of the Montmagny RCM. "These announcements will support the initiatives in our local action plan for the economy and employment aimed at better positioning the region to have 30,000 residents in the territory (15,000 in Montmagny) by 2030."
Ongoing investments for a better future
TELUS plans to invest $81.2 billion in Canada by 2027, including $11.5 billion in the Quebec economy, for its infrastructure, operations and spectrum licensing, and to improve the coverage, speed and reliability of its world-class networks.
In addition to these significant investments, the TELUS team is driven by a desire to bring about positive social changes in the communities where it operates. Since 2000, TELUS and its active and retired team members have contributed more than 90,000 volunteer hours and donated more than a million dollars to local organizations, including Moisson Beauce, the Centre de pédiatrie sociale de Lévis, the Fondation Jeunes en Tête and the Maison de la Famille Nouvelle-Beauce and Centre pédiatrie sociale en communauté. Also, thanks to the Connecting for Good programs, TELUS has allowed more than 20,500 vulnerable people in Quebec to have access to technologies in order to stay connected to what matters to them the most. TELUS team members in the region have also taken part in National Volunteer Week, in partnership with Centres d'action bénévole du Québec, and actively participate in TELUS Days of Giving, by cleaning up a neighbourhood park, providing career advice to young people, offering grocery products to a neighbour in need or by supporting local charities.
The investments announced in this news release reflect TELUS' overall capital expenditure guidance for 2023, which was released on February 9, 2023, during the company's fourth financial quarter of 2022.
Forward-Looking Statements
This news release contains statements about future events and plans that are forward-looking, including statements relating to TELUS' infrastructure, operations and spectrum investment plans, anticipated connections to our PureFibre network footprint, and our environmental targets. These forward-looking statements are made based on a number of assumptions and readers are cautioned not to place undue reliance on them as there is a significant risk that actual results may vary materially from these forward-looking statements, including as a result of risks relating to regulatory decisions and developments, the competitive environment in which we operate, and our operating and financial results.
The forward-looking statements in this news release are subject to the cautionary note and based on the assumptions, qualifications and risks described in detail in TELUS' 2022 and first quarter 2023 Management's discussion and analysis, which are incorporated by reference herein, 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). Forward-looking statements describe TELUS' expectations and are based on our assumptions as at the date of this press release and are subject to change. 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. Forward-looking statements describe TELUS' expectations and are based on our assumptions as at the date of this press release and are subject to change.
About TELUS
TELUS (TSX:T, NYSE:TU) is a dynamic, world-leading communications technology company with over $18 billion in annual operating revenue and 18 million customer connections to its wireless, data, voice, IP, television, video, entertainment and security services. Our social purpose is to leverage our global-leading technology and compassion to drive social change and enable remarkable human outcomes. Our focus has always been on our customers. That focus is reflected in everything we do and has earned us a reputation as a trusted and respected leader in customer loyalty and service. Every year, TELUS receives numerous awards from independent companies known for their network expertise. These awards validate the power and speed of our world-class networks and confirm our commitment to providing Canadians with superior technologies that connect them to the people, resources and information that enrich their lives.
Operating in 31 countries around the world, TELUS International (NYSE:TIXT) is an innovative digital customer experience company. It designs, produces and delivers next-generation content moderation and artificial intelligence solutions for global marketers. It is active in strategic sectors including technology and gaming, communications and media, and e-commerce and financial technology.
TELUS Health is a world-leading healthcare company which provides preventative, primary healthcare and wellness solutions for employees and their families. Our TELUS team and 100,000 other health professionals are leveraging the combination of TELUS' strong digital and data analytics capabilities with our unsurpassed client service to dramatically improve remedial, preventative and mental health outcomes for 67 million people around the world. As the largest data intelligence and digital solutions provider of its kind, TELUS Agriculture & Consumer Goods supports efficient and sustainable farming from seed to the supermarket. By providing end-to-end traceability, it helps to increase the safety and quality of food and other consumer products.
Consistent with our community philosophy of "We give where we live" and our passionate commitment to connecting all citizens to make the world a better place, TELUS team members, both current and retired, have donated more than $1.5 billion and $2 million volunteer days to the community 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.
For more information about TELUS, visit telus.com and follow us on Twitter (@TELUSnews) and Instagram (@Darren_Entwistle).
