U.S. markets closed
  • S&P 500

    3,585.62
    -54.85 (-1.51%)
     
  • Dow 30

    28,725.51
    -500.10 (-1.71%)
     
  • Nasdaq

    10,575.62
    -161.89 (-1.51%)
     
  • Russell 2000

    1,664.72
    -10.21 (-0.61%)
     
  • Crude Oil

    79.74
    -1.49 (-1.83%)
     
  • Gold

    1,668.30
    -0.30 (-0.02%)
     
  • Silver

    19.01
    +0.30 (+1.62%)
     
  • EUR/USD

    0.9801
    -0.0018 (-0.19%)
     
  • 10-Yr Bond

    3.8040
    +0.0570 (+1.52%)
     
  • GBP/USD

    1.1166
    +0.0043 (+0.38%)
     
  • USD/JPY

    144.7200
    +0.2770 (+0.19%)
     
  • BTC-USD

    19,304.29
    -83.90 (-0.43%)
     
  • CMC Crypto 200

    443.49
    +0.06 (+0.01%)
     
  • FTSE 100

    6,893.81
    +12.22 (+0.18%)
     
  • Nikkei 225

    25,937.21
    -484.84 (-1.83%)
     

TELUS invests $20 million to roll out PureFibre and 5G networks in the Lower St. Lawrence

·8 min read
TELUS Communications Inc
TELUS Communications Inc

99 per cent of households in TELUS' territory already have access to the PureFibre network for work, education, entertainment, and virtual healthcare

TELUS on track to complete its network deployments related to the Operation High-Speed program by September 2022

RIMOUSKI, Quebec, May 26, 2022 (GLOBE NEWSWIRE) -- Today, TELUS announces a $20 million private investment in the Lower St. Lawrence region for a new wireless site in Saint-Damase and the rollout of its PureFibre network in the communities of Saint-Mathieu-Rioux and Lac-des-Aigles, and in the Lac Taché sector of Rimouski's ZEC (Controlled Development Zone). The investment is paired with $1.8 million from the Canadian and Quebec governments as part of the Operation High Speed program (Éclair I component), and will bridge the digital divide by fostering digital innovation in local businesses, promoting the tourism industry, attracting young workers and families, and accelerating the development of virtual services in health and education.

"Our 1,400 team members and ecosystem of partners in the Lower St. Lawrence region are using technology to create a better future for citizens by bridging the digital divide with our world-class networks," says Nathalie Dionne, TELUS' Interim Vice-President, Home Solutions and Customer Excellence in Quebec. "Ninety-nine per cent of families and businesses in our Quebec territory are connected to our PureFibre network, and we continue to invest with the objective of connecting all households to high speed Internet by September 2022. We also applaud the Quebec government's commitment to improving wireless coverage in our regions, with a $50 million investment in their most recent budget. Today, broadband connectivity is more than a commodity: it is necessary to our work, entertainment, education, and access to improved healthcare. Most importantly, it empowers our regions to grow, fast-track their environmental transition, and dynamically promote their attractions."

TELUS' investment along with the committed government support will help to initiate and advance the following projects:

  • Deployment of the PureFibre network to 400 families and businesses in Saint-Mathieu-de-Rioux and Lac-des-Aigles as well as the Lac Taché sector of Rimouski's ZEC. These households have home access to optic fibre Internet, the world's fastest and most reliable Internet technology. PureFibre offers ultra-fast symmetrical speeds along with nearly infinite bandwidth so everyone can work, stream, game, or make video calls at the same time. It also supports the entire TELUS family of superior home products and services, which includes a wide selection of connected healthcare services and advanced security, home automation, and entertainment solutions.

  • Construction of new wireless sites in Saint-Damase for expanded 5G coverage in the community. As it continues to evolve, 5G technology will be instrumental in making our cities smarter and greener, transforming agriculture, improving healthcare, and further advancing connected homes and autonomous cars.

  • Ongoing support for local organizations and vulnerable families in the Lower St. Lawrence region. Since 2000, TELUS and its active and retired team members have provided more than 600,000 volunteer hours and more than $10 million in cash contribution to support local organizations, including the Fondation du Centre hospitalier régional de Rimouski, Association du cancer de l’Est du Québec, Fondation de l’UQAR, Maison La Débrouille and Les Amis des Jardins de Métis. TELUS Mobility and TELUS Internet for Good programs also provide low-cost services to vulnerable youth, seniors, families, and people with disabilities.

Quotes:

  • “With the advent of remote work, and to ensure the social and economic development of Quebec’s different regions, access to a high speed Internet connection is essential. Nowadays, our work, classes, social contacts and even medical consultations all happen online, so all Quebec residents need access to the technologies that will allow them to take advantage of those opportunities,” says Gilles Bélanger, parliamentary assistant to the Premier of Quebec for high speed Internet issues. “We want a Quebec that is modern, prosperous and future-oriented, and achieving those goals would be inconceivable without quality high speed Internet service. Over the past few months, thanks to our collaboration with various partners including TELUS, we have been able to overcome a number of different challenges we’ve encountered, and we’re proud of the progress we’ve made.”

  • "This is excellent news for the residents of Saint-Mathieu-de-Rioux, Lac-des-Aigles and the Lac Taché sector in Rimouski," says Maxime Blanchette Joncas, Bloc Québécois MP for Rimouski-Neigette—Témiscouata — Les Basques. "Each improvement in connectivity in the region represents a concrete step towards a more prosperous and dynamic Lower St. Lawrence. Access to high speed Internet is essential, whether for professional, entrepreneurial or personal purposes. It is crucial to continue to invest so that everyone can enjoy the opportunities of connectivity."

  • "In 2020, Saint-Mathieu-de-Rioux entered the digital age with the long-awaited arrival of cellular coverage in our community," says Roger Martin, Mayor of Saint-Mathieu-de-Rioux. "With the 5G rollout in 2021 and the arrival of optic fibre this year, our community is on a roll. Our population is growing and more families are interested in moving to our beautiful region. TELUS and government investments have added momentum to our community's economic development and growing tourist attractions. When it comes to connectivity, we don't have to be envious of big cities."

  • "We welcome TELUS' private investment, as Lac-des-Aigles now has access to the very best in high speed Internet service with optic fibre to homes and businesses," says Pierre Bossé, Mayor of Lac-des-Aigles. "This type of connectivity is crucial, whether it's for working online, distance learning or access to virtual healthcare. Optic fibre also allows our businesses to equip themselves with the technology they need to excel, making our region even more attractive for families looking to relocate here."

Ongoing investments for a better future

TELUS plans to invest $70 billion in Canada by 2026, including $11 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. As part of the Operation High Speed program (Éclair I component), the Federal and Provincial governments have allocated $26 million to TELUS for broadband Internet deployment to nearly 5,000 homes. TELUS' additional funding will connect an additional 25,000 families and businesses to the PureFibre network by September 2022 in the Eastern Quebec, Capitale-Nationale, Chaudière-Appalaches, Mauricie and Estrie regions.

The investments announced today are consistent with TELUS’ capital expenditure guidance for 2022, released in the fourth quarter of 2021 earnings release dated February 10, 2022.

Forward-Looking Statements

This news release contains statements about future events and plans that are forward-looking, relating to TELUS’ infrastructure, operations and spectrum investment plans. By their nature, forward-looking statements require TELUS 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 as a number of factors (such as regulatory decisions and developments, the competitive environment in which we operate, our operating and financial results and our ability to carry out financing activities) could cause actual capital and operating expenditures to differ materially from those expressed in the forward-looking statements.

Accordingly, this news release and the forward-looking statements made in it are subject to the cautionary note and qualified by the assumptions, qualifications and risk factors referred to in TELUS’ 2021 and first quarter 2022 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. Except as required by law, TELUS disclaims any intention or obligation to update or revise forward-looking statements.

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.

Consistent with our community philosophy of "We give where we live" and our commitment to connecting all citizens to make the world a better place, TELUS team members, current and retired, have donated more than $900 million and 1.8 million volunteer days to the community since 2000. Their unprecedented generosity and outstanding contributions have made TELUS the world's largest corporate donor. Together, we're making the future friendly.

For more information about TELUS, visit telus.com and follow us on Twitter (@TELUSnews) and Instagram (@Darren_Entwistle).

For more information, please contact:

Jacinthe Beaulieu
TELUS Media Relations
Jacinthe.beaulieu@telus.com