TELUS investing $15 million to bring fibre optic technology to L’Islet and Montmagny
TELUS is deploying its PureFibre network in 11 rural communities
Montmagny, Quebec – TELUS announced today an investment of $15 million to bring its PureFibre network to 10 communities in the L’Islet RCM (Regional community municipalities) and to Sainte-Apolline-de-Patton in the Montmagny RCM. This investment includes a financial contribution of $1.9 million from the federal Connect to Innovate and provincial Québec branché programs. With this ambitious project, TELUS is literally building a bridge to the future for residents, businesses, and service providers, giving them the tools to innovate locally, compete globally and deliver better health, education and social outcomes.
“Our 2,000 team members in Quebec rural communities eagerly tackle every technological hurdle when deploying high-speed networks in Quebec’s remote areas to bridge the digital divide. Thanks to TELUS’s commitment to its customers, 19,000 families and businesses in L’Islet and Montmagny will gain a direct access to the best and fastest Internet technology, while some of the world’s major cities don’t,” says Marie-Christine D’Amours, TELUS Vice President, Consumer and Small Business Solutions and Quebec Customer Experience. “Fibre-to-the-home provides lightning fast symmetrical download speeds, which are crucial with the growing popularity of online applications such as virtual healthcare, smart homes, videogames and advanced collaboration tools like immersive video conferencing. It enables local businesses to seize the opportunities of the digital age, and will support the increasingly connected future generations.”
TELUS has already begun deploying its PureFibre network in the region and the technology is already available in Saint-Aubert. The work will continue through the summer with further investments next year. By the end of 2020, 99 percent of local families and businesses in L’Islet will enjoy a direct access to the TELUS fiber-to-the-home network. TELUS is also completing the installation of an advanced wireless microcell network in downtown L’Islet, which will offer TELUS customers improved coverage with higher speeds and capacities.
The 10 communities that will benefit from TELUS fibre-to-the-home investments in L’Islet are Saint-Adalbert, Saint-Aubert, Saint-Cyrille-de-Lessard, Saint-Damase-de-L’Islet, Sainte-Félicité, Sainte-Perpétue, Saint-Marcel, Saint-Omer, Saint-Pamphile and Tourville. This is in addition to the communities of L’Islet, Saint-Jean-Port-Joli and Saint-Roch-des-Aulnaies, which have had access to the PureFibre network since 2017.
“TELUS’s investment is a major driver in the economic, sustainable and dynamic development of our RCM’s territory,” says René Laverdière, prefect of the L’Islet RCM. “The high speed connection brings many possibilities for local families and businesses. Whether they’re working in agriculture, healthcare, tourism or manufacturing, our entrepreneurs will have access the needed technology tools to compete internationally and our community will be even more attractive to families.”
Bridging the digital divide with technology and giving
Between 2013 and 2021, TELUS will have invested more than $300 million to expand its PureFibre network in the eastern part of Quebec with $72 million in support from the federal and provincial governments. Within the next two years, the company plans to offer direct fibre access to 93 percent of Greater Quebec City and Eastern Quebec residents. Nationwide, TELUS has invested over $175 billion in its infrastructure and operations since 2000 and plans to add approximately $40 billion in the next three years, for a total of $215 billion.
Winner of the 2018 Mercure prize for “Engagement within the Investors Group”, TELUS is committed to giving, and to lending a helping hand to charities in Chaudière-Appalaches. In the past five years, TELUS has donated nearly $1.4 million to local charities including the Fondation de l’école secondaire Louis-Jacques-Casault and the Montmagny’s Carrefour jeunesse-emploi and Carrefour mondial de l’accordéon.
The investments announced in this media release are consistent with TELUS’ capital expenditure guidance for 2019, which was released in our fourth quarter of 2018 earnings release dated February 14, 2019.
This news release contains statements about future events and plans that are forward-looking, including relating to TELUS’ infrastructure 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’ 2018 and first quarter 2019 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 statement 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.
TELUS (TSX: T, NYSE: TU) is one of Canada’s largest telecommunications companies, with $14.5 billion of annual revenue and 14.0 million subscriber connections, including 9.7 million wireless subscribers, 1.9 million Internet subscribers, 1.2 million residential voice and 1.1 million TELUS TV customers. TELUS provides a wide range of communications products and services, including wireless, data, Internet protocol (IP), voice, television, entertainment, video and home and business security. TELUS is also Canada's largest healthcare IT provider, and TELUS International delivers business process solutions around the globe.
In support of our philosophy to give where we live, TELUS, our team members and retirees have contributed over $690 million to charitable and not-for-profit organizations and volunteered more than 1.3 million days of service to local communities since 2000. Created in 2005 by President and CEO Darren Entwistle, TELUS’ 13 Canadian community boards and five International boards have led the Company’s support of grassroots charities and have contributed $72 million in support of 7,000 local charitable projects, enriching the lives of more than 2 million children and youth, annually. 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.
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