Welcome!

News Feed Item

TELUS Acquires 16.6 MHz of National Spectrum for $1.14B

New spectrum to be fully operationalized for the benefit of Canadians well in advance of required timeframe;

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/19/14 -- (TSX: T)(NYSE: TU) - TELUS today announced it has secured spectrum licences equating to a national average of 16.6 MHz in Canada's recently concluded 700 MHz spectrum auction. These licences, which were acquired for $1.14 billion, will enable TELUS to deliver enhanced mobile broadband connectivity to its consumer and business customers nationwide, building on its existing national 4G LTE network, already one of the fastest and most reliable wireless networks in the world. The highly competitive auction marks the first time 700 MHz spectrum has been made available to Canadian wireless carriers. This band of spectrum is prized for its ability to penetrate into buildings and propagate over long distances.

"The acquisition of this spectrum will ensure TELUS continues to deliver world-class speed, coverage and reliability," said TELUS President and CEO Darren Entwistle. "Canadians lead the world in wireless data consumption, and the deployment of next generation technology is critical to ensuring that we continue to provide advanced services to our customers. Today we deliver 4G LTE to 80 per cent of Canada's population. The addition of this 700 MHz spectrum will enable us to expand our LTE coverage into rural areas, extending TELUS' national 4G LTE network to 97 per cent of the population well in advance of the auction's build requirements. Moreover, the spectrum will enable us to further enhance our coverage in urban areas, adding much needed capacity for our more than 7.8 million customers. Indeed, we have already begun to prepare our wireless cell sites to deploy 700 MHz spectrum, and plan to begin operationalizing the spectrum for the benefit of our customers as soon as it is made available to us later this year. Given our strong balance sheet, TELUS is able to make this and other investments in our networks and services while continuing to return significant amounts of cash to shareholders through our multi-year share purchase and dividend growth programs, which will continue unabated."

Mr. Entwistle added, "Canada has the highest private sector investment per access path in telecom networks in the world. Indeed, according to OECD data, Canadian carriers invest three times the world average in infrastructure per subscriber. This investment in world-leading networks has resulted in Canada having wireless data speeds that are the second fastest in the world, with Canadian subscribers experiencing speeds more than twice the typical speeds in Germany and Italy, three times the average speeds offered in the U.S. and France, and nine times faster than the U.K. Clearly, this has underpinned Canada having the third-highest rate of smartphone penetration in the world."

Mr. Entwistle continued, "TELUS alone has invested more than $2.4 billion in spectrum-related costs since the 2008 AWS auction, and has invested more than $30 billion in technology across the country since 2000. Likewise, Canadian carriers have invested approximately $10.5 billion in spectrum-related costs since 2008, equating to $381 for each Canadian wireless subscriber. At the end of the day, it is not technology in and of itself that matters, but rather the service quality through which it is delivered and the commercial and social outcomes it realizes for customers. In this regard, TELUS has been recognized as standing apart from the competition by our industry's complaints commissioner, analysts including J.D. Power and Associates, and our customers themselves."

Mr. Entwistle concluded, "The significant cost of spectrum is competing with the higher levels of investment required for Canada's digital economy. Our industry's ability to invest in Canadian innovation that drives economic growth for small businesses, as well as better educational opportunities and healthcare outcomes, is fundamental to Canada's competitiveness and the well-being and prosperity of its citizens. Going forward, Canada's policy objectives need to take these factors into explicit consideration."

TELUS' national average of 16.6 MHz of spectrum in the 700 MHz band is comprised of the following licences:


----------------------------------------------------------------------------
Region                                        Frequency      Spectrum
                                              Blocks         Acquisition
----------------------------------------------------------------------------
Southern Ontario, Northern Ontario, Northern  C2             10 MHz
Quebec, New Brunswick, Nova Scotia & PEI,
Newfoundland & Labrador
----------------------------------------------------------------------------
Yukon, Northwest Territories & Nunavut        C              10 MHz
----------------------------------------------------------------------------
British Columbia, Alberta, Eastern Ontario,   C, D, E        20 MHz
Southern Quebec, Eastern Quebec
----------------------------------------------------------------------------
Saskatchewan, Manitoba                        A, B, D, E     30 MHz
----------------------------------------------------------------------------

Forward Looking Statements

This media release contains statements about future events, including with respect to spectrum deployment and network build-out plans, and our multi-year dividend growth and normal course issuer bid programs that are forward-looking. By their nature, forward-looking statements require the company 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 and there can be no assurances that TELUS will complete these plans or maintain these programs. Future dividend payments and share purchases through TELUS' normal course issuer bid are subject to ongoing Board assessment and approval. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors (such as regulatory and government decisions, competitive environment, our earnings and free cash flow, and capital expenditures and spectrum licence purchases, and a change in our intention to purchase shares or increase dividends) could cause actual future performance and events to differ materially from that expressed in the forward-looking statements. 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 Canada's fastest-growing national telecommunications company, with $11.4 billion of annual revenue and 13.3 million customer connections, including 7.8 million wireless subscribers, 3.3 million wireline network access lines, 1.4 million Internet subscribers and 815,000 TELUS TV customers. Led since 2000 by President and CEO, Darren Entwistle, TELUS provides a wide range of communications products and services, including wireless, data, Internet protocol (IP), voice, television, entertainment and video.

In support of our philosophy to give where we live, TELUS, our team members and retirees have contributed more than $350 million to charitable and not-for-profit organizations and volunteered 5.4 million hours of service to local communities since 2000. 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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Cloud Expo, Inc. has announced today that Aruna Ravichandran, vice president of DevOps Product and Solutions Marketing at CA Technologies, has been named co-conference chair of DevOps at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
Join IBM November 2 at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how to go beyond multi-speed it to bring agility to traditional enterprise applications. Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls ...
NHK, Japan Broadcasting, will feature the upcoming @ThingsExpo Silicon Valley in a special 'Internet of Things' and smart technology documentary that will be filmed on the expo floor between November 3 to 5, 2015, in Santa Clara. NHK is the sole public TV network in Japan equivalent to the BBC in the UK and the largest in Asia with many award-winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology and will be covering @ThingsExpo Silicon Val...
Translating agile methodology into real-world best practices within the modern software factory has driven widespread DevOps adoption, yet much work remains to expand workflows and tooling across the enterprise. As models evolve from pockets of experimentation into wholescale organizational reinvention, practitioners find themselves challenged to incorporate the culture and architecture necessary to support DevOps at scale. In his session at @DevOpsSummit at 20th Cloud Expo, Anand Akela, Senior...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...