TORONTO – The first ever Telus Ventures Summit kicked off Thursday at Toronto’s MaRS discovery district. The one-day event was an opportunity for entrepreneurs to discuss and share their vision of market opportunities and identify areas of potential collaboration with Telus and other participant venture funds.
Telus Ventures finds, funds, and scales investments in high potential growth markets including healthcare IT, internet of things, big data, financial technology and digital security. With offices in Vancouver, Toronto, and Montreal the fund currently partners with 55 companies in Canada and the United States.
The fund partners with companies at various stages of development…
Continue Reading
VANCOUVER – Tuesday at the Healthy Minds Health Campuses Summit in Vancouver, Telus announced the donation of its new iOS mindfulness app, thinkFull, to the Canadian Mental Health Association BC Division.
ThinkFull is a stress management app aimed at improving the mental health of young adults by helping them monitor and develop coping strategies to manage stress levels, according to the press release.
The app provides personalized mental wellness coaching, allowing people to track their stress levels over time and tap into a library of tips for relieving stress, solving problems and living…
Continue Reading
VANCOUVER – Telus now has over 100,000 new wireless customers after formally closing a deal with Bell that saw it pick up approximately one-quarter of the newly merged Bell MTS' postpaid wireless customers.
The deal, which closed April 1 and is valued at approximated $300 million, also includes 15 dealer locations in Manitoba.
Telus said Monday that select Bell MTS customers will be notified by mail in the coming months that they are transitioning to Telus, and pledged that the customers will keep their same phone number and receive plans, rates and features that match or improve upon their existing MTS plan. Until…
Continue Reading
VANCOUVER – Telus is joining a pilot program in BC that aims to help youth transitioning from foster care to stay connected.
The Vancouver-based company is making Moto G smart phones available to up to 1,000 current and former youth in care. The devices include monthly phone and data plan credits for up to two years, plus unlimited nationwide talk and text, and up to 3GB of monthly data usage.
In addition, Telus will also develop a cell phone app to advise youth about Ministry of Children and Family Development and government programs and relevant information. The phone package will be registered…
Continue Reading
PENTICTON, BC – Telus has named Penticton, Naramata and West Bench as the latest B.C. communities with access to its gigabit-enabled PureFibre network that boasts Internet speeds of up to 250 Mbps upload and download.
Construction work is underway, and Telus said that it anticipates that the build will be complete by the end of the year.
“Telus PureFibre and symmetrical upload and download speeds have reimagined the Internet experience as we know it,” said Telus’ EVP and broadband networks president Tony Geheran, in the news release. “With Internet 250, you can download an HD movie or upload 100 high-resolution photos…
Continue Reading
MONTREAL – Telus Health is partnering with Quebec start-up Groupe DOmedic Inc. on digital health technology designed to improve medication management for seniors in long-term nursing care facilities.
To date, most nurses and healthcare professionals working in senior residences rely on paper to record the dispensing of medication to patients, which can result in errors and also lack tracing mechanisms. Electronic solutions such as DOmedic’s xPill PHARMA, when connected by Telus Health to pharmacists through their pharmacy management solution, allow a continuous, real-time flow of information between the staff caring for the elderly patients and the pharmacist. Care teams…
Continue Reading
WINNIPEG – Telus officially launched the Telus Manitoba Community Board on Wednesday, led by board chair Dave Johnston, retired president and COO of Great West Life's Canadian Division.
The new board will provide $350,000 in grants each year to local registered charities across the province to help local youth succeed through the power of technology. This contribution is part of the telecom company’s total $1 million commitment in 2017 for community investment in Manitoba.
Telus has been part of the community since it launched national wireless services in Manitoba in 2000 but earlier this month, it announced it will welcome…
Continue Reading
VANCOUVER – Telus has expanded its smartphone plans for customers who are frequent U.S. travellers, snowbirds, and those with family and friends in the United States.
The telco said Monday that its new Canada-U.S. monthly rate plan works the same in both countries, with unlimited calling and texting to Canadian and U.S. numbers as well as usage from the customer’s data bucket while in Canada or the US.
According to the company’s website, the plan offers various data options as well as voice mail, call display, call waiting and conference calling. Customers are required to stay on this plan for the…
Continue Reading
CHILLIWACK, B.C. – Telus will invest $55 million to connect more than 90% of homes and businesses in Chilliwack directly to its fibre optic network.
Direct fibre connection will dramatically boost data capacity, providing local homes access to its gigabit-enabled PureFibre network that boasts Internet speeds of up to 150 megabits per second, the company said late Thursday. This new fibre optic infrastructure will also be the backbone of Telus’ wireless network, enabling even more wireless capacity and speed.
“Direct fibre connection unleashes infinite possibilities now and into the future,” said Telus’ EVP and broadband networks president Tony Geheran, in the…
Continue Reading
VANCOUVER – Despite subscriber growth in both wireless and wireline operations, Telus saw fourth quarter profits plunge 69%, the company reported Thursday.
For the period ended December 31, net income fell to $87 million from $261 million year-over-year, impacted by higher restructuring and others costs, primarily reflecting a $305 million one-time “transformative compensation expense” made to employees. When excluding restructuring and other costs, net gains and equity income from real estate joint venture developments, and favourable income tax-related adjustments, adjusted net income dipped 2.5%.
Consolidated operating revenue increased 2.7% to $3.3 billion over the same period a year ago, reflecting higher…
Continue Reading
