OSOYOOS, B.C. – Telus said Thursday that it has invested $5 million to build five new wireless sites along Highway 3, bringing wireless service to approximately 105 kilometers of highway and the communities of Kitchener, Yahk, Lumberton, Bridesville and Curzon.
The project is part of the 10-year Connecting British Columbia Agreement that Telus signed with the province of B.C. in 2011. Under the terms of the agreement, Telus will invest to connect more than 1,700 kilometres of unconnected highways with wireless service.
“We recognize the growing demand for wireless services while on the road, particularly in Okanagan areas that may be…
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VANCOUVER – Telus has successfully closed its previously announced dual-tranche offering totaling $1.0 billion in senior unsecured notes.
The company said Tuesday that the net proceeds will be used to repay approximately $956 million of outstanding commercial paper and to fund the repayment, on maturity, of a portion of the $600 million principal amount outstanding on its series CI Notes due May 2016. The balance will be used for general corporate purposes.
"Our oversubscribed $1.0 billion debt offering demonstrates the confidence our investors have in Telus to successfully execute against our long-term growth strategy focused on core investments in our wireless…
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VANCOUVER – Telus is investing in California-based cybersecurity firm Zenedge in an effort to enhance cloud-based cybersecurity services for its business customers.
Telus Ventures, the strategic venture investment arm of Telus, said Thursday that it is participating in a $4.0 million Series B investment round, which follows Zenedge's $3.5 million round last year, bringing total venture funds raised by the company to $7.5 million.
Zenedge specializes in web application firewall and DDoS (distributed denial-of-service) mitigation for web applications, networks, and domain name servers. This investment will allow the company to add new DDoS mitigation centers in Toronto and Amsterdam, expanding…
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TORONTO – Telus Optik TV customers may now enjoy a free preview of Spanish-language TV channel Univision Canada.
Available on channel 2661, Univision Canada offers daily news, telenovelas, talk shows, and soccer coverage. On November 19, viewers may enjoy the exclusive Canadian broadcast of the Latin Grammy Awards.
Univision Canada is owned and operated by Telelatino Network Inc.
www.tln.ca
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SHENZHEN, CHINA – Huawei and Telus are teaming up to establish a 5G "Living Lab" in Vancouver.
Announced Friday from Huawei's headquarters in Shenzhen, in conjunction with BC premier Christy Clark’s visit, the new project will test approaches to deliver a next-generation converged fibre-wireless network in downtown Vancouver.
To support this "Living Lab", Huawei pledged to make “a significant investment” to design, test and deploy new technologies leading towards the development of next-generation 5G based telecommunications networks. Telus’ recent commitment to invest $1 billion to expand its fibre optic network in Vancouver will ultimately provide the backbone to support highly…
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VANCOUVER – Telus is cutting some 1,500 jobs in an effort to curb costs, amidst increases in third quarter revenues and profits.
The company said Thursday that it is increasing “efficiency initiatives” by an additional $125 million next quarter, which will include eliminating approximately 1,500 full-time positions, many of which are voluntary departures and early retirements.
“These are very difficult decisions to make but a necessary element of aligning our organization with the growth, customer service and capital allocation activities we are implementing", president and CEO Darren Entwistle said in a statement.
For the third quarter ended September 30, 2015, Telus’ consolidated operating…
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VANCOUVER – Telus, through its Optik Local community programming, is awarding more than $3.2 million in funding to support some 60 new local content projects in Western Canada this year.
Optik Local supports compelling, original storytelling in British Columbia and Alberta by providing funding and training to filmmakers, as well as a platform to share their content with new audiences. Content is distributed for free on Telus Optik On Demand as well as online.
"Optik Local is unique in the Canadian content funding space. It's an innovative model that enables diverse voices to be heard and local stories to be told,"…
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TORONTO – Telus has teamed up with Fleet Complete and Intact Insurance to create a fleet-management insurance offer for Canadian businesses.
The easy-to-use GPS fleet tracking solution from Telus provides realtime visibility into the location of fleet vehicles and integrates with the Intact Insurance platform to report on performance that may result in reduced insurance costs, while also encouraging safer driving.
"Telus Fleet Tracker is one of the most comprehensive and widely used fleet tracking solutions in Canada," said Telus’ VP of the Internet of Things Shawn Sanderson, in the news release. "my Fleet Solution takes this offering one step further…
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WILLIAMS LAKE, BC – Telus says that more than 90% of homes and businesses in Williams Lake will soon be directly connected to its fibre optic network, enabling the community to access Internet speeds of up to 150 Mbps.
The company began initial construction work in the community in August, and expects to have the final homes and businesses connected in the coming months. The $14 million investment is part of Telus’ commitment to invest $4 billion throughout B.C. through 2018, at no cost to taxpayers.
“Direct fibre connection unleashes infinite possibilities now and into the future,” said Telus GM for…
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EDMONTON – Telus unveiled some nifty smart-home innovations that it says will be possible when homes in British Columbia and Alberta are connected to its fibre optic network.
The 560-square-foot Future Home (pictured) was on display last week in Edmonton and will visit Drumheller on October 15, followed by stops in Calgary (October 21), Kelowna (November 3), West Kelowna (November 15), Kamloops (November 24) and Port Coquitlam (December 3).
Built to simulate a small condo, Future Home features security systems that uses facial recognition to secure and unlock the doors; smart cooktops that provide a step-by-step demonstration of a new recipe and then calculate the meal’s nutritional…
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