Telus Stock Price, News & Analysis

TELUS is expanding its high-speed wireless and PureFibre networks across Quebec, targeting an additional 25,000 homes in 45 remote communities. This initiative aims to enhance digital access amid the COVID-19 pandemic, supporting local economies. TELUS has invested nearly $27 billion in Quebec over two decades and plans to connect 99% of families in targeted areas to high-speed internet by 2021. Recent investments include a $15 million project for a submarine optic fibre cable to improve telecommunications security on the North Shore, further enhancing connectivity.

TELUS has launched the Internet for Good program, providing high-speed internet for just $9.95 per month to K-12 students in British Columbia and Alberta. Initially limited to low-income families, the eligibility has expanded thanks to collaboration with local school boards. This effort aims to ensure that all students have access to reliable internet connections for virtual learning during the ongoing health crisis. TELUS has invested $150 million in various support initiatives since the pandemic, including expanding internet access and donating devices to vulnerable Canadians.

TELUS has expanded its Mobility for Good program to Nova Scotia, supporting youth aging out of foster care by providing them with free smartphones and subsidized mobile plans for two years. This initiative aims to help more than 5,400 already enrolled youths connect with essential resources during challenging transitions, particularly heightened by the COVID-19 pandemic. TELUS emphasizes its commitment to improving social and economic outcomes for vulnerable Canadians through technology, while also assisting participants in building financial literacy by having bills registered in their names.

TELUS is expanding its Mobility for Good program to support vulnerable youth in Prince Edward Island. This initiative provides young adults aging out of foster care with a free smartphone and subsidized mobile plan for two years. With over 5,400 participants nationwide, the program aims to enhance social connectivity and financial literacy amidst increased pressures from the COVID-19 pandemic. TELUS is committed to leveraging technology for positive social outcomes, helping youth find housing and job opportunities while fostering independence.

On September 8, 2020, TELUS announced the expansion of its Mobility for Good™ program to Saskatchewan, providing youth aging out of foster care with a free smartphone and a fully subsidized mobile plan for two years. This initiative aims to enhance connectivity and support for over 5,400 youth across Canada, especially during the COVID-19 pandemic. The program has proven effective, with 85% of participants reporting improved connections to their support networks. TELUS continues its commitment to social responsibility through this and other programs aimed at bridging digital divides in Canada.

TELUS has partnered with the Children’s Aid Foundation of Canada to extend its Mobility for Good™ program to Northern Canada, providing young people aging out of foster care with free smartphones and subsidized plans for two years. Originally launched in 2017, the program aims to help over 5,400 enrolled youth by ensuring they have access to essential resources and support networks, especially during the COVID-19 pandemic. The initiative underscores TELUS's commitment to leveraging technology for social good, enabling youth to build credit and manage their finances effectively.

TELUS and the Children’s Aid Foundation of Canada have expanded the TELUS Mobility for Good™ program to support vulnerable youth in Newfoundland and Labrador. The initiative provides free smartphones and subsidized mobile plans to young people aging out of foster care across new regions. Over 5,400 youth have already benefited from this program, which aims to help them build credit and connect with vital resources. This expansion reflects TELUS' commitment to social responsibility, especially during the challenges posed by the COVID-19 pandemic.

TELUS has received six national network leadership awards from Opensignal, leading in Download Speed Experience, Upload Speed Experience, Video Experience, and Voice App Experience in Canada. In May 2020, TELUS recorded an average download speed of 72.7 Mbps, surpassing its closest competitor by 5.2 Mbps. TELUS has consistently been recognized for its superior network performance, with plans to invest an additional $40 billion over the next three years to enhance its 5G capabilities, thereby reinforcing its commitment to superior customer connectivity.