STOCK TITAN

Windsor, Tecumseh and LaSalle residents and businesses can now access the fastest 5G network in Canada from TELUS

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

TELUS has been recognized as the fastest network globally, according to Opensignal, with an average download speed of 75.8 Mbps for 4G LTE, outpacing South Korea's 5G average of 59 Mbps. By the year's end, TELUS will expand its 5G network to 50 Canadian communities, offering speeds up to 1.7 Gbps. Partnerships with local colleges will establish 5G Connected Campuses, enhancing educational resources. Over the next three years, TELUS plans to invest an additional $40 billion to further develop its 5G network, which is projected to create 250,000 jobs and contribute $40 billion annually to the Canadian economy.

Positive
  • TELUS recognized as the fastest network globally with an average download speed of 75.8 Mbps.
  • Expansion of 5G network to 50 communities by year-end, offering speeds up to 1.7 Gbps.
  • Partnerships with University of Windsor and St. Clair College for 5G Connected Campuses.
  • Commitment to $40 billion investment over next three years to enhance 5G network.
Negative
  • None.

TELUS crowned the fastest network in the world as it wins the Opensignal Global Award for Download Speed Experience. TELUS’ average 4G LTE download speeds clocked in at a global high of 75.8 mbps, significantly faster than the 2nd fastest country in the world South Korea’s 5G network average of 59 mbps.1

By the end of year, Canadians in 50 communities will experience the fastest 5G network in Canada providing speeds up to 1.7 Gbps 2

Partnerships with University of Windsor and St. Clair College will see TELUS transform each into a 5G Connected Campus

WINDSOR, Ontario, Sept. 23, 2020 (GLOBE NEWSWIRE) -- As TELUS expands its next-generation 5G network to Windsor, Tecumseh and LaSalle, UK-based Opensignal has announced that TELUS is the fastest network in the world!

“This global recognition from Opensignal, in concert with our rapidly expanding next-generation 5G network, reinforces the TELUS team’s unparalleled commitment to providing Canadians with access to superior technology that connects us to the people, resources and information that make our lives better,” said Darren Entwistle, President and CEO, TELUS. “Our team understands that having the fastest speeds on a global basis matters as it drives the innovation that enables the diversity and competitiveness of our country’s private sector, supporting economic growth and job creation for our nation and in communities like Windsor, Tecumseh and LaSalle. It matters because it helps us answer society’s most pressing social challenges in health, education, agriculture and the environment, while improving economic equality in our digital world. As we continue to navigate the global health emergency, Canadians can be confident that our world-leading network, with its globally leading speed and expansive coverage, will keep them connected to what matters most.”

In Opensignal’s latest report, TELUS’ average 4G LTE download speeds were recorded at a global high of 75.8 mbps, which is significantly faster than South Korea’s average of 59 mbps on their 5G networks - a country that launched 5G nationally in 2019. Furthermore, a recent PCMag report shows that TELUS 4G LTE network speeds easily outpace 5G network speeds of the United States’ top carriers and other Canadian providers. These achievements, along with the numerous, sustained accolades TELUS has earned over the years, showcase the strength and speed of TELUS’ global-leading mobile network. This wireless network leadership, and the investment and talented team that underpin it, drive our country’s innovation agenda and the resulting economic and social outcomes.

TELUS continues to strengthen its commitment to delivering an outstanding network experience to Canadians by bringing its 5G network to an additional 19 cities across the country in addition to Vancouver, Calgary, Edmonton, Toronto and Montreal. By the end of the year, nearly 50 communities will be able to experience the speed and quality of TELUS’ 5G connectivity, as TELUS continues to grow its 5G footprint into 2021 and beyond. TELUS’ next generation 5G network, which builds on its award-winning, fastest network in the world covering 99 per cent of the Canadian population, will drive innovation in emerging tech sectors, healthcare, agriculture, and more. World-leading speeds and expansive coverage will contribute to improved health and educational outcomes for Canadians, support environmental sustainability, enable our entrepreneurial spirit, unleash human productivity and drive economic growth, which will be key to Canada’s fiscal recovery: it's estimated that 5G will create 250,000 jobs and contribute $40 billion annually to the country’s economy.3

Further, to support the students, faculty, and researchers who are working to advance the technologies of tomorrow, TELUS is partnering with both the University of Windsor and St. Clair College to make each institution a 5G Connected Campus. Fully funded by TELUS, each institution will receive a TELUS-designed, 5G-enabled wireless network. TELUS will operate these networks at no cost to the institutions, provide complementary connectivity to students, faculty, and researchers, and even collaborate on research projects to further understanding and use cases of 5G technologies.

“Our customers enjoy the fastest network in the world today. Beyond lightning-fast speeds, 5G offers a leap in capabilities over today’s 4G networks, including increased capacity, ultra-low latency, network slicing and edge computing. These advancements are the foundation to power new applications serving smart businesses and communities, industrial automation, and digital healthcare,” said Eros Spadotto, Executive Vice President, Technology Strategy and Business Transformation. “As both a native of Windsor and a proud alumnus of the University of Windsor, I am delighted that TELUS is making this commitment to the region and its future. These partnerships will bring some of the most cutting-edge telecommunications technology available today and in the future to our students, building on our promise to advance higher education and science, and unlocking new ways for technology to improve Canadians’ lives. 5G is critical to the health and competitiveness of our economy.”

Since 2000, TELUS has invested nearly $200 billion in network infrastructure, spectrum, and operations to enhance the coverage, speed, and reliability of its networks. Over the next three years, TELUS has committed to investing an additional $40 billion to support the roll out of its 5G network, which will enhance innovation and help drive digital development across key sectors of the Canadian economy.

The extraordinary innovation that will make Canadians’ lives easier and businesses more successful is more important than ever, as economic growth will be key to Canada’s fiscal recovery: it's estimated that 5G will create 250,000 jobs and contribute $40 billion annually to the country’s economy.3

In Ontario, TELUS 5G is also available in Toronto and coming to Kitchener, Waterloo, Mississauga, Oakville, Markham, Richmond Hill, Kingston and Cornwall by the end of 2020.

For coverage maps and more information, visit telus.com/5G.

About TELUS
TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading communications and information technology company with $15 billion in annual revenue and 15.4 million customer connections spanning wireless, data, IP, voice, television, entertainment, video and security. We leverage our global-leading technology to enable remarkable human outcomes. Our longstanding commitment to putting our customers first fuels every aspect of our business, making us a distinct leader in customer service excellence and loyalty. TELUS Health is Canada's largest healthcare IT provider, and TELUS International delivers the most innovative business process solutions to some of the world’s most established brands.

Driven by our passionate social purpose to connect all Canadians for good, our deeply meaningful and enduring philosophy to give where we live has inspired our team members and retirees to contribute more than $736 million and 1.4 million days of service since 2000. This unprecedented generosity and unparalleled volunteerism have made TELUS the most giving company in the world.

For more information about TELUS, please visit telus.com, follow us @TELUSNews on Twitter and @Darren_Entwistle on Instagram.

For media inquiries, please contact:

Donna Ramirez
TELUS Public Relations
donna.ramirez@telus.com

[1] Based on a recent report from Opensignal.
[2] Network speeds vary with location, signal and customer device. Compatible device required. Manufacturer’s rated peak download speeds: 5G, up to 1700 Mbps, LTE Advanced, up to 1350 Mbps; LTE, up to 150 Mbps; HSPA+, up to 42 Mbps.
[3] Based on a recent report from Accenture.


FAQ

What is TELUS's average download speed according to Opensignal?

TELUS's average download speed is 75.8 Mbps, making it the fastest network in the world.

When will TELUS expand its 5G network to additional communities?

TELUS plans to expand its 5G network to 50 communities by the end of this year.

What benefits will TELUS's 5G network bring to Canadian communities?

TELUS's 5G network is expected to create 250,000 jobs and contribute $40 billion annually to Canada's economy.

What partnerships has TELUS formed to advance its 5G network?

TELUS has partnered with the University of Windsor and St. Clair College to create 5G Connected Campuses.

What is the projected impact of TELUS's 5G investment on the economy?

The investment in TELUS's 5G network is expected to enhance innovation and drive economic growth in Canada.

Telus Corporation

NYSE:TU

TU Rankings

TU Latest News

TU Stock Data

22.66B
1.49B
0.02%
55.5%
2.44%
Telecom Services
Communication Services
Link
United States of America
Vancouver