Company Announcements

$66 billion investment includes expanding Canada's fastest AI supercomputer, transforming corporate buildings into residential housing, and expanding 5G/fibre networks

Investments in nation-building projects will deliver critical infrastructure to strengthen national technological independence and position Canada to lead on the global stage

VANCOUVER, BC , May 19, 2026/CNW/ - TELUS is investing more than $66 billion over the next five years to expand and enhance its network infrastructure and operations across Canada. As the country seeks to attract more investment to stimulate growth, TELUS' commitment to Canada's future will help fuel homegrown innovation and support the prosperity of urban and rural communities. This investment builds on an impressive track record, with TELUS investing billions in technology and operations to boost productivity and support a robust national economy.

"The $66 billion announced today builds upon the $294 billion that TELUS has put to work across Canada since 2000, to ensure our fellow citizens have the vital connectivity needed to thrive in today's digital world," said Darren Entwistle, President and CEO of TELUS. "The critical infrastructure our talented team of innovators and engineers is creating represents the 21st century equivalent to building transportation corridors that connect our country. TELUS' investments over the past 26 years represent the financial equivalent of constructing 84 Canadian Pacific Railways or 58 St. Lawrence Seaways or 27 Trans-Canada Highway systems. Importantly, the connectivity we are delivering helps improve the lives of Canadians by enabling teleworking, online healthcare and education flexibility, while also accelerating Canada's digital economy for heightened productivity, innovation and competitiveness. Moreover, our 5G and PureFibre networks are supporting transformational change in respect of remediating our environment, advancing agriculture efficiency and food chain security and bridging socio-economic and geographic divides. Indeed, TELUS' world-leading 5G network now reaches more than 90 per cent of Canada's population, while our global-best TELUS PureFibre network brings the fastest and most reliable internet technology on the planet to 3.7 million households and businesses – and counting, covering 99 per cent of TELUS' legacy copper footprint. Over the past 26 years, TELUS has laid 162,000 kilometres of fibre, which is enough to circle the Earth four times. The environmental and societal benefits of replacing copper with TELUS PureFibre are considerable. Notably, by recycling decommissioned copper, TELUS has eliminated 9,300 tonnes of emissions – equal to removing nearly 2,000 cars from roads for a year. Moreover, as we decommission copper from our central offices, we are re-developing these now vacant buildings to be used as affordable, sustainable housing. By continuing to invest in our world-leading networks, we are demonstrating TELUS' commitment to Always Building Canada, supporting our fellow Canadians for generations to come."

Now through 2030 in Canada, TELUS is:

Advancing Canada's Tech & AI Sovereignty

• Expanding on our $2-billion investment to bring the speed and connectivity of TELUS PureFibre to regions of Ontario and Quebec that haven't seen the benefit and scale of this investment to-date, stimulating job growth, accelerating innovation and enhancing productivity
• Building more than 160 new cell towers in partnership with Terrion and deploying targeted enhancements to our 5G and LTE services at more than 1,000 existing sites nationwide this year – significantly increasing wireless coverage and capacity to meet the evolving needs of our customers and communities, now and into the future
• Strengthening Canada's AI infrastructure to meet surging demand for advanced compute power through the TELUS Sovereign AI Factory – officially ranked as the fastest and most powerful supercomputer in Canada by TOP500 . Our Rimouski, Quebec facility sold out following its September 2025 launch and we are now expanding our compute inventory to meet continued demand.
• Delivering one of the world's most powerful and sustainable AI infrastructure clusters with three world-class facilities in British Columbia , selected by the Government of Canada as the first project to advance under the federal Enabling Large-Scale Sovereign AI Data Centres initiative. Our AI factory in Kamloops, British Columbia, will come online later this year and we will develop two new Vancouver facilities to empower Canadian businesses, researchers, public sector and Indigenous organizations with access to cutting-edge Canadian-controlled compute – ensuring every piece of data, computation, and breakthrough remains within our borders.
• TELUS Digital is advancing Canada's sovereign AI capabilities through Fuel iX, a platform enabling Canadian companies to deploy secure, domestically controlled AI assistants. Building on industry-leading safety practices, Fuel iX Fortify addresses Canada's stringent AI security and safety requirements through automated purple teaming and rigorous testing protocols, helping organizations confidently integrate AI while maintaining control over their data and systems
• Deepening our commitment to rural and Indigenous connectivity by investing more than $3.3 million to expand broadband and wireless networks to more than 12,000 households through 2026

Pioneering Environmental Sustainability & Purpose-Built Housing

• Advancing our journey to net-zero as part of our world-leading copper retirement program , we continue to support the circular economy by reclaiming and repurposing legacy copper networks, helping meet Canada's need for this important resource. To date, we have mined more than 4,600 tonnes of copper from our network and enabled a reduction of 9,300 tonnes of GHG emissions – equal to removing nearly 2,000 cars from roads for a year
• Strengthening Canada's food sovereignty and global leadership in sustainable production through TELUS Agriculture & Consumer Goods. By expanding our Decisive Farming agronomy services in underserved rural areas and supporting Canada's cattle producers, we're helping farmers produce more with less. These efforts ensure a safe, affordable and efficient food supply for Canadians while delivering a critical reduction of up to 500,000 tonnes in GHG emissions by 2030
• Addressing the increasing demand for housing availability and attainability by redeveloping our central office buildings into purpose-built residential rental developments under the TELUS Living initiative

Fostering Healthy, Connected Communities

• Further bridging digital and health divides through TELUS Internet, Mobility, Tech and Health for Good , and continuing to empower Canadians to stay safe online through TELUS Wise . Since inception, these initiatives have enhanced access to connectivity and healthcare for over 1.6 million people across Canada, while helping them remain safe in our digital world
• Helping remove barriers for youth and empowering them to reach their full potential. Since 2005, the TELUS Friendly Future Foundation and our 21 TELUS Community Boards have directed over $150 million in grants to more than 11,500 health and education-focused charitable initiatives that support youth and 2,000 TELUS Student Bursaries for post-secondary students facing financial barriers
• Helping organizations create healthier, more productive workforces through TELUS Health's global leadership in healthcare access and technology innovations, supporting more than 170 million lives around the world, in collaboration with both Canadian and global-leading organizations
• Strengthening community connections through authentic storytelling and contributing to a more inclusive creative ecosystem across Canada by investing over $40 million to amplify locally reflective stories and support creators and filmmakers across Canada through grants, production funding, training, mentorship and distribution across national platforms through TELUS' three content funding programs: TELUS STORYHIVE, TELUS originals and maCommunauté
• Fostering community connection through strategic partnerships with leading sports organizations including Hockey Canada, Canada Soccer, CF Montréal, CFL and the Canadian Premier League

Additionally since 2000, TELUS, our team members and retirees have provided $1.85 billion in cash, in-kind contributions, time and programs, including 2.5 million days of volunteerism to communities in Canada and around the world. 

These investments are consistent with TELUS' capital expenditure guidance for 2026 as disclosed in the company's fourth quarter 2025 results and 2026 targets news release dated February 12, 2026 and in the company's first quarter 2026 results news release dated May 8, 2026.

TELUS also embraces tax morality as a means of further investing in our communities. Since 2000, and as of the end of 2025, TELUS has paid approximately $65 billion in total tax and spectrum remittances to our federal, provincial and municipal governments across Canada, consisting of corporate income taxes, sales taxes, property taxes, employer portion of payroll taxes, various regulatory fees and spectrum remittances, including more than $2.6 billion in taxes in 2025 alone. These funds support public works projects, education, healthcare, cultural pursuits and other initiatives that improve the social and economic well-being of our communities.

Forward Looking Statements

This news release contains statements about future events and plans that are forward-looking, including statements relating to the amount of TELUS' planned investments and the specific projects and investments we are pursuing now through 2030. These forward-looking statements are made based on a number of assumptions, including assumptions about future economic conditions and courses of action. Readers are cautioned not to place undue reliance on them as there is significant risk that actual results may vary materially from these forward-looking statements, including as a result of risks relating to regulatory decisions and developments, the competitive environment in which we operate, and our operating and financial results.

The forward-looking statements in this news release are subject to the cautionary note and based on the assumptions, qualifications and risks described in detail in TELUS' 2025 annual Management's discussion and analysis (MD&A) and first quarter 2025 MD&A, which are incorporated by reference herein, and in other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR+ at sedarplus.ca ) and in the United States (on EDGAR at sec.gov ). Forward-looking statements describe TELUS' expectations and are based on our assumptions as at the date of this press release and are subject to change. These statements are made pursuant to the "safe harbour" provisions of applicable securities laws in Canada and the United States Private Securities Litigation Reform Act of 1995. 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 a world-leading communications technology company operating in more than 45 countries and generating over $20 billion in annual revenue with more than 21 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. TELUS Health is enhancing approximately 170 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. TELUS Agriculture & Consumer Goods utilizes digital technologies and data insights to optimize the connection between producers and consumers. TELUS Digital specializes in digital customer experiences and future-focused digital transformations that deliver value for their global clients. Guided by our enduring 'give where we live' philosophy, TELUS continues to invest in initiatives that support education, health and community well-being. In 2023, we launched the TELUS Student Bursary, which strives to ensure that every young person in Canada who wants a postsecondary education has the opportunity to pursue one. To date, the program has distributed over $6 million in bursaries to 2,000 students and counting. Since 2000, TELUS, our team members and retirees have contributed $1.85 billion in cash, in-kind contributions, time and programs, including 2.5 million days of service--earning TELUS the distinction of the world's most giving company.

For more information, visit telus.com or follow @Darren_Entwistle on Instagram.

For more information, please contact:

TELUS
Tricia Lo
TELUS Public Relations
tricia.lo@telus.com

SOURCE TELUS Communications Inc.