EDMONTON – Telus will invest $4.2 billion in new communications infrastructure and technology across Alberta through 2020, including $900 million this year alone, the company said Monday.
Telus said that the funds will be used to extend its gigabit-enabled Telus PureFibre network directly to thousands more homes and businesses in rural and urban communities, further strengthen 4G LTE wireless service, and continue development and testing on next-generation 5G wireless service, plus support healthcare and education services with new technologies.
These investments are consistent with Telus' capital expenditure guidance for 2017, reads the press release.
"Our sustained investment across Alberta underpins our unwavering commitment to this resilient province during challenging economic periods," said president and CEO Darren Entwistle, in the news release. "We are providing Albertans with access to critical technology and services to support innovation and efficiency across local businesses, while also supporting our most vulnerable citizens through our ground-breaking and life-changing Telus Internet for Good program. By ensuring Albertans and Canadians are connected to the people, information and opportunities that matter most, our technology innovation will enable our country to compete and succeed on a global basis for the #Next150 years."
