TORONTO – Telus will invest $1.1 billion in new infrastructure and wireless technology across Ontario through 2016, the company pledged Wednesday.
Telus said that it will invest $500 million across the province this year, the final year of a three-year plan unveiled in 2012, and committed to spending another $600 million throughout 2015 and 2016 to provide fibre optic communications links to business clients, advanced healthcare solutions to consumers, expanded cloud computing data centre infrastructure, and roll out its 4G LTE technology to more Ontario communities.
"Telus is dedicated to bringing Ontarians the most advanced wireless communications infrastructure available in the world today, greater access to our advanced Telus Health solutions, and the high-capacity connections businesses rely on to compete locally and globally," said executive chairman Darren Entwistle, in the news release. "Our $1.1 billion investment through 2016 will augment our infrastructure to ensure continued innovation and economic success in communities throughout the entire province."
The capital investment is consistent with Telus’ overall capital expenditure guidance for 2014.
