MONTREAL – Telus is set to invest more than $1.3 billion in new infrastructure and facilities across Quebec through 2016, the company said Tuesday.
Telus will spend $640 million across the province this year, the final year of a three-year plan unveiled in 2012, and has committed to invest another $700 million in 2015 and 2016 on infrastructure. Specifically, Telus pledged to connect more households and businesses to fibre optics; expand its 4G LTE network to over 80% of the province’s population by the end of 2014; rapidly deploy 700MHz spectrum for use in rural and urban areas; continue the rollout of Optik TV; and expand the reach of Telus' healthcare solutions.
"Our technology investments mean better health care for patients, improved connection speeds for businesses and the best access to entertainment at home and on the road”, said Francois Gratton, president of Telus Quebec and Atlantic Canada, in the news release. “Through our investments, Telus will bring fibre optics to thousands of households in remote areas of Quebec, making the province one of the most connected places in the world.”
The capital investment is consistent with Telus' overall capital expenditure guidance for 2014, issued on February 13, 2014.
