MONTREAL – Telus will invest $53 million in its wireless and wireline networks in Greater Montreal this year as part of a five-year billion dollar commitment in the province of Quebec, the company said Tuesday.
These investments are part of a 20-year partnership agreement between Telus and the Old Port of Montréal Corporation (OPMC) to equip the landmark site with new technologies, including C-RAN wireless technology and a free high-speed Wi-Fi zone.
Telus said that it has already invested $4 million in the Old Port to create an open-air technology lab which will be used by the new PY1 entertainment venue this year.
“In a city where some of the world’s top creative and digital talent works side by side, the sky is the limit if we leverage Telus’s world-class network to boost our imagination, innovation and creativity,” said François Gratton, Telus group president and chair of Telus Québec, in the news release. “For us, a network is more than just a technological infrastructure. It allows us to support Montreal’s knowledge economy and contributes to economic growth. It helps support the local charities that play an important role in ensuring our communities thrive. It allows us to forge ties and experience unparalleled moments of connection. It’s also an excellent springboard to showcase local creative ingenuity around the world.”
The investment is consistent with Telus' capital expenditure guidance for 2019, adds the release.
