TORONTO – Telus will invest $2.1 billion in new infrastructure and facilities across Ontario in the next three years, the company announced Tuesday.
Telus said that the funds will be used to upgrade its wireless towers across the province to 4G LTE; to continue its deployment of 700MHz spectrum for use in rural and urban areas; to further grow the role of Telus Health, and, facilitate the adoption of Internet of Things (IoT) technologies through investments in network, security, cloud computing and Internet-connected devices.
“Ontarians want increasingly faster wireless speeds and enhanced capacity, and we are well positioned to deliver these thanks to recent investments which have expanded our portfolio of wireless spectrum in the province by more than 60 per cent”, said president and CEO said Joe Natale, in the news release. “In addition, we plan to continue bringing leading-edge solutions like our Internet of Things marketplace to our business customers and enabling innovative services that help Ontarians better manage their health and that of their families."
The capital investment is consistent with Telus' overall capital expenditure guidance for 2015.
