EDMONTON – Telus intends to invest $4.5 billion in new communications infrastructure across Alberta through 2019, of which $900 million will be invested this year alone, the company said Monday.
Telus said that the funds will be used to extend its fibre optic network infrastructure directly to thousands of homes and businesses in rural and urban communities, further strengthen its wireless service, and support key services including healthcare and education with new technologies.
"The Telus team is unwavering in our commitment to continue investing in the future of this resilient province during challenging economic times, directly providing more than 1,250 full-time employment opportunities to support our fibre optic network expansion, the construction of Telus Sky, and other significant infrastructure projects in the province whilst simultaneously contracting 20 subcontractors who are creating hundreds of additional jobs," said president and CEO Darren Entwistle, in the news release. "By the end of 2019 Telus will have invested $46 billion in Alberta since 2000 to provide Albertans with access to critical next-generation health, education, business and government services and solutions, securing Alberta's place in the growing digital economy and contributing to the province's economic health and success for generations to come."
These investments were reflected in Telus' capital expenditure guidance for 2016.
