VANCOUVER – Telus will invest $4.5 billion in new communications infrastructure across British Columbia through 2019, of which $1.2 billion will be invested this year alone, the company said Tuesday.
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.
“By the end of 2019 Telus will have invested more than $51 billion in British Columbia since 2000 to provide our neighbours with access to critical next-generation health, education, business and government services and solutions," said president and CEO Darren Entwistle, in the news release. "The Telus team is unwavering in our commitment to connect citizens, businesses, healthcare professionals, schools and government organizations to the best wireline and wireless technologies available on the planet, ensuring Canada's success in the growing digital economy, today and for generations to come."
These investments were reflected in Telus' capital expenditure guidance for 2016.
