VANCOUVER – Telus will invest $4.7 billion in new communications infrastructure and technology across British Columbia through 2020, including $1.2 billion this year alone, the company said Wednesday.
Telus said that the funds will be used to extend its gigabit-enabled Telus PureFibre network directly to thousands more homes and businesses in rural and urban communities, further strengthen 4G LTE wireless service and continue development and testing on next-generation 5G wireless service through the 5G Living Lab in downtown Vancouver, plus support healthcare and education services with new technologies.
Just in time for Canada’s 150th birthday, Telus said that by year end it will have invested more than $150 billion in in capital and operations to build and support network infrastructure across the country since 2000.
These investments are consistent with Telus' capital expenditure guidance for 2017, reads the press release.
“Telus has evolved from a regional telephone company with western roots dating back to our nation's infancy into a globally leading telecommunications provider, delivering critical services including next-generation wireless technology such as 4G LTE and 5G, and connecting British Columbians and their homes, businesses, hospitals and schools directly to our gigabit-enabled PureFibre network”, said president and CEO Darren Entwistle, in the news release. “Our investments across British Columbia have transformed our province into a globally-recognized centre of excellence in respect of technology leadership and world-class networks. By ensuring British Columbians and Canadians are connected to the people, information and opportunities that matter most, our technology innovation will enable our country to compete and succeed on a global basis for the #Next150 years."
