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TELUS (TSX:T) connects the communities of Chaudière-Appalaches to TELUS PureFibre and 5G networks

Telecommunication
TSX:TIXT
14 April 2021 15:30 (EDT)

TELUS is partnering with the Government of Quebec and the federal government to provide fibre-optic and 5G networks to the Chaudière-Appalaches region.

The TELUS PureFibre network will be deployed to 99 per cent of families and businesses that use TELUS services in the region.

The company will also bring its 5G network to 25 additional communities.

Investing in fibre-optic and 5G infrastructure is a step toward bridging the digital divide in these communities.

Marie-Christine D’Amours, Vice-President of TELUS, Consumer Solutions and Customer Experience for Quebec, commented on the company’s partnership with the provincial and federal governments.

“To date, 93 per cent of businesses and families in the area we serve have access to our PureFibre network, and we continue to invest jointly with the governments so that we will reach 99 per cent of homes by September 2022,” she said.

She added,

“The pandemic has emphasized how critical fast and reliable connectivity is for people to stay in touch with their loved ones, consult health care professionals remotely, and continue their studies and professional activities online.”

TELUS has invested nearly $30 billion in Quebec’s economy over the last two decades, including investments in infrastructure and network services in remote communities.

Marie-Eve Proulx, minister for Regional Economic Development, minister responsible for the Chaudière-Appalaches region, and Côte-du-Sud MNA, commented,

“High-speed Internet access is a necessity in all of Quebec’s regions. To promote regional development, we need high-quality services that foster the vitality of our communities.”

Joël Lightbound, Parliamentary Secretary to the Minister of Public Safety and Emergency Preparedness and Member of Parliament for Louis-Hébert, added,

“We will continue to invest and work in partnership with Quebec until every home and business has access to the high-speed internet they need.”

TELUS is one of the big three wireless service providers in Canada, with its 9 million subscribers nationwide constituting almost 30% of the total market.

TELUS (T) share price is steady, trading at $25.68 per share as of 2:47 pm ET.

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