- TELUS has announced a new plan to provide $13 billion in infrastructure and operations investments across British Columbia
- The investment includes expanding TELUS’ PureFibre and 5G networks, supporting grassroots charities, and creating 12,000 jobs in construction, engineering, and emerging technologies
- Among the 187 communities that will be connected to 5G are 119 Indignous communities which include Reserves, treaty lands, and self-governing lands across the province
- The investment will provide the technological backbone for economic recovery and strength well into the future
- TELUS (T) is up 0.76 per cent and is trading at $26.49 per share
TELUS has announced a new plan to invest $13 billion in infrastructure and operations in B.C., expanding TELUS networks across the province.
The investment will add to the nearly $47 billion TELUS has invested in British Columbia since 2000 in a continued commitment to bringing world-leading connectivity to communities across the province and providing the technological backbone for economic recovery and strength well into the future.
Through 2024, TELUS will
- Expand its PureFibre network across rural and remote B.C.;
- Deploy its 5G network to an additional 187 communities, including 119 Indigenous communities;
- Support local grassroots charities with financial donations and volunteer hours; and
- Hire 12,000 British Columbians in construction, engineering, and emerging technologies through the company’s vast partner ecosystem.
Darren Entwistle, president and CEO of TELUS, commented on the investment.
“On behalf of our 25,000 team members and retirees, TELUS is proud to make this generational investment in British Columbia, providing the technology to connect citizens to loved ones, as well as vital resources and information as we continue to navigate the global pandemic,” he remarked.
“As we look ahead with optimism to a period of social and economic recovery,” he added, “our investments are enabling more British Columbians with world-best connectivity to work, learn, socialize, access healthcare, and transact safely and effectively from their homes.”
TELUS will continue to invest in its TELUS Agriculture, TELUS Health, and For Good programs to build on the socio-economic efforts of British Columbians.
British Columbia Premier John Horgan commented,
“We’re pleased to welcome these significant investments in British Columbia that will provide better, faster internet and cell service for thousands of people in urban, rural, remote and Indigenous communities. By working together to support these projects, we can keep building a stronger B.C. for everyone.”
Since 2000, TELUS has invested nearly $240 billion nationally in network infrastructure, operations, and spectrum. The investments announced today are consistent with TELUS’ capital expenditure guidance for 2021.
TELUS stock price is up 0.76 per cent and is trading at $26.49 per share as of 1:43 pm ET.