- TELUS (T) has committed to investing $14.5 billion in Alberta to further support the province throughout the COVID-19 pandemic and subsequent economic recovery
- The company will invest in its 5G and PureFibre networks, create 8,000 jobs in construction, engineering, and emerging technologies, and support grassroots charities
- These latest investments will enable Albertans to work, learn, access healthcare, and socialize from home during these unprecedented times
- TELUS (T) is down 0.08 per cent and is currently trading at $26.27 per share
TELUS (T) is committed to supporting the province throughout the COVID-19 pandemic and subsequent economic recovery.
- Connecting an additional 136 communities, including 31 Indigenous communities, to the TELUS 5G network;
- Bringing the TELUS PureFibre network to 500,000 more households by 2024;
- Creating jobs for 8,000 Albertans in construction, engineering, and emerging technologies; and
- Supporting grassroots charities by supplying volunteers and financial donations.
Darren Entwistle, President and CEO of TELUS, commented,
“Now more than ever, TELUS is committed to keeping our citizens and communities connected, productive and healthy through our globally leading wireless network.”
He added,
“As we look ahead with optimism to a period of social and economic recovery, our investments are enabling more Albertans with world-best connectivity to work, learn, socialize, access healthcare and transact safely and effectively from their homes.”
TELUS has supported Canadians throughout the COVID-19 pandemic by investing in infrastructure across rural communities and by giving $85 million to charities in Canada and around the world “to drive meaningful change for our most vulnerable citizens.”
Alberta Premier Jason Kenney remarked,
“TELUS’ continued investment in Alberta will have a great influence on our lives and enable our communities and businesses to interact despite obstacles like COVID. TELUS’ work to improve and expand infrastructure in Alberta demonstrates their commitment to our province as they support new jobs, growth and the prosperity we need to power our recovery.”
TELUS (T.TSX) stock is down 0.08 per cent and is trading at $26.27 per share as of 2:47 pm ET.