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TELUS (TSX:T) invests $2 million in the Mékinac and des Chenaux RCMs, expanding its PureFibre and 5G networks

Telecommunication
TSX:T
09 April 2021 09:00 (EDT)

TELUS is investing nearly C$2 million in the Mékinac and des Chenaux RCMs (Regional county municipalities) in 2021.

TELUS will accelerate the deployment of its PureFibre and 5G networks to bridge the digital divide and support the health, agriculture and education sectors.

“Our 6,000 team members across the province are committed to actively continuing the deployment of our networks across Quebec, and driving the economic recovery of our regions,” says Marie-Christine D’Amours, Vice President of TELUS, Consumer Solutions and Customer Experience for Quebec.

“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 in order to reach 99 per cent of homes by the end of 2022.

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.

We’re also especially proud to deploy our 5G technology in both large urban centres and remote communities so that Quebec residents can enjoy the full potential of this technological revolution no matter where they live.

As 5G technology evolves, it will make our cities smarter and greener, transform agriculture, improve health care, and accelerate the potential of smart homes and autonomous vehicles.

Wireless connectivity will spur our community’s ambitions and will give us the technology tools we need to attract families and businesses and boost our economy,” says Paul Labranche, mayor of Saint-Adelphe. “We are looking forward to this new investment by TELUS, which will enhance connectivity and security. Saint-Adelphe will also benefit from world-class high-speed Internet with fibre straight to homes and businesses. High speed is crucial for online studies, work and access to health care, not to mention any business success in an increasingly digital world.”

Over the last two decades, TELUS has invested nearly $30 billion in Quebec’s economy, notably in infrastructure, spectrum licences, and operations, with a special focus on serving remote communities. This includes an investment of $300 million since 2013 to deploy its PureFibre network in Quebec regions with $72 million in support from the federal and provincial governments.

TELUS is a leading communications technology company with $16 billion in annual revenue and 16 million customer connections spanning wireless, data, IP, voice, television, entertainment, video and security.

TELUS (T) share price opened trading at $25.71 per share.

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