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TELUS (TSX:T) unleashes Canada’s fastest internet speeds while investing $2 billion

Telecommunication
TSX:T
24 June 2021 13:00 (EDT)

TELUS (T) is investing $2 billion to connect more than 90 per cent of Calgary homes and businesses to its PureFibre network.

TELUS has already begun to connect some Calgary communities to the PureFibre network and anticipates the majority of homes and businesses will be connected by the end of 2023.

TELUS is also launching PureFibre X, Canada’s fastest Internet speed tier, with upload and download speeds of 2.5 Gbps, giving customers access to the world’s fastest fibre Internet technology with the best upload and download speeds, and fastest home Wi-Fi connection.

Calgarians will be the first to access PureFibre X, which TELUS will expand to PureFibre communities across Alberta and B.C. in the months ahead.

“Through this generational investment in Calgary, TELUS is proudly providing the technology to bridge geographic and socio-economic divides and connect citizens to the people, resources and information that make their lives better, particularly as we continue to navigate the global pandemic,” said Darren Entwistle, President and CEO of TELUS.

Earlier this month, TELUS was named the fastest Internet service provider (ISP) in Canada by New York-based PCMag for the second consecutive year.

TELUS PureFibre was ready to withstand the additional demands of the Covid-19 pandemic and supported more than two million Albertans as they adapted to new ways of living.

TELUS is also supporting small businesses through its second national #StandWithOwners initiative, investing $1 million to promote these vitally important organizations in 2021.

Small business owners have demonstrated incredible strength and ingenuity as they pivoted and innovated throughout the Covid-19 pandemic, and TELUS is proudly supporting them with funding, localized advertising, and mentorship as they move forward. 

TELUS apparently has come out with the only true all-fibre network in Western Canada which includes the fastest upload and download speeds.

This infrastructure is critical for enabling TELUS PureFibre X – the next phase of world-leading network performance – which now allows Calgary residents on the PureFibre network access to the fastest Internet speeds in Canada.

In another technological advancement, PureFibre X Internet plans include the latest Wi-Fi 6, enabling better quality connectivity and connections throughout the home.

By leveraging Wi-Fi 6 technology with TELUS’ new PureFibre X, we can provide households with nearly limitless connectivity enabling simultaneous 4K streaming, video conferencing, web surfing, gaming, smart home automation, and smart home security.

A direct connection to the TELUS PureFibre network comes at no cost to taxpayers or residents, and TELUS plans to bring this critical network infrastructure to more communities in the years ahead.

Since 2000, TELUS has invested $51 billion across Alberta, and we announced last month that we will invest an additional $14.5 billion in infrastructure and operations across Alberta through 2024 to further support the province throughout the Covid-19 pandemic and subsequent economic recovery. 

TELUS (T.TSX) Stock is down 0.56 per cent  trading at C$27.42 at 12:39 pm ET.

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