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TELUS Investing Another $18.5 Billion in British Columbia Through 2027 to Support Network Connectivity and Innovation
Thursday, May 25, 2023Company Profile | Follow Company
Burnaby, BC, May 25, 2023--(T-Net)--TELUS has announced an investment of $18.5 billion to build and develop network infrastructure, operations, and spectrum across British Columbia over the next five years as part of its commitment to invest $81 billion across Canada by 2027.
The company says these investments are critical to providing Canadians with access to superior technology, connecting customers to the people, resources and information that make their lives better.
Since 2000, TELUS ys it has invested more than $59 billion in British Columbia alone, building global leading industry networks and has been recognized as B.C's top broadband network by Opensignal.
Darren Entwistle, President and CEO, TELUS Communications Inc.
"As a company that has been headquartered in Western Canada for more than 125 years, TELUS' $18.5 billion investment in British Columbia will further amplify the superiority of our world-leading wireless and PureFibre networks, enabling vital connectivity for millions of citizens across the province. This builds on the more than $59 billion TELUS has invested in network infrastructure, operations, and spectrum across British Columbia since 2000," said Darren Entwistle, President and CEO of TELUS.
"Our globally recognized networks are the backbone of our digital economy and societies, driving innovation and uplifting marginalized communities. This investment will help ensure that British Columbians can stay connected to what matters most, including healthcare, safe and healthy food, online education, friends and family, and the flexibility to work remotely; all with the accompanying environmental benefits."
Now through 2027 in British Columbia, TELUS says it is continuing to roll out 3500 MHz spectrum on its 5G network: Since June 2022, TELUS has been deploying its 3500 MHz spectrum holdings on its next-generation 5G wireless network.
As part of this rollout, customers in communities coast to coast can now access this 3500 MHz spectrum, including in Vancouver, Edmonton, Calgary, Toronto, Ottawa, Montreal, Quebec City, Halifax and St. John's.
"The Government of Canada and TELUS have a longstanding partnership and shared vision to connect British Columbians to reliable, high-quality networks, including in rural and indigenous communities," said Taleeb Noormohamed, MP for Vancouver Granville. "I'm pleased to see TELUS continuing to make the generational investments needed to expand access to high speed broadband and 5G services, which will stimulate the economy and create opportunities for families and businesses in BC."
"Everyone, everywhere in B.C. needs access to reliable, high-speed internet to be able to work, learn and stay in touch with friends and family," said Lisa Beare, Minister of Citizens' Services. "The investments that TELUS is making, along with our government's investments in the Connecting BC and Connecting Communities BC programs, support economic opportunities and growth across B.C."
From 2000 through 2022, TELUS has invested $240 billion nationally in network infrastructure, operations and spectrum, including more than $59 billion in British Columbia. These investments are consistent with TELUS' capital expenditure guidance for 2023, released in the fourth quarter of 2022 earnings release dated February 9, 2023.
Forward-looking Statements: These statements are made pursuant to the "safe harbour" provisions of applicable securities laws in Canada and the United States Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements are subject to inherent risks and uncertainties and are based on assumptions, including assumptions about future economic conditions and courses of action. These assumptions may ultimately prove to have been inaccurate and, as a result, our actual results or events may differ materially from our expectations expressed in or implied by the forward-looking statements. |
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