TELUS (NYSE: TU), headquartered in Vancouver, British Columbia, has announced a $1.5 billion investment to expand broadband services throughout Ontario and Quebec over the next five years. This decision follows Canadian Radio-television and Telecommunications Commission’s confirmation of the wholesale fiber-to-the-premise framework and aligns with the company’s existing wholesale fiber access agreements.
The initiative aims to support national network development and increase competition and affordability in Canada. According to TELUS, this project will contribute to expanding broadband infrastructure and digital service access across multiple communities.
“Today’s announcement regarding our TELUS broadband fiber and wireless expansion reinforces our long-standing commitment to sustained, transformative investments that advance economic and social prosperity for all Canadians,” comments Darren Entwistle, TELUS President and CEO. “Against a backdrop of macroeconomic uncertainty, TELUS stands as one of the few companies committing to bold, future-focused infrastructure investments that bolster digital inclusion and bridge digital divides by bringing globally leading connectivity to communities of all sizes.”
New fiber infrastructure will be used as a backbone for TELUS’ 5G wireless network. According to the company, the $1.5 billion investment is included in its annual budget, supported by strategic build partnerships, and aligns with TELUS’ financial guidance for 2025 and anticipated capital expenditures. This program is in addition to the $51 billion previously announced by TELUS earlier this year, which aims to improve connectivity, support Canadian AI initiatives, and contribute to economic development through 2029, as Inside Towers reported.
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