Telus says it plans to invest $70 billion in Canada through 2029, aiming to boost network infrastructure, support the nation’s AI ambitions, and spur economic growth.
The telecom giant says its five-year plan includes expanding its PureFibre internet service to more homes and businesses, while also upgrading 5G and LTE services at over 500 sites across the country this year.
As part of its housing initiative, Telus plans to convert some of its central office buildings into Telus Living developments, offering more affordable rental options.
“The $70-billion investment we are making across Canada transcends traditional connectivity; it is powering advanced digital services, fuelling innovation across all sectors of the economy and propelling our productivity as a nation,” said Darren Entwistle, President and CEO of Telus, in a statement to iPhone in Canada.
In a move to support Canada’s role in artificial intelligence, Telus will open two Sovereign AI Factories—one in Kamloops, B.C. and another in Rimouski, Quebec.
The company also says it will bring its broadband networks to 20 additional Indigenous lands and 53 rural communities by 2026, aiming to close the digital divide.
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