Telus is putting $2 billion into expanding its fibre internet and wireless services across Ontario and Quebec over the next five years. The money will go toward building faster, more reliable internet networks for homes and businesses.
The company says the upgrade will bring better access to online services and help people stay connected, while also making its 5G network stronger in both provinces.
“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,” said Darren Entwistle, President and CEO of Telus, in an issued statement yesterday.
This comes after the CRTC gave the green light to rules that let companies like Telus share fibre networks more easily. Telus says this will help them grow faster and reach more people, while still competing with rivals. The new fibre networks are expected to use less energy than older copper wires and hold up better in bad weather (thieves love copper remember).
The $2 billion plan is part of a much larger $70 billion investment Telus announced earlier this year. Since 2000, the company says it has spent over $276 billion building out its tech infrastructure across Canada.
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