Telus announced on Tuesday it is committing $66 billion to Canada over the next five years, and the investment covers a lot of ground beyond just building cell towers.
The company said the money is going toward expanding its 5G and fibre networks, growing its AI infrastructure, and even converting old office buildings into rental housing.
On the AI side, Telus is doubling down on its Sovereign AI Factory in Rimouski, Quebec, which is already ranked as the fastest supercomputer in Canada. That facility sold out after launching in September 2025, so Telus is expanding it. Three more AI data centre facilities are also in the works in British Columbia, with one in Kamloops coming online later this year and two new Vancouver locations to follow.
For connectivity, Telus says it is building more than 160 new cell towers this year in partnership with Terrion, while also upgrading more than 1,000 existing 5G and LTE sites across the country. Another $2 billion is going toward bringing its PureFibre internet to parts of Ontario and Quebec that have not had access yet.
As Telus retires its old copper network, it is converting the now-empty central office buildings into purpose-built rental housing under something called Telus Living.
“The $66 billion announced today builds upon the $294 billion that Telus has put to work across Canada since 2000, to ensure our fellow citizens have the vital connectivity needed to thrive in today’s digital world,” said Darren Entwistle, President and CEO of Telus, in a statement to iPhone in Canada.
Rural and Indigenous communities are also getting some attention, with more than $3.3 million going toward expanding broadband to over 12,000 households through 2026.
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