Telus announces five-year $70B funding plan to bolster networks
Published: May 27, 2025 at 3:13PM EDT
Telus Corp. has announced a significant investment of over $70 billion over the next five years to enhance connectivity. The telecommunications company plans to achieve this through various means, including improvements to its network infrastructure and the establishment of artificial intelligence data centres.
Enhancing Connectivity
In a recent press release, Telus revealed that a portion of the funding will be allocated towards strengthening fibre connectivity in key regions such as B.C., Alberta, Quebec, and Ontario. Additionally, the company aims to enhance wireless coverage by upgrading 5G and LTE services.
Expanding Network Reach
By 2026, Telus plans to expand its broadband network to encompass 20 Indigenous lands, significantly increasing its current coverage. The company also intends to extend its services to 53 rural communities, up from the existing 530.
AI Data Centers
As part of its strategic initiatives, Telus will be launching two new AI data centres in Kamloops, B.C., and Rimouski, Que. These facilities are designed to offer Canadian businesses and researchers access to cutting-edge technology, fostering innovation in various sectors.
Expanding Network Reach
By 2026, Telus plans to expand its broadband network to encompass 20 Indigenous lands, significantly increasing its current coverage. The company also intends to extend its services to 53 rural communities, up from the existing 530.
Driving Innovation
Telus highlights that this substantial funding will play a crucial role in supporting homegrown innovation and promoting the prosperity of both urban and rural communities. The company believes that this investment will help navigate the challenging economic landscape in Canada and attract more investments to stimulate growth.
Telus CEO, Darren Entwistle, emphasizes that this investment goes beyond conventional connectivity, as it will enable advanced digital services, drive innovation across all sectors of the economy, and enhance national productivity.
This report by The Canadian Press was first published on May 27, 2025.
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