Telus announces five-year $70B funding plan to bolster networks
Telus Corp. has announced a significant investment of over $70 billion over the next five years to enhance connectivity and improve network infrastructure. This funding will also be used to build artificial intelligence data centres, further solidifying Telus's position as a leader in the telecommunications industry.
Enhancing Connectivity
In a recent press release, Telus revealed that a portion of the funding will be dedicated to bolstering fibre connectivity in key provinces such as B.C., Alberta, Quebec, and Ontario. Additionally, the company aims to enhance wireless coverage by making improvements to 5G and LTE services, ultimately providing a more seamless experience for its users.
Expanding Network Reach
Telus has ambitious plans to expand its broadband network to include 20 Indigenous lands and 53 rural communities by 2026. This expansion is part of Telus's commitment to bridging the digital divide and ensuring that more communities have access to reliable high-speed internet.
Artificial Intelligence Data Centres
As part of this funding plan, Telus intends to open two new AI data centres in Kamloops, B.C., and Rimouski, Que. These cutting-edge facilities will provide Canadian businesses and researchers with access to advanced technology, fostering innovation and technological advancement across various sectors.
Supporting Canadian Innovation
Telus's CEO, Darren Entwistle, emphasized that this investment goes beyond simple connectivity. By powering advanced digital services and supporting innovation, Telus aims to boost productivity and drive economic growth in Canada. This funding will play a crucial role in supporting urban and rural communities and stimulating overall prosperity.
This significant investment comes at a time when Canada is navigating economic challenges and striving to attract more investment to fuel growth. Telus's commitment to advancing connectivity and technological infrastructure underscores its dedication to driving innovation and progress in the telecommunications sector.
This report by The Canadian Press was first published on May 27, 2025.
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