TELUS to Invest $53M in Greater Montreal Networks This Year

Recently, TELUS Corporation TU announced that it is going to invest $53 million in its wireless and wireline networks in Greater Montreal this year. The move is in accordance with the Canadian telecommunications company’s five-year billion-dollar pledge in Quebec. It is aimed at helping Montreal to become one of the smartest cities in Canada, while paving the way for the impending 5G technology across the region.

Markedly, these investments are part of a 20-year partnership between TELUS and the Old Port of Montréal Corporation, announced in 2017, to provide the location with a number of cutting-edge technologies and a free high-speed Wi-Fi zone. The company also stated that it would deploy Centralized Radio Access Network technology to enhance the performance of its Long Term Evolution-Advanced wireless network.

Reportedly, TELUS has invested more than $175 billion in its network and operations since 2000 and intends to add nearly $40 billion in the next three years across the nation. It is poised to benefit from the increased penetration of smart devices, wireless data services and wireline fiber optic networks. It expects balanced growth in the wireless and wireline businesses, supported by healthy investment in high-speed broadband technology.

Read the full story at finance.yahoo.com.

Victoria Krisman
Victoria Krisman is Interactive Media Specialist for the Intelligent Community Forum.
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