TELUS Invests C$81B Across Canada For Network Advancement
Portfolio Pulse from Lekha Gupta
TELUS Corporation (NYSE:TU) announced investments worth C$81 billion across Canada for network infrastructure, operations, and spectrum over the next five years. The investments include C$19 billion in Alberta, C$18.5 billion in British Columbia, and C$28 billion in Ontario. TELUS will continue to roll out 3500 MHz spectrum on its 5G network and advance healthcare and smart living solutions.
May 23, 2023 | 4:51 pm
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TELUS Corporation announced C$81 billion investments in network infrastructure, operations, and spectrum across Canada, which will help expand its 5G network and advance healthcare and smart living solutions.
The C$81 billion investment will help TELUS expand its network infrastructure, operations, and spectrum across Canada. This will likely lead to an increase in the company's market share and revenues, positively impacting its stock price in the short term. The expansion of the 5G network and advancement of healthcare and smart living solutions will also contribute to the company's growth and competitiveness in the market.
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