Reported Late Thursday, TELUS Enhances 5G Capabilities With $620M Acquisition of 3800 MHz Spectrum Licences
Portfolio Pulse from Benzinga Newsdesk
TELUS Corporation has enhanced its 5G capabilities by acquiring 3800 MHz spectrum licenses for $620 million. This acquisition gives TELUS an average of 72 MHz of 3800 MHz spectrum nationally, complementing the 3500 MHz spectrum they obtained in 2021. TELUS now holds around 100 MHz of prime 5G mid-band spectrum across 96% of Canada, including all major markets.
December 01, 2023 | 6:50 am
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NEUTRAL IMPACT
TELUS International (TIXT) is not directly involved in the spectrum acquisition by TELUS Corporation, but as a subsidiary, it may indirectly benefit from the parent company's enhanced 5G capabilities.
TELUS International (TIXT) is a subsidiary of TELUS Corporation and operates in a different segment of the industry. While the spectrum acquisition does not directly impact TIXT, the overall enhancement of TELUS's network could lead to operational efficiencies or new business opportunities for TIXT.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
TELUS Corporation's acquisition of 3800 MHz spectrum licenses for $620 million significantly strengthens its 5G network capabilities, positioning it well in the competitive telecom market.
The acquisition of additional spectrum licenses is a strategic move that typically enhances a telecom company's network capacity and service quality. This is likely to be viewed positively by investors, as it can lead to improved customer satisfaction and potential revenue growth from enhanced 5G services.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100