Telus Investing $10B In Quebec Through 2028 To Support Vital Network Connectivity, Part Of A Larger Commitment To Deploy $73B Across Canada By 2028
Portfolio Pulse from Benzinga Newsdesk
TELUS is investing $10 billion in Quebec through 2028 to expand and improve network infrastructure, as part of a larger $73 billion commitment across Canada. This investment aims to enhance connectivity in isolated and rural communities, supporting innovation and growth.
May 15, 2024 | 1:20 pm
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POSITIVE IMPACT
TELUS International (TIXT) may benefit indirectly from TELUS' $10 billion investment in Quebec, as improved network infrastructure could enhance service delivery and operational efficiency.
While the direct investment is in TELUS' network infrastructure, TELUS International (TIXT) could benefit from improved connectivity and operational efficiencies, potentially enhancing service delivery and customer satisfaction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
TELUS (TU) is investing $10 billion in Quebec to expand network infrastructure, part of a $73 billion commitment across Canada. This investment will enhance connectivity in rural areas, supporting growth and innovation.
The significant investment in network infrastructure is likely to enhance TELUS' market position and drive revenue growth, particularly in underserved areas. This aligns with TELUS' broader strategy to expand its technological footprint across Canada.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100