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TELUS continues to expand 5G network in Quebec

TELUS Corporation ( recently announced a C$9.6 million investment in Quebec's Chaudière-Appalaches region. This investment will be supported by an additional C$2.7 million from the government of Quebec and C$2.2 million from the Canadian Radio-television and Telecommunications Commission (“CRTC”), enabling the installation of 20 new 5G wireless sites in the area.

The government of Quebec's investment, announced in April 2024, will support the development of 16 new sites to boost cellular coverage in the region. While planning and preparatory work will begin this year, TELUS anticipates that the first sites will be operational by 2025. Additionally, as part of the CRTC Fund, detailed last year, two new wireless sites will be activated in Saint-Pamphile and Saint-Adalbert by the end of the year. The activation of a second site in Saint-Adalbert and another in Saint-Paul-de-Montminy will commence in 2025.

The combined financial contribution will facilitate the implementation and upgrade of TELUS' network, improving wireless connectivity in rural and remote areas. In the fourth quarter of 2023, the company projected a capital expenditure of C$2.6 billion for 2024. This guidance was reaffirmed in the second quarter of 2024, underscoring the company’s commitment to its planned investment strategy for the year.

TELUS Aims to Enhance Innovation & Connectivity Across Quebec

TELUS remains focused on its corporate social responsibility. The company aims to invest C$73 billion in Canada by 2028, including C$10 billion specifically for Quebec. As of June 30, 2024, TELUS provided 5G network coverage to nearly 32 million Canadians, representing more than 86% of the population.

In August, TELUS unveiled new additions to EnContinu+, a streaming bundle tailored specifically for Quebec residents. The new offering aims to boost the entertainment experience for TELUS and Koodo customers. Subscribers can enjoy a diverse selection of content, including French language programs and popular international shows and movies while benefiting from savings of up to 20% on the individual package.

In July, the company announced a C$6.6 million private investment in the North Shore region of Quebec, supported by an additional investment of C$6.8 million from the government of Quebec and C$5.5 million from CRTC for the addition of roughly 10 new 5G wireless sites in this region.

Since 2023, the TELUS Friendly Future Foundation has contributed nearly $100,000 to local organizations in the Chaudière-Appalaches region, supporting projects that benefit youth. Beneficiaries include the Association Renaissance des Appalaches, Maison de la Famille Nouvelle-Beauce and Alliance Jeunesse des Chutes-de-la-Chaudière.

Vancouver, British Columbia-based TELUS is one of the leading telecom carriers in Canada (the largest in western Canada), with more than C$20 billion in annual revenues and 19 million customer connections. It provides wireless, wireline and Internet communications services for voice and data to businesses and consumers.



Source: https://www.zacks.com/stock/news/2337300/telus-continues-to-expand-5g-network-in-quebec-with-c96m-investment

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