This morning Telus (TSX:T) announced plans to invest $670 million across British Columbia this year to expand and improve its wireless and wireline networks. This year’s network investment builds upon the $24 billion Telus has invested in operations and technology in the province in the past 10 years.
In 2011, Telus will continue to invest in its Optik TV and high-speed Internet services as it lays thousands of kilometres of fibre-optic lines to support the growing demand in the province. The company will also deliver British Columbians access to even faster wireless broadband services by installing 76 new cell sites and introducing HSPA+ Dual Cell technology, which it says is one of the most advanced wireless technologies in the world.
“Our planned $670 million investment this year in advanced communications technology continues Telus’ track record of providing British Columbians with access to telecommunications and entertainment services that are the envy of the world,” said Darren Entwistle, Telus president and CEO.
“Telus is also committed to working with all levels of government in B.C. to advance the provision of life-changing healthcare and education services over our networks.”
By the end of 2010, Telus had installed the infrastructure necessary to bring wireline broadband Internet speeds of up to 25 megabits per second and Optik TV to more than 1 million households in the Vancouver Lower Mainland, Victoria, Campbell River, Whistler, Kelowna, Vernon and Prince George. Optik TV runs over a high-speed Internet connection, providing customers with enhanced services and features.
In 2011, Telus will also continue to expand its 4G wireless network across B.C.
Entwistle added that Telus’ commitment to British Columbia communities extends beyond infrastructure and new services. “Building on our tradition of community giving, this year alone Telus plans to contribute an additional $10 million to charitable organizations and community initiatives across the province.”