TELUS Invests $25M For Direct Fibre Optic Network Connection In Leduc

TELUS Corp TU has invested $25 million to directly connect Leduc’s homes and businesses to its fiber-optic network at no cost to taxpayers or residents.
The initiative builds on TELUS’s recently announced plans to invest $14.5 billion in infrastructure and operations across Alberta through 2024.
TELUS plans to connect the majority of the homes and businesses by next spring.
TELUS PureFibre’s symmetrical upload and download speeds were equipped to withstand the additional pandemic demands.
TELUS plans to expand the network infrastructure to more communities in the future.
The company held C$1.9 billion in cash and equivalents as of March 31, 2021.
Price action: TU shares traded higher by 0.66% at $22.7 on the last check Tuesday.