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.
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