TELUS Invests C$81B Across Canada For Network Advancement

TELUS Corporation TU announced several investments in network infrastructure, operations, and spectrum worth C$81 billion across Canada over the next five years by 2027.
In particular, the company disclosed the investment of C$19 billion in Alberta, with over C$57 billion already invested since 2000.
Also, TELUS will invest C$18.5 billion in British Columbia on top of more than C$59 billion spent in the province since 2000.
The company has also planned an investment of C$28 billion in Ontario, with over C$62 billion already spent over two decades.
Across these provinces, TELUS will continue to roll out of 3500 MHz spectrum on its 5G network, accelerate the Purefibre network and advance healthcare and smart living solutions.
Also, earlier this month, TELUS reported Q1 2023 operating revenues and other income growth of 15.9% year-on-year to C$4.96 billion, while adjusted basic EPS declined by 10% Y/Y to C$0.27.
Price Action: TU shares are trading lower by 0.69% at $20.10 on the last check Tuesday.