Tag: investment

Categories
Mobile Syrup

Telus investing $10 million in Leduc, Alberta

Vancouver-based telecom giant Telus says it will invest $10 million in the City of Leduc this year.

The announcement falls under an earlier investment the company made. In May, Telus announced it was allocating $17 billion in Alberta over the next four years. The investment will go towards operations, network infrastructure and spectrum and create 8,500 new jobs in the province.

“This generational $17 billion investment in Alberta is a true demonstration of Telus’ long-standing commitment to improving the lives of Canadians by connecting communities from coast to coast with our world-leading wireless 5G and PureFibre networks,” Darren Entwistle, the company’s president and CEO, said.

Telus has made a similar allocation for Edmonton, announcing earlier this month the city will see $220 million in investments. 

The City of Leduc also benefited from an announcement Telus made in March, detailing it was bringing internet speeds up to 100Mbps to rural communities for the first time. With speeds four times faster than what’s available through 4G, Telus said the move allowed Leduc residents to stream their favourite shows, make video calls, and surf the web at the same time.

Source: Telus

Categories
Mobile Syrup

Telus says it will invest $220 million in Edmonton in 2022

Vancouver-based national telecom Telus announced plans to invest $220 million in Edmonton in 2022.

The investment comes as part of a larger $17 billion investment in Alberta through 2026. That investment will go towards ” operations, network infrastructure, and spectrum” and Telus says it will create 8,500 jobs in Alberta.

Telus also says its investment goes beyond operations and infrastructure in Edmonton. In a press release, the company said that it and its team members have provided over $48 million in cash and program contributions as well as volunteered over 1.4 million hours of service in support of charities and community organizations in the city.

Further, Telus reiterated some of its Alberta investment goals in the press release. That includes creating new jobs by hiring 8,500 Albertans with a focus on construction, engineering, and emerging technologies through 2026, and connecting nearly 1 million homes to its ‘PureFibre’ network.

The company also cited plans to connect rural and remote Alberta communities using 5G as it continues rolling out 3,500MHz spectrum. Finally, Telus said it will introduce its 5G standalone network this year and bring multi-access edge computing (MEC) capabilities to advance IoT and industry solutions.

Those interested can learn more here.

Categories
Mobile Syrup

Telus to create 7,000 jobs in Quebec over the next four years

Vancouver-based telecom giant Telus is investing $11 billion in Quebec over the next four years.

The investment will go towards network infrastructure, operations, and spectrum across the province, creating 7,000 jobs. The move will also connect 350,000 homes with high-speed internet in Chaudière-Appalaches, Estrie, Lower St. Lawrence, Mauricie and North Shore.

“Through our investment, we are supporting the social and economic vibrancy of Quebec and ensuring that every member of our society has access to the technology that yields the opportunity to realize their full potential,” Darren Entwistle, Telus’ president said.

The move is part of a $70 billion investment that will see improvements rolled out throughout the country over the next four years. Telus announced $17 billion in similar investments for Alberta earlier this month.

Source: Telus

Categories
Mobile Syrup

CIBC commits millions of dollars to promote climate action in tech

Banking giant CIBC is committing $100 million in investments towards low carbon and climate tech, which will help create new climate innovations.

The funds are being allocated through Limited Partnership investments, which focus on partnering with other corporations.

“With new and intensifying environmental challenges, we believe our bank has an important role to play in supporting the acceleration of climate action through innovation across North America,” Harry Culham, group head of CIBC Capital Markets, said in a statement. “These investments are another way we’re driving growth into new areas of the economy while helping to foster long-term sustainability.”

Specific details of what the investment will look like aren’t available at this time, according to a press release regarding the announcement.

Image credit: CIBC

Source: CIBC

Categories
Mobile Syrup

Telus to expand 5G to Greater Montreal regions in $90 million investment

Vancouver-based national telecom Telus announced plans to expand its 5G network to the Montreal, Lanaudière, Laurentides and Montérégie regions.

The expansion comes as part of a larger $90 million investment in infrastructure in the Greater Montreal area, itself part of a $9 billion investment in Quebec through 2024. Through the expansion, Telus says that customers in over 70 additional communities will have access to its 5G network.

“The significant investments we are making in our world-leading network to rapidly expand our 5G footprint is enabling us to connect the citizens of the Greater Montreal to the people, resources and critical information they need as we continue to navigate the global pandemic,” said Darren Entwistle, president and CEO of Telus.

Telus notes that it leverages multiple vendors, including Samsung, Ericsson and Nokia to power its 5G network. The carrier says it plans to expand 5G to over 615 communities, including 157 in Quebec, and aims to cover over 70 percent of the Canadian population by the end of the year.

Interestingly, Telus also cited an Opensignal report that gave the carrier several awards, including Fastest 5G Download and Upload Speeds, Best 5G Video Experience, Best 5G Availability and more. However, it’s worth noting that Telus tied with Bell and, sometimes, Rogers in several of those sectors. Additionally, Opensignal’s most recent 5G experience report showed Rogers breaking away from the three-way ties to claim the best 5G Availability and Reach, although Bell and Telus retained their lead in download speeds.

Source: Telus