$4.2B Telus Investment in Alberta

wireless communications

CBJ — Telus plans to spend about $4.2 billion on new broadband and wireless infrastructure in Alberta by 2020, as it tries to stay ahead in a highly competitive market.

Telus, which has been attracting more postpaid wireless customers amid heightened competition, said it would invest more than $900 million this year alone in Alberta.

The company is in a heated battle with Shaw Communication, which has recently enhanced its high-speed internet and cable TV products.

The strong growth for both major Western Canadian companies comes as Alberta recovers from an economic slowdown caused by a prolonged slump in oil prices from late 2014 though early 2016.

Telus just recently announced it would invest $4.7 billion in British Columbia for similar infrastructure upgrades as those in Alberta.

@CanBizJournal

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