TELUS has announced a $2 billion investment to expand its advanced broadband services across Ontario and Quebec over the next five years. This initiative follows the Canadian Radio-television and Telecommunications Commission’s confirmation of the wholesale fibre-to-the-premise (FTTP) framework, complementing TELUS’s existing wholesale fibre access agreements. The investment aims to enhance national connectivity, accelerate network development, and promote competition and affordability in Canada’s telecommunications sector.

The new fibre-optic infrastructure will support TELUS’s high-speed 5G wireless network, providing individuals and businesses with reliable tools for digital engagement and economic success. TELUS PureFibre, noted for being 85% more energy-efficient than copper and more resilient to extreme weather, offers a sustainable and dependable solution for modern connectivity needs. This expansion contributes to economic growth without impacting import or export dynamics, focusing solely on enhancing domestic consumption of digital services.

The $2 billion investment is part of TELUS’s annual budget, supported by strategic partnerships. It builds on the company’s earlier commitment of $70 billion through 2029 to improve connectivity, advance Canadian AI leadership, and drive economic prosperity. Since 2000, TELUS has invested over $276 billion to enhance productivity and support Canada’s economy. The current plan aligns with TELUS’s 2025 capital expenditure guidance, as outlined in its fourth-quarter 2024 results on February 12, 2025, and first-quarter 2025 results on May 9, 2025, while supporting long-term financial goals, including a deleveraging target for 2027 and the elimination of the dividend reinvestment plan discount.

TELUS President and CEO Darren Entwistle stated: “Today’s announcement regarding our TELUS broadband fibre and wireless expansion reinforces our long-standing commitment to sustained, transformative investments that advance economic and social prosperity for all Canadians.” He emphasized that, despite economic uncertainties, TELUS remains dedicated to infrastructure investments that promote digital inclusion and connect communities of all sizes.

This initiative underscores TELUS’s focus on delivering reliable, high-speed broadband and 5G services, fostering economic growth and digital accessibility across Ontario and Quebec. By prioritizing sustainable technology and strategic investments, TELUS aims to strengthen Canada’s digital infrastructure, ensuring communities benefit from enhanced connectivity and opportunities in an increasingly digital world.