- TELUS Corporation (NYSE: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.
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