Tuesday, 5 June 2012

Telus to continue wireless push with $840M investment in Quebec

Telus to continue wireless push with $840M investment in Quebec
Christine Dobby  Jun 4, 2012 – 9:32 AM ET
Just days after announcing plans to invest $650-million in Ontario on technology to support its wireless growth, Telus Corp. said Monday it also plans to pour $840-million into Quebec over the next three years.

The Vancouver-based company said it will expand its 4G long-term evolution (LTE) technology to Montreal and Quebec City, adding to a list of six Ontario cities named for the LTE expansion on Friday.
Out of the money earmarked for investment in Quebec on Monday, Telus said $440-million will be invested in Montreal specifically over the next three years.
The telecom company said the spending in both provinces is part of its $1.85-billion capital expenditure plan for 2012, announced in December
At the time, Telus said the spending would be driven by improvements in its wireless capacity and move toward LTE wireless networks in urban markets while capital investments in wireline would decline.
Last month Telus reported quarterly profits that topped analysts’ expectations as growth in its mobile business gave it a boost.
The company, which has 7.4 million wireless subscribers, was adding new contract mobile customers at a faster rate than its rivals with about 63,000 new clients signing on with Telus during the quarter compared to 47,000 at Rogers Communications Inc.

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