TELUS is investing more than $15 billion over the next five years to expand and enhance its network infrastructure and operations across British Columbia. As Canada navigates a challenging economic environment and seeks to attract more investment in the country to stimulate growth, this commitment to the province's future will help fuel homegrown innovation and support the prosperity of urban and rural communities. This investment builds on an impressive track record, with TELUS having invested more than $66 billion in B.C. since 2000, and is part of a larger commitment to deploy a total of $70 billion by 2029 across Canada to boost productivity and support a robust national economy.
"For more than 125 years, TELUS has been headquartered in Western Canada, building a legacy of advancing British Columbia's economic and social prosperity. Indeed, against a backdrop of macroeconomic uncertainty, TELUS stands as one of the few companies committing to bold, future-focused technology investments. We recognize that sustained, transformative capital deployment is not only critical for advancing digital inclusion, but also for unleashing British Columbia's full economic potential in the years to come," said Darren Entwistle, President and CEO of TELUS. "The $15-billion investment we are making across British Columbia transcends traditional connectivity; it is powering advanced digital services, fuelling innovation across all sectors of the economy and propelling our productivity as a nation. Moreover, this investment is a cornerstone of Canada's competitiveness on the global stage, driving critical transformational change and advancing our leadership in Canadian AI sovereignty, innovation and development. Crucially, TELUS' capital investments empower a more resilient and inclusive society, enabling us to remediate the environmental state of our planet through technology virtualization and bridge socio-economic and geographic divides, particularly in rural and Indigenous communities. Through our team's passionate efforts, we are ensuring that all of our fellow Canadians can fully participate in, and benefit from, the digital economy and our digital societies for generations to come."