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Stock impact report

TELUS (TU) to Boost 5G Infrastructure With C$6.6M Investment [Yahoo! Finance]

Telus Corporation Ordinary Shares (TU) 
Last telus corporation ordinary shares earnings: 2/13 06:45 am Check Earnings Report
US:NYSE Investor Relations: telus.com/en/about/investor-relations
Company Research Source: Yahoo! Finance
This investment is supported by the additional investment of C$6.8 million from the government of Quebec and C$5.5 million from the Canadian Radio-television and Telecommunications Commission (“CRTC”). The combined financial contribution will facilitate the implementation and upgrade of TELUS' PureFibre and 5G networks in the region. The investment will result in the addition of roughly 10 new 5G wireless sites, with the first spot being already activated near Lac Daigle north of Sept-îles. By the end of this year, new 5G sites will be launched in Baie-Johan-Beetz, Sept-Îles and Aguanish, while additional sites in Baie-Comeau, Rivière-au-Tonnerre, Longue-Pointe-de-Mingan and Rivière-aux-Outardes are targeted for 2025. Furthermore, the government of Quebec's investment, announced in April 2024 will support the development of a new site in Godbout, improving cellular coverage in the region. Planning and preparatory work for this site will commence in 2024, with the tower expected Show less Read more
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