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TrendingHome Capital | Oil | NAFTA | Bombardier | Canadian dollar | Family Finance
Reuters | June 5, 2017 12:28 PM ET
More from Reuters
Telus Corp said it would spend $4.2 billion on new broadband and wireless infrastructure in Alberta by 2020, as it tries to stay ahead in a highly competitive market.
Telus, which has been attracting more postpaid wireless customers amid heightened competition, said it would invest more than $900 million this year alone in Alberta.
The company is in a heated battle with Shaw Communications Inc, which has recently beefed up its high-speed internet and cable TV products.
The strong growth for both major Western Canadian companies comes as Alberta recovers from an economic slowdown caused by a prolonged slump in oil prices from late 2014 though early 2016.
Telus said last week it would invest $4.7 billion in a similar push in British Columbia.
© Thomson Reuters 2017
Topics: FP Tech Desk, Alberta, Shaw Communications Inc., Telecommunications Sector, TELUS Corporation
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