Telus To Invest $650M in Ontario, Create 900 New Jobs

by Gaurav Kheterpal on June 4, 2012

Telus is well and truly making 2012 a ‘Big‘ year. In March, the carrier made a massive $3 billion investment in B.C. projects. Since the beginning of the year, Telus has expanded its LTE footprint, unveiled a trade-in program and launched a Virtual Private Cloud solution.

Last month, the carrier reported a 6% jump in first-quarter profit largely due to continued leading wireless performance. Keeping its impressive run going, Telus Friday announced that it will invest $210 million in Ottawa-Gatineau over the next three years to further expand TELUS’ 4G LTE network to the community, using the fastest wireless technology in the world.

The carrier says it plans to cover more than 95 per cent of Ontario’s population, including Ottawa, Barrie, Windsor, Muskoka, Kingston and Niagara areas. Telus plans to hire 900 workers in Ontario this year to keep pace with the expansion of its latest generation wireless network. This is a part of the carrier’s broader hiring plan to fill 3,000 positions as it looks to play catch up with arch-rivals Rogers and Bell in the keenly contested 4G segment. Nearly, 600 of the 900 jobs will be located in the GTA. The company will hire around 80 people in Ottawa.

“TELUS is investing in technology because having the best services and solutions in the market is absolutely essential to our customers in the National Capital Region,” said Joe Natale, TELUS’ Chief Commercial Officer. “For them, technology isn’t a luxury: it’s the foundation of communication, education and collaboration for their businesses, and for their personal lives. Today’s announcement of our strong financial commitment to strengthening the technology platform here speaks to our resolute commitment to our Ottawa-based customers. We are deeply grateful to be of service.”

Last year, the carrier projected expected spending to be as much as $1.85 billion in 2012 on wireless capacity and deploying its LTE wireless network in many urban markets. Back then, several analysts cautioned that Telus is making some bold predictions, especially with economic troubles impacting other companies around the world. Spain’s Telefonica, for instance, has faced material dividend risk.

In fact, Telus recently announced that it will withdraw its proposal to convert its non-voting shares to common shares, following a run-in with dissident shareholder Mason Capital. Though it’s currently in the midst of  an investor turmoil, Telus seems to be in no mood to slow down its growth rate.

The carrier has also been boosted by a two-year contract extension with the Ontario Ministry of Health and Long-Term Care for the operation of the health network system.

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Written by: Gaurav Kheterpal. www.digitcom.ca. Follow TheTelecomBlog.comby:RSS,TwitterFacebook, or YouTube.

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