Telus to Invest $1 Billion to Make Vancouver a Gigabit-Enabled City Over the Next Five Years

by Istvan Fekete on October 5, 2015

Telus has announced that it will invest $1 billion to connect the majority of homes and businesses in Vancouver to the carrier’s fibre-optic network during the next five years. To celebrate this move, the carrier also announced that it will invest $100,000 in the Vancouver Public Library. The latter investment will establish the TELUS Innovation Fund to help connect people to each other and a world of information and literacy, helping to ensure a brighter future for the entire community.

“Bringing fibre optic infrastructure directly to homes and businesses is a generational investment, and the most significant contribution our organization can make to propel Canada’s communications infrastructure and ensure its global competitiveness for decades to come,” said Darren Entwistle, TELUS President and CEO. “With more than half of the world’s population currently concentrated in urban centres, and increased urbanisation a reality for the future, cities with the capacity to leverage advanced broadband technology will enjoy an unprecedented advantage. Our $1 billion investment will provide one of Canada’s largest urban centres with ubiquitous access to the fastest and most reliable Internet services to dramatically improve the way Vancouverites live, work and socialise. Once complete, TELUS’ fibre build will add more than 400,000 homes, businesses, hospitals, community centres and municipal offices to our fibre-lit landscape. We will dramatically improve citizens’ lives through significant new social, educational and economi.c opportunities and empower governments to build a greener, more inclusive and globally competitive Vancouver.”

The fibre-optic network is one of the world’s most advanced communications infrastructures and outperforms current networks, the carrier claims. This new infrastructure will be the backbone of Telus’ wireless network, enabling higher wireless speed and capacity.
Early next year, connected local residents of Vancouver neighbourhoods will be able to surf the Internet at speeds of up to 150 Mbps. Telus plans to offer families and businesses in Vancouver higher speeds over this gigabit-network in the coming years as demand continues to rise.

The $1 billion gigabit-network investment is part of Telus’ plan to invest an additional $4 billion in British Columbia through 2018. When completed, the total Telus investment in B.C. will surpass $11.5 billion when combined with operational expenses.

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Written by: Istvan Fekete. www.digitcom.ca. Follow TheTelecomBlog.com by: RSS, Twitter, Facebook, or YouTube.

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