Telus FTTP Rollout On Track, CEO Says

by Istvan Fekete on November 11, 2015

Telus‘ fiber-to-the-premises (FTTP) build is on track and will provide a foundation for a new growth source in its wireline business, CEO Darren Entwistle said during the third-quarter earnings call last week.

“As it relates to DOCSIS 3.1 deployment, I don’t see it materially impacting the pace of our fiber deployment,” Entwistle said during the earnings call, according to a Seeking Alpha transcript. “At the end of the day, fiber connectivity to the home is going to be a significant advantage for us. We’ve got a footprint now that’s past 0.5 million homes and growing, and I think that that’s a significant opportunity for you to contemplate in terms of reviewing the TELUS to grow tenant wireline, wireless positions.”

He mentioned that returns on FTTP “investments are extremely attractive from penetration to ARPU to churn, the cost reduction to improved reliability.”

Telus announced in October that it will invest $762 million in Vancouver to connect homes and businesses to its FTTP network over the next five years. When finished, the company will serve more than 400,000 homes, businesses, hospitals, community centres, and municipal buildings.

Also, it recently completed an $11 million fibre network build connecting customers in Northern Vancouver Island and is making similar investments in Edmonton and Alberta as part of its $4 billion, three-year commitment to bring advanced services to every part of B.C. and Alberta.

While initial speeds will be limited to 150 Mbps, Telus said it plans to deliver higher speeds over the next five to six years.

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