TELUS is investing more than $70 billion over the next five years to expand and enhance its network infrastructure and operations across Canada. As the country navigates a challenging economic environment and seeks to attract more investment to stimulate growth, this commitment to Canada's future will help fuel homegrown innovation and support the prosperity of urban and rural communities. This investment builds on an impressive track record, with TELUS investing more than $276 billion since 2000 to boost productivity and support a robust national economy.
Now through 2029 in Canada, TELUS is bringing TELUS PureFibre connectivity to homes and businesses across B.C., Alberta, Quebec and Ontario, driving job creation, accelerating innovation and fueling productivity. It is also deploying targeted enhancements to its 5G and LTE services at more than 500 macro and micro sites nationwide this year, significantly increasing wireless coverage and capacity to meet the evolving needs of its customers and communities, now and in the future
TELUS will also be launching two Sovereign AI Factories in Kamloops and Rimouski. These secure facilities provide Canadian businesses and researchers access to cutting-edge technology, ensuring every piece of data, computation and breakthrough created will remain within its borders. These investments are consistent with TELUS' capital expenditure guidance for 2025 as disclosed in the company's fourth quarter 2024 results and 2025 targets news release dated February 12, 2025 and in the company's first quarter 2025 results news release dated May 9, 2025.
Darren Entwistle, President and CEO, TELUS
The $70-billion investment we are making across Canada transcends traditional connectivity; it is powering advanced digital services, fuelling innovation across all sectors of the economy and propelling our productivity as a nation. Moreover, this investment is a cornerstone of Canada's competitiveness on the global stage, driving critical transformational change and advancing our leadership in Canadian AI sovereignty, innovation and development. Crucially, TELUS' capital investments empower a more resilient and inclusive society, enabling us to remediate the environmental state of our planet through technology virtualization and bridge socio-economic and geographic divides, particularly in rural and Indigenous communities.
