Telus to invest $16mn in Alberta over five years

By pauline cameron

The British Columbia-based telecoms company, Telus, has announced it is set to invest CA$16bn in Alberta over the next five years.

The investment, made on Tuesday (24 September), is set to improve public access to healthcare technology and lay the foundations for the provinces move to a high speed 5G network.

The company was originally founded by the government of Alberta as a holding company to facilitate the privatisation of the Albertan Telephones commission, a crown corporation that supplied telecoms to Alberta and outside Edmonton.

The move also includes a plan to hire 5,000 Albertans, in addition to the creation of20,000 jobs in the area to support local citizens and projects.

Currently the company has invested over $45bn in technological developments across Alberta since 2008. In October 2008, Telus was named one British Columbia’s top employers by Mediacrop Canada Inc.

SEE ALSO

Verafin $515mn equity funding aims to boost fraud detection services

CIBC commits CA$150bn to sustainability initiatives

Read the latest issue of Business Chief Canada

However, the company has been accused of taking actions to hinder the emergence of competition with Canadian telecommunications in recent years, which has created pressure for reform of the regulatory guidelines imposed on Canadian telecoms companies.

In 1990, the Albertan Government Telephones (AGT) initiated plans to privatise telecommunications in the province and as a result Telus Communications was formed. In 1991, the province sold its remaining stake in AGT to Telus for $870mn. Telus has gone on to acquire Emonton Telephones Corporation (Ed Tel) from the city of Edmonton in 1995, which had only been founded five years earlier. In 1996, the AGT and Ed Tel brands were dissolved to make way for Telus. The company then took over BC Tel in 1999 to form Telus Corporation.

Share

Featured Articles

PwC's Kathryn Kaminsky – the role of boards on social issues

As Vice Chair Trust Solutions Co-Leader at PwC, Kathryn Kaminsky says boards play an important role in helping businesses take action on social issues

Why your business needs a Chief Transformation Officer

Responsible for driving growth and change, the Chief Transformation Officer is the latest addition to the C-suite as business undergoes major change

12 top AI and ML trends for the enterprise in 2023 – Dataiku

With 2023 likely to be a huge year for AI, experts from AI platform provider Dataiku deliver their enterprise AI and ML trends for the year ahead

From NYC to Hong Kong, the rise of the private members' club

Leadership & Strategy

Meet the CEO: Jill Stelfox of Panzura, exclusive interview

Leadership & Strategy

The best Michelin-starred restaurants that are meat-free

Sustainability