Political leaders are welcoming the announcement by Telus that it plans to invest $16 billion in Alberta over the next five years.
The project will create 5,000 jobs, the company stated, to connect homes, businesses and schools to its high-speed, fibre-optic cable network.
The communications company stated the network will give Albertans better access to health-care technology; connect more homes, businesses, and schools via fibre optics; support increased agriculture technology; prepare the province for the introduction of 5G; and fast-track new latest technology and applications.
“This investment by TELUS demonstrates that Canada’s leading companies once again have confidence in Alberta,” Premier Jason Kenney said in the company news release.
“This investment shows confidence in the Alberta economy, with the promise of 5,000 jobs to be created here over the next five years.”
Telus claims the investment in network infrastructure will support the creation of 20,000 additional jobs across the province over the next five years.
“Telus is proud to be making this generational investment in Alberta,” said company CEO Darren Entwistle. He added it will provide the technology “to bridge geographic and socio-economic divides and connect citizens to the people, resources and information that make their lives better.”
The advent of broadband and wireless networks in remote communities will allow “residents to live and work in any community yielding improved productivity and pervasive economic opportunities.”
Telus stated that between 2000 and 2018, the company invested more than $45 billion in technology and operations in Alberta; over the next five years, it plans to invest an additional $16 billion in technology and operations.
“In addition to our significant investments to bring world-class technology to our citizens, TELUS has a legacy of giving back to the communities where we live, work and serve,” said Entwistle.