Telus earmarks CAD700m for Alberta, despite slowing mobile growth

15 Apr 2009

Vancouver-based full-service telco Telus has earmarked investment of CAD700 million (USD575 million) to expand and upgrade wireless and wireline networks in Alberta province, including the planned rollout of a 3.5G High Speed Packet Access (HSPA) mobile network. The new budget follows last month’s announcement that Telus would spend USD500 million in the neighbouring province of British Columbia. It previously earmarked over CAD2 billion for nationwide network improvements in full-year 2009. Ahead of its upcoming financial and operational report on the first quarter of 2009, Telus revealed it added only 48,000 net new wireless subscribers in the three months to the end of March, 46% less than the 88,000 it gained in the first three months of 2008.