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Bell adds another CAD500m to investment programme

2 Jun 2021

Bell Canada announced that, in light of the recent decision by the Canadian Radio-television & Telecommunications Commission (CRTC) to scrap proposed wholesale fixed internet access rate reductions, the telco is upping its 2020-2022 capital investment programme to approximately CAD14 billion (USD11.6 billion), roughly CAD1.7 billion higher than originally planned, and upped from February 2021’s announcement that up to CAD1.2 billion in accelerated funding would be invested. Bell said that ‘greater regulatory certainty and positive investment climate supports increased capital investment in Canada’s network infrastructure, including expanded fibre rollouts.’

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