TELUS Company (YOU – Free Report) launched 3,500 MHz spectrum on its 5G wireless network to provide faster internet connectivity to customers in various parts of Canada. The company has invested C$220 billion in network infrastructure and operations in Canada since 2000.
The regions covered by this new spectrum are Toronto, Montreal, Ottawa, Edmonton and Victoria. Customers under the 3500 MHz spectrum with 5G compatible devices can take advantage of the unlimited 5G+ plan to improve their network connectivity for quick download/download.
TELUS plans to tap into the growing demand for 5G and wireless networks as more people work from home. The new spectrum will provide its customers with super-fast speed and low-latency connectivity so they can get their jobs done easily.
The 3500 MHz spectrum will contribute to the further development of 5G capabilities, including multi-access edge computing and Internet of Things technology, and major breakthroughs in healthcare, agriculture, energy, transport and industry.
Customers living in rural areas will experience internet speeds of up to 100 Mbps over TELUS’ 5G wireless network, according to the company’s estimates.
Earlier, TELUS announced an investment of C$17.5 billion in British Columbia and C$11 billion in Quebec to boost network infrastructure, operations and spectrum and generate employment opportunities.
TELUS has also made a C$10 million investment in the Chaudière-Appalaches region, a C$14 million private investment in the Estrie region of Canada and a C$9 million investment in the region. of the MRC of Mékinac and Les Chenaux. The company is committed to investing globally $ 70 billion Canadian dollars across Canada by 2026.
Telus is an important telecommunications service provider based in Vancouver, Canada. It provides wireless, wireline and Internet communications services for voice and data to businesses and consumers.
You recently announced good results for the first quarter of 2022. It recorded a profit adjusted per share of $ 0.30 CA (24 cents) in the first quarter of 2022, against $ 0.27 CA per share the previous year,
The stock decreased by 1.9 % compared to the 2.9 % drop in industry in the past year.
Zacks Ranking and Stocks to Consider
TU wears a Zacks Rank #3 (Hold).
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