Telus to Invest $300 Million in Vancouver This Year

Telecommunications giant Telus is investing $300 million in Vancouver this year to expand coverage its LTE network, extend the reach of its Internet-based TV service, wire local homes directly to fibre optic cables, and continue building the Telus Garden, which the company says will be “one of the most technologically and environmentally advanced developments in North America.”

The investment is part of a $3 billion, three-year commitment to invest in BC Telus made last year. It builds on the $29 billion the company has already invested in operations and technology throughout the province since 2000.

 “Telus’ significant $300 million investment means people and businesses right here in Vancouver will have even more access to faster Internet, the world’s most advanced wireless technology, and our Internet-based television service, Optik TV,” says Mike Black, Telus vice-president of customer solutions delivery.

“[Telus Garden] will be something of a technical marvel and one of the most sustainable office and residential developments in all of North America,” he added. “By capturing waste heat from our telecom infrastructure and putting it to use heating water and air in the buildings, the site will save one million kilograms of carbon dioxide emissions in Vancouver each year.”

Already the province’s largest private sector employer, Telus will be hiring 1,300 people in BC over the next three years to support its investments.