Canada’s telecommunication provider Telus unveiled a plan to invest $1 billion (CDN) to upgrade homes and businesses throughout Vancouver with high-speed Fibre-optic capabilities.
“Bringing fibre optic infrastructure directly to homes and businesses is a generational investment, and the most significant contribution our organization can make to propel Canada’s communications infrastructure and ensure its global competitiveness for decades to come,” said Darren Entwistle, TELUS President and CEO. The plan is bring fiber connectivity to an incremental 400,000 homes, businesses, hospitals, community centres and municipal offices.
“We are all living in a growing, interconnected world where the latest technology can help local businesses succeed,” said British Columbia Premier Christy Clark. “The investment being made by TELUS today will transform Vancouver into a major hub of today’s best communications infrastructure and connect homes with the fastest Internet connections possible.”
When the first Vancouver neighbourhoods are fully connected early next year local residents and businesses will be able to take advantage of home Internet speeds of up to 150 megabits per second.
Details on which hardware manufacturers would benefit from the project were not revealed in the release.
More information on the Telus announcement