TELUS (TU) Launches 5G Service in British Columbia's Quesnel

Canada-based communications technology company TELUS Corp. TU has expanded 5G network to Quesnel as part of its C$13 billion investment in British Columbia through 2024.

The company continues to support the citizens of the province with digital solutions as they navigate the pandemic. With this service expansion, residents and businesses will have access to TELUS’ superfast 5G network.

Since 2000, TELUS has invested almost C$240 billion in network infrastructure, operations and spectrum across Canada, with more than C$47 billion in British Columbia.

In partnership with equipment vendors like Ericsson ERIC, Nokia NOK and Samsung, TELUS is expanding its 5G network to more than 615 communities across the country, including 187 in British Columbia by the end of this year.

Apart from superfast speeds, 5G offers a lot more capabilities than 4G networks, including increased capacity, ultra-low latency and edge computing. These advancements will power new applications that serve enhanced health and educational outcomes for the people of Canada.

TELUS expects to continue benefiting from strong customer additions, thanks to the adoption of its superior connected experiences, innovative product set and premium bundled offerings. The accelerated broadband expansion program is expected to further extend its PureFibre and 5G coverage.

The company is also committed to building a better future for the next generation through investments in innovative technologies and sustainable business practices. It has issued a Sustainability-Linked Bond Framework that aligns its financing strategy with its goal of achieving net carbon neutrality across its operations by 2030.

TELUS’ shares have gained 24.7% in the past year compared with the industry’s growth of 11.3%.

Zacks Investment Research
Image Source: Zacks Investment Research

The stock currently has a Zacks Rank #4 (Sell).

A better-ranked stock in the broader sector is Clearfield, Inc. CLFD, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Clearfield delivered a trailing four-quarter earnings surprise of 49%, on average.


Zacks’ Top Picks to Cash in on Artificial Intelligence

This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.

See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
TELUS Corporation (TU): Free Stock Analysis Report
 
Ericsson (ERIC): Free Stock Analysis Report
 
Nokia Corporation (NOK): Free Stock Analysis Report
 
Clearfield, Inc. (CLFD): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.