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Telus to invest CUS$4.2 bln in Alberta through 2020

REUTERS – Canada’s Telus Corp said it would spend CUS$4.2 billion (US$3.11 billion) on new broadband and wireless infrastructure in Alberta by 2020, as it tries to stay ahead in a highly competitive market.

Telus, which has been attracting more postpaid wireless customers amid heightened competition, said it would invest more than CUS$900 million this year alone in Alberta.

The company is in a heated battle with Shaw Communications Inc, which has recently beefed up its high-speed internet and cable TV products.

The strong growth for both major Western Canadian companies comes as Alberta recovers from an economic slowdown caused by a prolonged slump in oil prices from late 2014 though early 2016.

Telus said last week it would invest CUS$4.7 billion in a similar push in British Columbia.

(US$1 = CUS$1.35)

(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Savio D’Souza)
Source: Reuters

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