Telus announces $53-million investment in Montreal
Telus Corp. is investing $53 million in its wireless and wireline networks in the greater Montreal area this year, the company announced on Tuesday.
The investment is part of a five-year, $1-billion commitment Telus has made in Quebec.
In a statement, the company said it hopes the investment can help Montreal “continue its growth as one of the smartest cities in Canada” while also eventually leading to 5G technology across the province.
Telus said the investments are part of a 20-year partnership it announced two years ago with the Old Port of Montreal Corp. The company had been given the mandate at the time to equip the Old Port with a free high-speed internet zone, among other technologies.
Telus has since invested $4 million in the Old Port to create what it calls an “open-air technology lab.”
The company says its network is also used in the Old Port to power the multimedia experience titled Through the Echoes, produced for PY1, a venue developed by Lune Rouge Entertainment, which was founded by Guy Laliberté of Cirque du Soleil fame.