Telus plans to invest $762 million over the next five years to connect the majority of Vancouver's homes and businesses to its fiber-to-the-premises (FTTP) network.
Upon completion, the fiber build will serve a mixture of over 400,000 homes, businesses, hospitals, community centers and municipal buildings.
In the initial neighborhoods where the FTTP network will be built, Telus said that local residents and businesses will be able to get access to speeds up to 150 Mbps.
Similar to U.S.-based telcos AT&T (NYSE: T) and CenturyLink (NYSE: CTL), Telus plans to eventually deliver 1 Gbps and higher speeds, but did not call out a specific timeline.
Telus said in a release that it "plans to offer families and businesses in Vancouver increasingly higher speeds over this gigabit-enabled network in the coming years, as demand continues to increase."
Vancouver is just one of several areas where Telus has committed to roll out FTTP services. In July, Telus completed an $11 million fiber network build connecting business and residential customers on Northern Vancouver Island. It is also making similar investments in Edmonton, Alberta, a city where it is investing $813 million to connect over 90 percent of homes and businesses to its network over the next six years.
These new fiber builds are part of a broader $4 billion, three-year commitment in Canada to bring advanced services to every part of British Columbia and into Alberta province.
- see the release
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