Telus Corp. is investing $53 million in its wireless and wireline networks in the greater Montreal area this year, the company announced on Tuesday.
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.
Telus has invested $53 million CAD into its wireless and wireline networks in Montreal as part of a five-year billion-dollar commitment to Quebec.
The goal of the investments is to help Montreal prepare for the arrival of 5G technology, while helping the city continue to grow as one of the smartest cities in the country.
For us, a network is more than just a technological infrastructure. It allows us to support Montreals knowledge economy and contributes to economic growth, said François Gratton, the group president at Telus and chair of Telus Québec, in a press release.
These investments are part of a 20-year partnership between Telus and the Old Port of Montréal Corporation first launched in 2017. The partnership aims to equip the site with enhanced technologies and a free high-speed Wi-Fi zone.
The investment will promote the emergence of newer entertainment experiences in the Old Port. PY1, Lune Rouge Entertainments newest venture chose the location as its home base. PY1 will use Telus network to power the premiere of its show, Through the Echoes. Further, PY1’s venue uses technology to promote human creativity and also functions as a lab.
Telus has invested more than $175 billion CAD nationwide in its operations since 2000, and plans to add around $40 billion CAD in the next three years.