---
title: "TELUS Invests More Than $66 Bln For Five-Year Network Expansion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286928587.md"
description: "TELUS Corporation announced a $66 billion investment over five years to enhance its network across Canada, aiming to boost tech and AI sovereignty and promote sustainability. This follows a $2 billion investment to improve TELUS PureFibre connectivity in Ontario and Quebec. The investments align with the company's 2026 capital expenditure guidance. Currently, TU shares are trading at $12.39, up 0.69%."
datetime: "2026-05-19T14:15:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286928587.md)
  - [en](https://longbridge.com/en/news/286928587.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286928587.md)
---

# TELUS Invests More Than $66 Bln For Five-Year Network Expansion

(RTTNews) - TELUS Corporation (TU), a Canadian telecom company, Tuesday announced that it is investing more than $66 billion over the next five years to expand and enhance its network infrastructure and operations across Canada.

Through this investment, the company hopes to advance Canada's tech and AI sovereignty, and pioneer environmental sustainability and purpose-built housing.

Further, the telecom company is expanding on its $2-billion investment to bring speed and connectivity of TELUS PureFibre to regions of Ontario and Quebec.

The investments are in line with the capital expenditure guidance of the company for 2026, TELUS said in a statement.

Currently, TU shares are trading at $12.39, up 0.69% on the New York Stock Exchange.

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

### Related Stocks

- [TU.US](https://longbridge.com/en/quote/TU.US.md)
- [NDAQ.US](https://longbridge.com/en/quote/NDAQ.US.md)

## Related News & Research

- [TELUS To Invest C$14 Bln In Alberta Through 2030](https://longbridge.com/en/news/287088760.md)
- [Telus And Government Of Canada Advance Work To Scale Canada's Sovereign Ai Infrastructure](https://longbridge.com/en/news/285975202.md)
- [Jim Cramer Says Nvidia Should Stay Inside China’s AI Boom, Not Walk Away](https://longbridge.com/en/news/286804523.md)
- [Jeff Bezos says software engineers shouldn't be afraid of AI: 'Be so happy!'](https://longbridge.com/en/news/287085498.md)
- [Ottawa To Build A.I. Data Centres In British Columbia](https://longbridge.com/en/news/286113652.md)