Benzinga | Apr 9, 2021 10:03AM EDT

TELUS Invests $2M In PureFibre, 5G Network Expansion

* TELUS Corp (NYSE: TU) invested around $2 million in the M?kinac and des Chenaux RCMs (Regional county municipalities) in 2021.

* The company will fast-track the PureFibre and 5G network deployment to bridge the digital divide, drive business innovation, grass-roots charities, and support the health, agriculture, and education sectors.

* TELUS' 2021 project investments include deployment of the TELUS PureFibre network to over 1,200 families and businesses in Saint-Prosper, Saint-Stanislas, and Saint-Adelphe, extending the TELUS 5G network to select communities in the region, including in Saint-Tite, with download speeds of up to 1.7 Gbps and improving wireless coverage through a new telecommunications site to Saint-Adelphe and expanding TELUS' 4G LTE network.

* Price action: TU shares are trading 0.33% higher at $20.52 on the last check Friday.