TELUS To Invest $2.8 Bln Across British Columbia

(RTTNews) - Canadian telecommunications company TELUS Corp. (TU) Monday said, ahead of its annual general meeting later this week, that it will invest $2.8 billion in new infrastructure and facilities across British Columbia through 2016.

TELUS will invest $1.2 billion across the province in 2014, the final year of a 3-year plan announced in 2012, and another $1.6 billion 2015 and 2016 to build infrastructure, expand urban and rural Internet connectivity and capacity.

By the end of 2016, the company's investment in British Columbia will be more than $40 billion.