20:46:18 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Telus Corp (2)
Symbol T
Shares Issued 1,467,786,039
Close 2024-02-14 C$ 23.40
Market Cap C$ 34,346,193,313
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Globe/CP say Telus warns CRTC about network sharing

2024-02-15 08:30 ET - In the News

The Globe and Mail reports in its Thursday edition that Telus told the CRTC on Wednesday that it will not decide whether it needs to adjust its network spending plans until the regulator makes a final ruling on a November proposal that the big telcos must accommodate smaller Internet providers in piggybacking their fibre networks. A Canadian Press dispatch to The Globe says that unlike BCE's Bell Canada, Telus said the CRTC's interim decision last November did not prompt it to cut back on investment. "Where we end up with the final wholesale rates will ultimately determine how we invest the next dollar," said Matthew Murray, Telus senior vice-president and corporate controller. Telus Consumer Solutions president Zainul Mawji told commissioners that a wholesale Internet access framework without restrictions on who can access it "would be a very stark outcome" that dissuades big companies from expanding into new regions. "You would see incumbents, maybe not right away, but over time for sure, reduce, diversify their investments elsewhere, and start to ride on each other's networks," she said. "Remote areas would be the most impacted. ... There are remaining places to complete access to. They're expensive."

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