Telus is making massive investments across Canada as one of the few major telecommunications providers in the country. Telus has taken on debt and directed revenues towards the creation and permanent installation of enormous amounts of physical infrastructure across Canada's physically-large land mass.
TELUS is investing $28 billion across Ontario from 2023 through 2027 in network infrastructure, operations and spectrum enhancement. TELUS now has the largest contiguous 5G channels nationwide with purchase of 72 MHz of premium-band spectrum for $620 million during it's 2023 fiscal year. This means that Telus is set to be a dominate player in the phone and internet markets for the foreseeable future.
Meanwhile, the TELUS Friendly Future Foundation launched it's new $50 million TELUS Student Bursary Fund – the largest bursary fund in Canada! Created through a $25 million endowment gift from TELUS plus an additional $25 million in fundraising, the TELUS Student Bursary program will support hundreds of students each year and, important to investors, lend strong positive brand recognition to Telus for many years to come.
It is for these reasons that I believe RBC's recent choice to maintain Telus price targets at around $29 CAD was a correct decision. At current prices between $22-24, this is a strong buy from me!
TELUS is investing $28 billion across Ontario from 2023 through 2027 in network infrastructure, operations and spectrum enhancement. TELUS now has the largest contiguous 5G channels nationwide with purchase of 72 MHz of premium-band spectrum for $620 million during it's 2023 fiscal year. This means that Telus is set to be a dominate player in the phone and internet markets for the foreseeable future.
Meanwhile, the TELUS Friendly Future Foundation launched it's new $50 million TELUS Student Bursary Fund – the largest bursary fund in Canada! Created through a $25 million endowment gift from TELUS plus an additional $25 million in fundraising, the TELUS Student Bursary program will support hundreds of students each year and, important to investors, lend strong positive brand recognition to Telus for many years to come.
It is for these reasons that I believe RBC's recent choice to maintain Telus price targets at around $29 CAD was a correct decision. At current prices between $22-24, this is a strong buy from me!