Thursday, TELUS Corporation (TU) announced its plan to invest over $8 billion over the next five years to expand and enhance its network infrastructure and operations across Québec, Canada.
The company expects the investment in key projects to deliver critical infrastructure to strengthen the country's independence and leadership on the global stage.
Additionally, Telus intends to advance Canada's tech and AI sovereignty, pioneer environmental sustainability and economic prosperity, and foster healthy communities.
In the pre-market hours, TU is trading at $12.39, down 0.28 percent on the New York Stock Exchange.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.