Telus ramps up its 5G

Article Excerpt

TELUS, $23.01, is a buy. The company (Toronto symbol T; Shares outstanding: 1.3 billion; Market cap: $29.1 billion; TSINetwork Rating: Above Average; Dividend yield: 5.1%; still plans to spend $2.75 billion on its networks in 2020—despite the disruptions caused by the COVID-19 pandemic. A big part of that has been spent on expanding Telus’s 5G (fifth-generation) wireless networks. They are up to 100 times faster than current 4G (or LTE) networks. The speed allows for much faster video and data transfers. Telus now offers 5G service in 24 cities and plans to add 26 more cities by the end of 2020. That will make its 5G service available to 30% of Canada’s population, up from 16%. The expansion plan bodes well for the company’s future revenue and cash flow growth. Telus Corporation is a buy. buy…

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