The company intends to launch the network by the end of 2020. (Financial Post)
Talking point: Telus’s decision comes one week after SaskTel received provincial approval to buy Huawei equipment for its non-core 4G network. The two telecoms are moving ahead with Huawei despite warnings from Canadian and U.S. national security experts, who claim it poses a national security risk due to its connections with Chinese intelligence. The Canadian government has yet to decide whether it will impose restrictions on Huawei. Telus’s announcement comes the same day as its fourth-quarter earnings, in which it reported a 2.5 per cent quarterly revenue increase to $3.9 billion, and forecasted that revenue will grow six to eight per cent this year. Unlike competitor Rogers, which recently announced plans to increase its capital expenditure this year, Telus said it will spend $2.75 billion, a drop from $2.9 billion in 2019.