Huge news for sector BCE Inc. is launching what executives call the biggest investment program in the company's history as it speeds up plans for its 5G and fibre networks.
The Bell parent company said Thursday it will spend at least $1 billion in the next two years on its network in a move that would double the share of the Canadian population covered by Bell's 5G wireless network.
The extra spending will be funded in part, by the sale of Bell data centres to Equinix.
"This is the right strategic move at the right time for our customers and our company," said chief executive Mirko Bibic in a conference call with financial analysts.
"This will put us in an advantageous competitive position, allowing us to keep growing broadband market share and internet revenue and to begin monetizing 5G services."