TSXV:LTE - Post Discussion
Post by
LyChauncey on Mar 25, 2021 10:01pm
Telus to raise C$1.3B via stock offering for accelerated cap
- Net proceeds to be used for further strengthening the balance sheet and, mainly to capitalize on a unique strategic opportunity to accelerate its broadband capital investment program, including the substantial advancement of the build-out of TELUS PureFibre infrastructure in Alberta, British Columbia and Eastern Quebec, as well as an accelerated roll-out of the Company’s national 5G network.
- Telus estimates ~C$500 to C$750M of the accelerated capital investments will be earmarked for 2021, over and above its previous target of C$2.75B.
- The balance of ~C$750M to C$1B is expected to be brought forward into 2022, in addition to TELUS' planned annual capital expenditures of C$2.75B for next year.
- TELUS expects this accelerated and opportunistic broadband program to significantly support elevated revenue growth and enhanced efficiencies resulting in incremental flow-through to EBITDA in future years.
Be the first to comment on this post