Returning CEO Darren Entwistle is making long term plans to implement a new Fibre-Optic internet connection throughout Vancouver. This will replace the old copper-wire connections to deliver speeds of up to 150 Megabytes per second. This is part of a larger business plan to invest over “$4 billion in BC by 2018”.

Photo Citation:  Bader, Daniel. “Darren Entwistle Returns as Telus CEO.”MobileSyrupcom. Mobile Syrup, 10 Aug. 2015. Web. 03 Oct. 2015.

This is a huge risk by Entwistle, and if it pays off it will really place Telus in a strong position against its competitors.

Investment is an encouraging sight, considering Canada’s current economy and multiple job cuts in many large industries. Job cuts in Faskens Martineau, the Canadian law firm and almost 1500 jobs by Respol due to declining oil prices is just to name a few.

Kevin Fernando

Dobby, Chirstine. “Telus to Spend $1-billion in Fibre-optic Internet Expansion in Vancouver.” The Globe and Mail. The Globe and Mail, 02 Oct. 2015. Web. 03 Oct. 2015. <http://www.theglobeandmail.com/news/british-columbia/telus-to-spend-1-billion-in-fibre-optic-internet-expansion-in-vancouver/article26640003/>.

Jones, Jeffrey. “Repsol to Cut 1,500 Jobs amid Slumping Oil Prices.” The Globe and Mail. The Globe and Mail, 02 Oct. 2015. Web. 3 Oct. 2015. <http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/repsol-cuts-1500-jobs-amid-slumping-oil-prices/article26624414/>.

Grey, Jeff. “Faskens Cuts Jobs in London, Shuts Paris Office.”AdvocateDaily. The Globe and Mail, 02 Oct. 2015. Web. 03 Oct. 2015. <http://www.advocatedaily.com/faskens-cuts-jobs-in-london-shuts-paris-office.html>.